What if Bitcoin became a settlement system?

What if Bitcoin became a settlement system?

If the above statement becomes true, I will abandon it without hesitation.

What is Bitcoin? Bitcoin is the asset I trust the most. As a die-hard investor, it allows me to survive the price fluctuations day and night, as well as people's cynicism. Because I am its true owner.

Simply because it is an asset that belongs only to me, an asset that cannot be taken away by others.

So is settlement important? It is very important, so there are thousands of settlement systems in the world, from cash to bank cards, UnionPay, Visa, Master, China Mobile, China Unicom, Apple, Google, PayPal, etc. I believe there will be more in the future, but they all settle in legal tender. There is nothing wrong with legal tender because it is used everywhere, but it depreciates, it is controlled by banks and the state, it requires your identity proof, it makes you feel like you are working for someone else, because the state prints it every day, even if it really belongs to you, you can't deal with it at will. That's why we need Bitcoin.

If Bitcoin becomes a settlement system, what is the currency of Bitcoin, its symbol, and the settlement unit?

There are so many settlement systems, and Bitcoin is not much better. The country doesn't like it, and the people don't like it. Why should I do so much? If there is an occasion where I really need to use it, I can just change it. Anyway, it's no longer my cup of tea. Settlement? You can calculate it yourself.

Why is Bitcoin expanding?

Because if Bitcoin wants to become a real currency, more people must use it and more people must recognize it. Now the network is already very congested. Some people say that it is better to increase the handling fee. In the short term, it is good for miners, but what about your dreams of providing everyone with a Bitcoin account? I know that everyone is very pragmatic, and so am I. If Bitcoin has no potential, I will not keep it. But if only a few people can use the Bitcoin network, then everyone will have no expectations, and the price will drop. A Bitcoin that can never be popularized will eventually become a geek's toy. Now the price of Bitcoin is based on everyone's expectations. If the capacity is not expanded, the price will plummet. It is not a dream.

Is it okay to drag it on?

Yes, but it has been delayed long enough. As we all know, even if you are the leader in this world, you can't always be the leader. There are a lot of imitations of Bitcoin now, and traditional industries are also paying more and more attention to the characteristics of Bitcoin: 1. Blockchain. 2. Digital currency. If it is delayed any further, the community itself will have more variables, which will also bring more opportunities to competitors.

How to choose the expansion version?

How can I know all the information? I can only hope to know more, but I am sure of one thing, Core has never wanted to expand, and it must have its own little calculations. Classic was too sudden, and there were no exciting changes. If I had to choose, I would choose Classic. The situation of Core makes me doubt their sincerity. In fact, they are the maintainers of the current version, and they are most aware of the network pressure at present. They can also use the method of upgrading 2M to alleviate the voice of the whole community. They are also very low-key and even tried to change the algorithm secretly. I think they should be excluded from the bones. Such a cunning developer may have good technology, but what value is there for developers who do not serve the community?

Finally, we just have to wait for everyone’s choice. Come on Bitcoin!


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