Yesterday, there were again over 40k unconfirmed BTC transactions in mempool. With ETH, 40k and more unconfirmed transactions are already normal. These coins are unusable. Whereas with ETH there is a small chance that the situation will eventually improve somewhat because the developers are working on scaling, there is no hope for BTC. When the number of transactions increases, which happens and will happen again and again, the chain is clogged. The cause is the small blocks, which are only 1MB in size. This means that only about 300k BTC transactions are possible per day (incl. SegWit transactions). BTC cannot scale and therefore the coin is not suitable for the future. That is why BTC dominance is constantly decreasing. That is why the coin will lose its leading role over time and fall into oblivion. Many don't want to believe it, but the technically broken things cannot prevail in the long run. It never was and it never will be. It may take a few more years for most people to realise it, but it will inevitably come and even the BTC whales won't be able to stop it. #BTC #ETH #mempool #Transactions
2 comments
Your point sounds logical. I guess in future the only people who will hold BtC are who think it can act as store for value
A technically broken coin cannot function as a store of value. BTC has no characteristics to function as a store of value. https://read.cash/@Telesfor/is-bitcoin-btc-a-digital-gold-f427d899