So you're saying that with all the investment into crypto-currency development, and a techonology that did not exist in any form 10 years ago, that it is impossible to scale?
You are saying it is impossible to create an improved form of crypto currency that solves scaling? Even with 10's of billions of dollars being invested this year into their development? People are throwing a lot of money at this technology. The stakes are incredibly high. If someone does find a solution and creates a form of crypto currency which can operate at scale and do so for cheap fees, they'll become at least a billionaire.
On top of becoming a billionaire, a crypto currency that was able to transact at scale, securely, for pennies in TX costs would fundamentally change the world.
> You are saying it is impossible to create an improved form of crypto currency that solves scaling?
No I'm not saying that at all. I'm talking about Blockchain as it currently exists and as the only real solution to decentralised digital money that we have right now.
Who cares how much money is being invested into it? I'll believe a solution when I see it. And I'll welcome it with open arms. But until then it's purely hypothetical.
It's not purely hypothetical. The foundation is there. It's been running for 9+ years. People have shown a willingness to assign real value to digital assets. What you're complaining about is the technology as it exists today.
The technology can improved. The money being invested into the space is an incentive and a validation for people who wish to work on improving the technology. Money attracts talent. There's also some very genuine reasons why blockchain technology can serve the greater good.
You are saying it is impossible to create an improved form of crypto currency that solves scaling? Even with 10's of billions of dollars being invested this year into their development? People are throwing a lot of money at this technology. The stakes are incredibly high. If someone does find a solution and creates a form of crypto currency which can operate at scale and do so for cheap fees, they'll become at least a billionaire.
On top of becoming a billionaire, a crypto currency that was able to transact at scale, securely, for pennies in TX costs would fundamentally change the world.