I'm no expert with this sort of stuff but I just wonder.....Is it possible that all the Bitcoin developers and heavy weights have taken their eye off the ball because they are desperately working in the background to come up with a fix?
@penguinpablo did a post which got me wondering. How far are they from releasing the Lightning Network? How will it eradicate the high fee and slow transaction rates?
Food for thought!
Here's the post - https://steemit.com/bitcoin/@penguinpablo/tutorial-how-to-make-a-lightning-transaction-on-the-bitcoin-testnet
I don't think so. The short term fix is very simple. Increase block size from 1MB to 2MB. That buys enough time for this magical "Lightning Network" fix to be developed, tested and deployed.
Somewhere along the way politics got in the way of common sense.
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I believe it is not so simple. Hard fork will divide community for sure. Big money was bet on bitcoin and any hard fork will bring a lot of uncertain. That is going to cost much more for bitcoin in long term.
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