Most Bitcoin users will be well aware of the ongoing transaction queue issues right now. A lot of transactions are stuck in the mempool as they await network confirmations. Earlier today, it appeared close to US$1bn worth of BTC was stuck in limbo. Developments such as these highlight the need for a Bitcoin scaling solution, albeit that is much easier said than done.
Read more here: http://www.livebitcoinnews.com/bitcoin-transaction-backlog-surpasses-us1bn-mark/
So many other coins that would never have this problem.
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Can you expound on that a bit?
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I'm no expert but from what I've read, many of the more advanced coins have mitigated against such problems, by design.
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Do you think that it is possible for the backlog to become so great that it makes a bitcoin fork impossible?
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I don't know but it seems the infighting, community division, politics and bureaucracy are bigger hurdles to climb. The only positive thing about Bitcoin that I can see right now is the rising value. As a currency though, I keep reading again and again that there are better alternatives. Are you investing? Why not spread it out?
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I'm investing my time into Steemit. I'm hoping it will pay once I get some sort of critical mass of followers.
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That's a lot of money. Is bitcoin losing stability? If I were an investor (or should I say speculator?), I'd be nervous.
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