Friends,
The fundamentals behind creating BITCOIN was to
- Reduce cross boarder payments
- Less transaction fees
- Payments at lightning speed
- Avoid Double spending
Its time to relook at the algorithms! because at saturation level bitcoin concept will fail like number of users, transactions etc
Miners difficulty is increasing day by day (Hardware, maintenance, Electricity etc.). Imagine if miners are nervous system of Blockchain technology. Basically miners are not incentivized FAIRLY. Imagine if miner starts running away from Bitcoin mining ?
So early adopters need to fix these fundamental issue before its too late !!
Any comments or suggestions more than Welcome !!
References:
https://bitcoin.org/bitcoin.pdf
https://arstechnica.com/tech-policy/2017/12/bitcoin-fees-rising-high/
https://blockchain.info/charts/difficulty
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