There is a scalability problem (I’m re-synching now, still 26 weeks behind). This problem will be hugely aggravated if 5,000 Bitcoin ATM’s come online. Even doing away with zeroblocks won’t fix it.
Watch the tech. Any new Bitcoin-like substitute that successfully deals with the scale issues will be the one!
Thanks for the report!
“There is a scalability problem (Im re-synching now, still 26 weeks behind). This problem will be hugely aggravated if 5,000 Bitcoin ATMs come online. Even doing away with zeroblocks wont fix it.”
So, what happens with the scalability issue if, say, everyone in the U.S. made ALL of their current purchases with bitcoin?