How will the unbanked get cryptocurrencies? How will Bitcoin scale at all layers to become reliable and useful as a retail currency? It's useful for store-of-value (SoV), import/ export businesses, remittances, and cross-border transactions. The SegWit soft fork was already a block size increase and it also enabled second-layer solutions. Building a system that is easy to use, yet incredibly complex in the background necessitates that we don't settle for simple answers. You don't need to understand how BGP works in order to use the internet. If you had told a person in the early 1900s that we would electrify the world, or re-pave roads to be suited for cars in a few decades, they would have written a Ph.D. on why that was impossible. Stop only thinking about bigger 'pipes' and start making the data smaller. The scaling solutions that are being considered and developed right now will enable thousands and then millions of transactions per second in the next few years.
This talk took place at the Riga Art Space for the Baltic Honeybadger conference on November 25th, 2017 in Riga, Latvia: https://antonopoulos.com/event/baltic-honeybadger-2017/
ORIGINAL POST ON MY WEBSITE: https://www.eliteblockchaincoalition.com/main-blog/2018/1/19/bitcoin-qa-scaling-complex-systems
