In the scaling debate, I have always sided with Roger Ver & Bitcoin Unlimited. In general, I consider Tone Vays, and the bitcoin core team to be holding the wrong positions about scaling.
In the end, the New York agreement favored neither side, which is good because it means practical business people got involved on some level, and the future of bitcoin was taken out of the hands of bitcoin core team. Programmers should never be the head management of a multi-billion dollar business. When Microsoft got big, Bill Gates made a business decision and stepped aside, and put a business manager in charge.
In case you did not know, the censorship Roger speaks of in this interview below happens on /r/bitcoin . About 80% of what is written on /r/bitcoin about the scaling debate is a lie. Why reddit has steered bitcoin at all makes no sense to me. Reddit is a platform of divisiveness and vitriol. Leading up to the New York agreement, people were calling for the discussion to be removed from reddit altogether. Now that the various sides have figured out /r/bitcoin is a bad place for a discussion, real progress is beginning to happen with bitcoin.
In the end, I believe bitcoin will lose first place in market cap. Candidates to beat bitcoin are as follows:
- Ripple
- Ethereum
- EOS
- Dash
Bitcoin's scaling agreement, is too little too late. They need to be aiming on getting transactions per second over 1,000 TPS. Currently, their goal is 10 TPS. There is 2+ year old tech, bitshares which can do 10,000 TPS.
How well does your computer run things, if you wait 5+ years to upgrade it? Eventually, it is just junk. Bitcoin's days are numbered, but before that matters, it should go higher in the next year. Bitcoin will top, though, and likely be finished just due to their inability to move forward. Should they change their behavior, and begin updating the bitcoin code to get volume where it is needed, bitcoin could survive. They are taking too long.
How a coin should be operated
If you are interested in how a cryptocurrency should be operated, watch this. What this video is, is a conference call. In the world of stocks, every company does a quarterly conference call detailing their results, progress, and financial information. In the world of cryptos, Dash is one of the few cryptocurrencies operating their team like a business. They hold quarterly conference calls, have a management structure, have goals, and a direction forward with analysis of how they are doing at achieving those goals.
Now you see why I like Dash so much. Investors from the traditional world of investing, want conference calls. The big money, they are going to favor investing in coins like Dash which provide visibility. This is the sort of behavior that makes them comfortable investing. Bitcoin's organization would scare them, frankly.