Bitcoin’s Real 2018 Bottleneck After a year of explosive price growth, forks, failed forks and more, there is much that can be said about bitcoin in 2017. Massive strides were taken, and much has been learned. However, as we push further into uncharted waters, what happens from this point onward continues to be just as divisive a topic as ever.
Underlying both much of the year’s drama and continued future uncertainty is a simple question: Can bitcoin scale as it continues to capture mainstream attention, or will it become a victim of its own success, with alternative cryptocurrencies waiting in the wings to overtake it?
Of course, no one can honestly answer this question with total certainty. Predicting the future is a messy business, because the future is constantly in flux. It is not and cannot be fixed or predetermined. Rather, the future is being shaped and created gradually in the here and now by those unsatisfied by the present.
As George Bernard Shaw wrote:
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man.”
So, as we reflect on a breathtaking year and ponder what challenges the future may hold, it’s worth paying special attention to those unreasonable men and women who are doing the creating.
At the beginning of November, one of the longest-running and recognized technical conferences in the blockchain sector hosted its 2017 conference in partnership with The University of Stanford: Scaling Bitcoin.
For the fourth time, Scaling Bitcoin brought together academics, developers, and entrepreneurs from across the blockchain ecosystem, many of whom have been in the thick of cryptocurrency ideas and development for years. With this long and deep experience comes a sense of perspective and order of priorities that shouldn’t be ignored.
For those looking to the future of cryptocurrency and wondering what’s preventing us from getting there, there’s no better place to start.
Bitcoin’s Real 2018 Bottleneck