>>6235807
The "Blockchains can't scale" narrative was a whopper from…Blockstream…which has been empirically proven false. FUD around reorgs are exactly that and solely affect miners, not users, when the system is working as intended. Otoh Blockstream's irreversible SegWit bug cannot scale - BTC is dead whether anyone realizes or not, at least as far as a global network is concerned. Most recently Core is entertaining the idea of increasing the $21M cap to introduce inflation. When its possible for a small group of paid-off developers to change fundamentals like that, we might as well suck it up and accept the Fed. A stable protocol for blockchain based money removes the power that so many in this space are seeking.
It sounds like we're close to agreeing that central bankers are the root cause of most of the woes of this planet. (THEY) are not threatened by thousands of shitcoins. In fact its in their best interest to have as many competing cryptocurrencies as possible! Divide and conquer.
When the first sniff of a recession approaches the implosion of crypto begins, and (THEY) will centralize even more wealth and power because people were blinded by short term gainz. But if we as a group were smart enough to coalesce around one coin, with a stable protocol, we would protect from (THEM) as well as the worst of ourselves. All we need is a reliable, scalable blockchain…nothing fancy.