So, for some context: I run a software development company, and I've been a developer since the age of 10 (so 20+ years), and I have also been into Bitcoin since 2011. I also am a local expert for the block chain community. With block chain being the new buzzword, I talk a lot with enterprises and business executives.
Bitcoin's bottleneck from last year has heavily influenced business. Almost every conversation I've had has involved "limited transactions per second" (and also the "environmental damage of PoW", but that's not on topic for this post). I have to spend at least 10 minutes debunking this conception every conversation and presentation I perform. However, it also gives me the opportunity to talk about Bitcoin Cash, so that's at least a good segue.
However, first impressions and rumors are hard to dispell, so the impact become much less effective than I believe it should have since many conversations are automatically put on the defensive, and I have to explain why BCH is better than Iota or Nano, or whatever fad they've heard "is better". It's rather unfortunate, really, and I hold a lot of resentment for Core gimping Bitcoin because of this.
Had Bitcoin performed well last December, then I truly believe the advancements in adopting crypto would have been far more along than they are currently. Right now, the business world is sharded and they're uncertain which coin to put their cart behind. It makes them feel like their decisions are far more risky, and it's unfortunate.
Additionally, a current (huge) barrier for adoption is simply how difficult it is to initially obtain Bitcoin. This isn't a technologic problem, it's almost purely a regulatory one. It's great that the government has legitimatized the currency, but they've also burdened it with removing all privacy-related functions of the coin. When any user has to sell their soul just to buy $100 of BCH, it proves a very difficult barrier to entry. Bitcoin.com has done a great job keeping that as easy as possible, but the reality still is that it's too hard for a common user. (Refer to my previous post, if you'd like to have a little more context).
Anyway, this might be obvious information for many of you, but I also don't want to take my knowledge for granted, so I thought I'd just share a brain dump of my current understanding (and mild frustration) of the crypto/business world.
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from Bitcoin - The Internet of Money https://ift.tt/2RbMgSB
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