I believe the White Hats knew Bitcoin would be slowed down and sabotaged, making transaction ridiculously expensive like when they were $10+ for months at a time, making it unusable for an everyday currency, and forcing silly solutions like the lightning network. They knew it would happen and Bitcoin forked into Bitcoin Cash, carrying on the original vision and increasing the blocksize to keep up with improved internet and hard drives. Right now, there isn't a crypto capable of handling the amount of transactions Visa does, while keeping crypto mining decentralized and accessible to the average person, but in a decade or too, the block size can keep increasing up to a few Gb, which should be enough to compete with Visa and stuff. And people running nodes can prune the block chain to reduce the storage needed. I can already get Gigabit internet in my small town in the UK.
Interesting with the CIA connection.
I believe the White Hats knew Bitcoin would be slowed down and sabotaged, making transaction ridiculously expensive like when they were $10+ for months at a time, making it unusable for an everyday currency, and forcing silly solutions like the lightning network. They knew it would happen and Bitcoin forked into Bitcoin Cash, carrying on the original vision and increasing the blocksize to keep up with improved internet and hard drives. Right now, there isn't a crypto capable of handling the amount of transactions Visa does, while keeping crypto mining decentralized and accessible to the average person, but in a decade or too, the block size can keep increasing up to a few Gb, which should be enough to compete with Visa and stuff. And people running nodes can prune the block chain to reduce the storage needed. I can already get Gigabit internet in my small town in the UK.