Goldman Sachs Report Explores Use of Bitcoin as Currency
Bitcoin is not remotely usable as a currency now.  The fees are incredible, the confirmation times ridiculous.  We need to move on to something more modern like Ethereum, Stellar Lumens, etc. immediately.  Asking the current 1 mb blocksize version of Bitcoin to be a currency is like Goldman Sachs writing a report saying they want to run their website on Intel 486 processors.<p>They mention Zimbabwe moving to it as an alternative.  The average Bitcoin fee is now $40 and the average weekly salary there is around $60.  It is ludicrous to even think about asking someone to spend almost a week's wage for something as simple as a transaction fee.  Bitcoin has failed completely at accomplishing the "banking the unbanked" goal that drew many of us to it in the first place.  That story and that loss is a long, convoluted, and sad story for another time.  But other cryptos with teams willing to adapt and listen to reason are moving forward with this torch.