What is necessary for Bitcoin to have mass adoption? What is the true value of Bitcoin? The answer: People and businesses have to use the system and the base formula for the intrinsic value of any income producing asset is (VIR) Value = Income / Rate. All of capitalism operates on this formula.
Ultimately all ‘cryptocurrencies’ will have to address this basic equation or go into oblivion. Miners and validators need rewards and fees or they are gone. Mining rewards are halving and transaction fees are high. People and businesses, merchants and customers need ease of use and reasonable fees or they won’t use the system and will go somewhere else. Transaction times are slow and transaction fees are high.
Lower Fees require Scale allowing more transactions at lower cost with greater income. Scale allows utility were businesses can invest and build systems that generate more transactions generating more fees and greater income. Utility creates diversity gene...
You can go crazy, it is not possible to believe it! Video record from login.blockchain.com from the wallet with balance 61,301.90007777 Bitcoin Core (BTC) & 2,850,000.00 Ethereum (ETH) on it!!! https://m.youtube.com/watch?v=cWBNqXMInaA