The Fiat Standard

The Fiat Standard

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The Fiat Standard
The Fiat Standard
Chapter 13: Bitcoin Scaling

Chapter 13: Bitcoin Scaling

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Saifedean
Jun 16, 2021
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The Fiat Standard
The Fiat Standard
Chapter 13: Bitcoin Scaling
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This chapter examines the magnitude of the scaling problem, and the challenges Bitcoin will face on its way to a much larger volume of transactions. Due to its nature as a hard money, I argue it is not realistic to expect it to remain a niche network limited in its adoption by on-chain scaling capacity. Demand for hard money is self-reinforcing and wil…

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