The most important advancement that needs to be made in Bit…
The most important advancement that needs to be made in Bitcoin, in all of SHA256d mined assets, is to force miners to do real work in order to get paid.
This means accepting more transactions into the blockchain, not hashing more.
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This means, increasing the chained transaction limit to force miners to be more active in order to earn revenue, to solve actual scaling problems in their own implementations without waiting for specific development teams (i.e. nChain,) to do it for them.
This means, increasing the size and kinds of transactions to be accepted. Competing to overcome practical limitations, always pushing the boundaries, servicing more utility more quickly.
This means, growing a spine, being active rather than lazy, and driving progress forward so that you're in the top 50% rather in the bottom 50%, because only the top 50% actually profit in the long run.
This means, compete like your life depends on it, because even if that isn't directly true, your livelihood certainly does depend on it.
Don't rest and wait for others to take the lead for you - all that means is that you're a constant follower.
Solve the problems. Move forward. Compete.
But what does all this mean?
The short version?
Two things...
One, developing applications that utilize Bitcoin while providing real value to consumers.
Two, miners pushing the frontiers independently to create a truly competitive mining environment.
How long until it all goes mainstream and isn't just a hobby project?
The tools are there. It’s not about the amount of users, but the revenue and impact an app or service offers because it runs on BitCoin.
Acting professionally is a choice.
Yes, I agree in part about that.
I think many of the tools to really do this right on all fronts still need to be built, and that's part of what I'm talking about here... Don't wait for others to build the tools, make them yourself.
Thinking about this more, @1077, I think it depends on what you mean by "it all," "mainstream," and "hobby project."
I think it will be ~2-4 years before BSV becomes the wildfire that Bitcoin should have been in 2017 where use is concerned.
Nothing is guaranteed. The tech is cool but we have to find the right business models for it - and they have to matter and be possible (mostly) only on Bitcoin. Otherwise this won’t matter one bit.
It doesn't have to be possible only on Bitcoin, it must be better only on Bitcoin.
There are a lot of ways for that to happen, mostly having to do with servicing market niches.
+1 for this answer. You can accelerate existing workflows with bitcoin.