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The bitcoin network managed just fine.

Tick tock next block.



My barter system of growing vegetables to trade with managed just fine too.

But it was useless for buying gas with, unfortunately.


The bitcoin network can't handle just income and (possibly even or) rent/mortgage payments in just the Netherlands.

If it had to also cover an average of one meal payment per person per day, it couldn't handle just Coventry.

Extra payment layers quickly start to look like banks with all the same kinds of expectations and failures popping up.


The Bitcoin network is slow to verify and has the environmental impact of a medium-sized industrialized economy just to run the thing. It's also exceptionally volatile compared to fiat currencies (though at this point pretty stable compared to other cryptocurrencies), and the fact that it's deflationary makes it difficult to justify as a solution in a still-growing worldwide economy.


Lightning Network?




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