Problem is that strategy is not as solid anymore since you have bitcoin cash on bitcoin's heels. If BTC doesn't innovate then BCH will eventually over take it. BCH is more user friendly for people who want to do daily transactions while BTC is not. If legitimate users switch to BCH then the only thing that will hold up BTC is the long-term people. All the speculators are just going to follow where they can get quick profits.
Yup. Also Confidential transactions, mimblewimble, sidechains, drivechains,... even bigger blocks. People forget that bigger blocks could come to BTC too, but devs are making the safe choice to try scaling with ways they know won’t compromise security or decentralization first.
People have had cheaper alternatives to Bitcoin for a while now (ETH? LTC?) and yet BTC is still valued significantly higher. There’s more to this game than a cheap digital payment.
