Nonetheless, the core downside right here will not be that Bitcoin is getting used to symbolize frog photographs per se, however that its worth as an environment friendly, intermediary-free settlement system for transferring worth of all types is undermined by blockspace congestion. (As CoinDesk columnist David Z. Morris wrote this week, Bitcoin could be experiencing the identical issues if, as its advocates hope, thousands and thousands extra individuals have been utilizing Bitcoin for financial functions.) That’s the place the governance dialog must be targeted.