I hope we all agree to raise the blocksize as soon as it's become too crowded? like 80% full for 24 hours and then we double? With the mobile wallet who knows when we will need it.
Bigger block = higher price :: 92 % correlation.
and I add this very important quote :
A network is only as useful, and hence valuable, as the number of people who can use it. The transaction rate is the limit on that. More volume means more people means more money means higher price.
This is why to have a decreasing inflation is the best option for pivx. it permit new people to join our accounting network. And the more we are, the diversified the things we can trade among us, the more people come...
stay purple.
edit : one last worth understanding.
There is no founded argument that increasing 7tps increasing the value. Economics doesn't support it.
This is the dumbest sentence I've ever seen on this forum. The burden of proof isn't even on others to prove increasing throughput increases value, the burden of proof is actually on you to prove that bitcoin has any value whatsoever as a settlement network and that 4 TPS would somehow allow it to fill this role.
I've already explained numerous times why bitcoin has zero value as a settlement layer:1) It has built-in rent seeking middlemen (transaction validators) and doesn't remove counter party risk since you're always relying on all kinds of external parties to facilitate transactions
2) Alternatives already exist before the creation of bitcoin that are far superior for settlement such as gold and silver that actually do remove counter party risk and don't have built-in rent seeking middlemen
3) Network effect assumes infinite scalability, which bitcoin doesn't have. Trying to force everyone onto a highly scaling constrained system with giant fees is a pro-usury stance
4) Due to the above , bitcoin has a reverse Schelling point where there's huge incentive to fork or use a different system rather than pay extortion usury fees. Low scaling = inveitable rough consensus attack/split.
5) Bitcoin is a
currency and not
money. The value of a currency is entirely based on transaction flow, not stock (how much commerce it can facilitate by scaling)
