thing is, people seems not to grasp the complexity of the matter: it is indeed highly political.
mass adoption will not improve bitcoin's store of value, it is quite the opposite actually, it will flood and drown it.
but it is so not going to happen anyway, even if you "scale it" in advance. sry people wake up.
people are too much anticipating, buying the fake dreams of them antonopoulos, gavin et al, saving the planet with free insta-frappucinos.
but it's its scarcity both in cap and transaction that will allow it to surpass any regular investment.
i mean fuck look at the damned financial markets all around the world that are on the edge of a massive collapse!
it is its robustness against human miscalculations, its decentralization, its permission-less-ness and its network's security that matters.
why always this urge of Quantitative Easing everything?
that is so wrong on so many levels and in total opposition with bitcoin's fundamentals.
i do hope its antifragility would make bitcoin rise up from xt's hashes.
but for now, gavin et al had exactly what they wanted, that is dividing the community and induce fear that it is not such a good investment.
the rules should be set in stone, and not subject to any major modification and by anyone, or that would create a precedent.
for example, just look at what them politicians are doing with the euro and greece! they rightfully fear to create that precedent of exiting that stinky zone!
but hopefully, not like the euro, bitcoin is an investment! not cash, not pocket money!
it is a Privilege, as in the privilege of securing your wealth from the banksters and bypass them!
so bitcoin is bound not to be free to transact with. nevermind, just HODL ffs!
otherwise it will just be a pale copy of visa/mastercard/paypal and it will sink, because it simply cant compete.
thats why its price is stalling now. you cant have both an investment and pocket money. by definition it is not the same.
so get your shit straight and tell them egomaniac forkers to gtfo of bitcoin! starting with them two usg moles gavin and hearn.
Well said Sir, +100000
But we already seen "large volume transaction", unless you are referring to even greater ones then the gambling transactions.
The level we see is most are used for gambling so unless the other volume is used for actual commerce then thats a different hurdle.
we saw spam attacks:
https://blockchain.info/charts/n-transactionsim not arguing about patches, bug fix, or next gen, 2nd/3rd/etc layers solutions, which will come, in due time and with fair testing.
point is you have to let bitcoin as pure and and its core as untouchable as possible.
not like the current financial system, with its terrible foundations.
because thats where the
value lies.
edit: and also you have to let the fee market develop, as it is the future incentive for miners to
secure the system. so utlimately, blocks should legitimately be approaching fullness.
