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Topic: Something that might severely limit Bitcoin's growth potential. (Read 6199 times)

legendary
Activity: 1554
Merit: 1021
We need more people with this mentality. Weak hands willing to sell their coins CHEAP!

lol, yes. Gotta love buy high - sell low traders!

Quote from: wopwop
what are you waiting for? there's enough people selling already

He's waiting for YOUR coins!
sr. member
Activity: 252
Merit: 250
i will for aslong there's real money to be made in bitcoin and this forum is just a side kick for entertainment

You remind of the people who bought BTC for $30+ and cried / complained after it came back to $2, but maybe it works for you. Good luck with your bubble mentality!

We need more people with this mentality. Weak hands willing to sell their coins CHEAP!
what are you waiting for? there's enough people selling already
legendary
Activity: 1148
Merit: 1018
i will for aslong there's real money to be made in bitcoin and this forum is just a side kick for entertainment

You remind of the people who bought BTC for $30+ and cried / complained after it came back to $2, but maybe it works for you. Good luck with your bubble mentality!

We need more people with this mentality. Weak hands willing to sell their coins CHEAP!
legendary
Activity: 1554
Merit: 1021
i will for aslong there's real money to be made in bitcoin and this forum is just a side kick for entertainment

You remind of the people who bought BTC for $30+ and cried / complained after it came back to $2, but maybe it works for you. Good luck with your bubble mentality!
sr. member
Activity: 252
Merit: 250
who cares, there are plenty of flaws in bitcoin's protocol that prevents it from being usable in day to day trade

most of us here are only here to cashout on a higher price, the sooner the better so we can move on

You are awesome,

I hope you be around for a long time.  Grin
i will for aslong there's real money to be made in bitcoin and this forum is just a side kick for entertainment
legendary
Activity: 1554
Merit: 1021
I'm unsure if Bitcoin is really the optimal p2p currency.  Tor works without fees; why can't Bitcoin be designed differently to work the same way?

Tor works without fees, because many people are relaying for free, however the system is extremely slow compared to VPN services, because without fees it allows for abuse of the system.
full member
Activity: 224
Merit: 100
Tor works without fees;
Barely. And it's quite niche because of it.
full member
Activity: 182
Merit: 100
I'm unsure if Bitcoin is really the optimal p2p currency.  Tor works without fees; why can't Bitcoin be designed differently to work the same way?

P2P currently for slow trades waiting on 6 confirmations that take an hour, or use a middle man like MtGox redeemable codes for instant balance transfer.

You'll have power to do either.
member
Activity: 87
Merit: 10
I'm unsure if Bitcoin is really the optimal p2p currency.  Tor works without fees; why can't Bitcoin be designed differently to work the same way?
hero member
Activity: 546
Merit: 500
Ripple is under the control of a few people, is that right?

You can fork the Ripple system if you like. Client is open source, server not yet but you can ask them afaik. If you don't trust them with their promise of better decentralization soon, and if you have a better solution to prevent spam and fake accounts than the usage of XRPs, then go ahead.

Its good that it is open source, but then there is just one server? I believe I do have a better solution. Its just plain PHP, can be open sourced, and will work with freely available software on most servers. Users can make money two ways with this. More coming up... Smiley
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
who cares, there are plenty of flaws in bitcoin's protocol that prevents it from being usable in day to day trade

most of us here are only here to cashout on a higher price, the sooner the better so we can move on

You are awesome,

I hope you be around for a long time.  Grin
legendary
Activity: 1764
Merit: 1007
Ripple is under the control of a few people, is that right?

You can fork the Ripple system if you like. Client is open source, server not yet but you can ask them afaik. If you don't trust them with their promise of better decentralization soon, and if you have a better solution to prevent spam and fake accounts than the usage of XRPs, then go ahead.
legendary
Activity: 1764
Merit: 1002
who cares, there are plenty of flaws in bitcoin's protocol that prevents it from being usable in day to day trade

most of us here are only here to cashout on a higher price, the sooner the better so we can move on

you're an idiot. 

i think you should move on NOW.
legendary
Activity: 1078
Merit: 1003

Yeah, but those things have actual real world value

Bitcoin does not

So Bitcoin can't be used to make pseudo-anonymous payments over the Internet in a timely manner, and it can't act as a store of wealth, either?  Can a service (that literally nothing else offers as well and in one package) not be valuable?  When you call a maid over to clean your house, do you not pay her because you can never own her, nor short her?
full member
Activity: 224
Merit: 100
who cares, there are plenty of flaws in bitcoin's protocol that prevents it from being usable in day to day trade

most of us here are only here to cashout on a higher price, the sooner the better so we can move on
Go away, nobody likes you.

As for the topic, I could be wrong but couldn't the number of transactions significantly increase without making it significantly harder to process the block (aside from the size problem), but as a result significantly upping the number of transaction fees? Such that the current typical transaction fees of .001-.0005 or so (adjusted for changes in Bitcoin's value, of course) would be enough, because each block would have many times more of those fees than in current blocks.

It all depends on what decision will be made about increasing the block size.
legendary
Activity: 1148
Merit: 1018
most of us here are only here to cashout on a higher price

I'm not. I'm the 1%!

A vast portion of bitcoiners are in it for the long run. Because it empowers people, not because they want fast fiat profits.

Guys as "wopwop" are just "weak hands" that will allow us true believers to get "cheap coins" in the short term.
hero member
Activity: 546
Merit: 500

Systems that work on top of Bitcoin, like Ripple, will takeover the responsibility for most transactions, especially micro-payments.

Ripple is under the control of a few people, is that right? The best way to help bitcoin is to provide a truly decentralized market for trading or whatever else people want to do with their money.
legendary
Activity: 826
Merit: 1002
amarha
With regard to being useful for daily hand-to-hand transactions, Berkshire Hathaway shares, 500-foot (150-meter) yachts, and financial district office towers are not are inconvenient mediums of exchange, and yet markets in them exist.



Yes, but those are always negotiated for in cash. I doubt anyone has traded their yacht for a few shares of BRK.A.

I assume most people wish Bitcoin to supercede the use of cash in the world economy.
legendary
Activity: 1554
Merit: 1021
most of us here are only here to cashout on a higher price

I'm not. I'm the 1%!
sr. member
Activity: 252
Merit: 250
With regard to being useful for daily hand-to-hand transactions, Berkshire Hathaway shares, 500-foot (150-meter) yachts, and financial district office towers are not are inconvenient mediums of exchange, and yet markets in them exist.

Yeah, but those things have actual real world value

Bitcoin does not
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