Quote from: waaat? on January 21, 2015, 03:20:00 PM

Quote from: Flashman on January 21, 2015, 02:45:35 PM

Quote from: waaat? on January 21, 2015, 02:21:05 PM

In case you hardfork it, you hardfork it ONCE and when you have to, not twice a year when you feel like it and it appears to be 'maybe useful in the future'.

I believe the intent with raising it 20 fold is not to have to mess with it again for several years. We are on the shallow part of the adoption S curve at present, and when we hit the inflection point when true mass adoption occurs, tx volume may double several times within a year. That is not the time to be saying "Oh wait a minute everyone, just got to do a hard fork". And to go for minimal increase and have to do it more than once in that period would be suicide.

What 'inflection point'? Have you been looking at the charts lately? Any signs of rising demand?
No, we have to wait out the socialist distribution for the whales to corner the market and pump and dump it for the halving-party which they hopefully will so we can unload our heavy bags. That's the status quo and not hitting any imaginary 'inflection points'.

You're giving the perfect example for the dancing-in-the-sky-kind, the one telling people to hold all of 2014.
Bitcoin will remain a pump and dump - the high inflation makes sure it is.
The critical mass will be reached not within years - maybe never.
Most people already lost money with it or have been scammed and most aren't even able to use it safely. People in the streets know bitcoin and they choose not to use it. Go outside and talk to average Joe. So all the fancy hopes of massadoption is delusion and bitcoin fails miserably with being a store of value. I don't see it going up with this demand/supply imbalance and it'll be worse later because once reality sinks in sellpressure will increase even more.

The whole distribution idea was a monumental failure because it leads only to less distribution and slower adoption aswell as higher volatility (and maybe even supports centralization of mining) - but that's offtopic now.

I know the cognitive dissonance must be too much and you'll have to 'put me on ignore' now. Roll Eyes

I am so sick of this mentality that bitcoin somehow needs to be accepted by "average joe" or else doomed. I just saw a commercial for some iOS app that lets you pay instantly with your phone; if that's the kind of functionality you're looking for, there it is! But that's not what bitcoin is for; never has been! The purpose of bitcoin is best summarized by satoshi's choice of random data in the genesis block:

Quote

Chancellor on brink of second bailout for banks.

I don't need bitcoin to make buying coffee easier; I need it to stop governments from controlling money supply. That is priority number one always and forever. If you want a poorcoin that everyone can use on the cheap, that's fine; keep it separate from bitcoin. You could even back poorcoin with bitcoin. Stop thinking of bitcoin as a one-size-fits-all replacement for all money; it doesn't need to be that. It just needs to be the foundation upon which other systems of account can be built. And I don't mean that in the "build stuff on the blockchain" derpy kind of way; I mean it in the sense that it has a fixed and predictable supply from which other currencies can derive value.