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Chancellor on brink of second bailout for banks.
And from that you get "Semi fungible high limit poker chips for the elite" ?
I get that bitcoin was not made for bailouts, but that's what's being proposed now. Gavincoin is meant to be a bailout for all the poor people who can't afford a transaction fee, and at the expense of full node operators. It's not that we want a limit for the purpose of staying "elite." It's that there have to be limits in this world. Bitcoin's ability to destroy socialism is not strengthened by the inclusion of every Tom, Dick, and Harry that has two cents to scrape together.
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!
If thou treatest Satoshi's words as gospel, thou shalt at least read thy fucking white paper more carefully...
Title, abstract, and first paragraph:
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A Peer-to-Peer Electronic Cash System
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peer-to-peer version of electronic cash
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What is needed is an electronic payment system based on cryptographic proof instead of trust.
Note the curious absence of mentioning Bitcoin's purpose being a 'rock solid store of wealth with the sole desire to overthrow the JEWISH SHAPESHIFTERS' & SPACE LIZARDS' FINANCIAL OLIGARCHY' - ahem - I meant to act as "semi fungible high limit poker chips". I like that one.
Also note the absence of any thing like, "all aspects of bitcoin may be compromised so that maximum adoption is achieved." Satoshi never framed this as "the fastest and bestest way to send money for all people no matter how stupid or poor they are." Your quoted texts prove my point rather than yours; we need "cryptographic proof instead of trust." When it comes to the money supply, I don't want to trust banks; I don't want to trust governments; and I certainly don't want to trust developers!