Honestly, I was thinking to use the Bitcoin network for a project, and concluded after some thinking that the numbers of transactions I needed would be to high for me to believe in the network to take my transactions (kind of contracts)
So I would have to rely on my network.
Bitcoin is for reference, not to be used to store to much data on blockchain, the smalest it will stay, the more resilient it will stay
What are today transaction per second for gold market ? maybe we should target this.
And continue to work on side chains or other merged solution, including using proofs from bitcoin network, without writing into it
So you wanted to start a project, but you cancelled it because the network couldn't handle the high number of transactions? Imagine that there are a lot of people that would want to start various projects or more important various
services, but can't because the network doesn't allow them a high transaction number. That's why we need 20MB blocks. Internet got popular and useful for everyone when we were able to access different services on it. It will be the same with Bitcoin. We just need to allow stuff to happen!
Why do you compare Bitcoin with gold? What's the logic behind that? Did Satoshi mentioned anything about Bitcoin and gold? I'm not aware of that reference. That's again
your view about Bitcoin which is a personal and distorted view of Bitcoin. Bitcoin should be neutral just as the Internet and it should be available for everyone, not just to the highest bidders because
you or
anyone else wants it that way!
Yes sidechains will help, but we don't know how much space in a block will the Sidechain need so until we know that it's useless to make assumptions about them.
I didn't cancelled it, my conclusion is that it would be nice that my project don't rely on miner including my project's transactions in blocks to feed bitcoin blockchain, but I should make my own blockchain for my own purpose. You don't have to put everything on bitcoin blockchain, not everything need proof of work, and not all chains are important as bitcoin blockchain.
We still have time and must find a better fix than the current one IMO
Gold is kind of base money, like bitcoin, it holds value, but isn't transacted so often. For me, best analogy to bitcoin is gold.