Quote from: traincarswreck on February 15, 2015, 06:46:58 AM

I suspect that if we somehow locked in 1mb, bitcoin would be super scarce and price would skyrocket? No?

To be clear, Price would not skyrocket, it will collapse when average block size nears 1MB, and remain collapsed the longer the 1MB limit is left in place. Left in place eventually another coin will take over.

Quote from: traincarswreck on February 15, 2015, 07:32:39 AM

It seems you didn't address my point/question. If bitocin has a small block size, like 1mb, it seems the price would be higher than for example and infinite size, or a really really big block size.

I suspect, although some would be upset that bitcoin couldn't be used for coffee, that a small very limited block size would be cause for a higher valuation in terms of price. All what you posted is good, but we can manipulate the value of each bitcoin, by making them slightly "harder" to transact no? If true, there may be an inherent difficulty in getting a consensus of a higher block size. I really really think, this discussion is very key.

(btw bitcoin isn't on their and it is 2015 and smart contracts, ethereum get released next monthish)

It is not on the chart, but if it were then it is still near zero on the y-axis. Other coins being released all the time means that standing still is not an option (and it is not happening as core dev are churning out releases).

Dooglus! Nice to see you in this jungle of a thread.