Eventually Gavin Andresen sees blocks getting to 100MB+, with tens of thousands of transactions per block. See
http://gavintech.blogspot.com/2015/01/twenty-megabytes-testing-results.html and
https://docs.google.com/spreadsheets/d/1CuOEM9uwO5w-RwWGCCZpVGVFwhHHHegxJZqTP5KyapI/edit#gid=0.
After giving it some thought, I came up with a scalable architecture that supports billions of transactions per day.
Specifications of this strategy:
The blockchain will automatically become much more anonymous than Bitcoin is.
Fees per transaction will be very, very low. Let the micro-payment revolution begin.
Zero-centralization
Scalable to billions of transactions per day
Requires a 2-tier network
Very low blockchain bloat
I make no promises about this idea working though, Im very early in the research stages, but it does look quite promising. If it works, it means we have solved the ultimate problem with Bitcoin and have made this technology accessible to the whole world. This strategy is just too good to let sit for very long and I need to do some exp