Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
hdbuck
on 27/05/2015, 15:29:49 UTC
Bitcoin is revolution and financial freedom, not a nifty gadget to put in retail points of sale.  If a guy in Venezuala (or Florida) can't be his own private bank by running a full node over TOR on a slow 5mb DSL line, this experiment has failed.

The experiment will likely fail if it the network is NOT upgraded and the limit eventually removed.  The limit has already been reached anyway.

no. and no.


Running a full client is ALREADY too resource-intensive for average Joe.  The blockchain.info model is better suited for average Joe.  That model has proven to solve the problem of trust in an environment where trust has been violated a majority of the time.  Average Joe will be his own bank with a simple web interface where he has full control over his keys.  

the average joe doesnt give a crap about bitcoin for all i can see right now.  
and its likely not to change in the short/medium term considering the averageness of their minds regarding economy or finance.
it would take a brutal shutdown of global finance, spoiling and bailing in their personal accounts for them to realize they've been duped (being polite here).

games and wine for the masses. not bitcoin.


edit: or fiat and drones apparently.. but still no bitcoin.