Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
cypherdoc
on 27/05/2015, 15:54:56 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.

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. 

yes, the avg Venezuelan doesn't care about running a full node.  he cares about reliable, cheap tx's.  sad thing is, if we stay at 1MB blocks, he might never know about Bitcoin.  and he certainly will never learn about the more complex concept of digital gold.