you can't call me a noob. and you probably came after me.
what you're missing is that Bitcoin is money born from the internet, by the internet, and for the internet. it works on the same principles; it can route around damage. and a key tenet of it's ability to do that is that it is located widely in different jurisdictions round the globe. even if the US shutdown the internet, it would survive worldwide and the US would be back groveling in a few days wanting to get back on. especially after pressure from the financial institutions.
Bitcoin needs to have the same architecture and be spread worldwide to all corners of the Earth for maximum self preservation. it can't do that if we hamstring it where it is now with just 1MB. any idiot can see that.
you want it to be a SOV. it has the potential to do that. but it won't happen if you force all tx's offchain to centralized entities, SC's included, that can shut anyone's acct down. this requires increasing the block size. all the core devs "say" they want that but they've been dragging their feet for 3y.
as for digital gold, it won't happen if only 0.001% of the global population ever hears about it, let alone uses it. an African kid will never accept Bitcoin as digital gold as he can't touch it, feel it, carry it in his pocket, weigh it, or wear it. thus, he will need to be able to transact with it and be able to analyze that it does in fact not increase in supply. we know that he will have the tools to do this as fiber optic lines are being laid across Africa as we speak. $10 Android phones are now available and soon 21 and phone makers look prepared to practically give away mining phones to grab market share. but they have to be able to transact with Bitcoin in a reliable, cheap manner. only then will they appreciate Bitcoin as a gold substitute.
what you're missing is that Bitcoin is money born from the internet, by the internet, and for the internet. it works on the same principles; it can route around damage. and a key tenet of it's ability to do that is that it is located widely in different jurisdictions round the globe. even if the US shutdown the internet, it would survive worldwide and the US would be back groveling in a few days wanting to get back on. especially after pressure from the financial institutions.
Bitcoin needs to have the same architecture and be spread worldwide to all corners of the Earth for maximum self preservation. it can't do that if we hamstring it where it is now with just 1MB. any idiot can see that.
you want it to be a SOV. it has the potential to do that. but it won't happen if you force all tx's offchain to centralized entities, SC's included, that can shut anyone's acct down. this requires increasing the block size. all the core devs "say" they want that but they've been dragging their feet for 3y.
as for digital gold, it won't happen if only 0.001% of the global population ever hears about it, let alone uses it. an African kid will never accept Bitcoin as digital gold as he can't touch it, feel it, carry it in his pocket, weigh it, or wear it. thus, he will need to be able to transact with it and be able to analyze that it does in fact not increase in supply. we know that he will have the tools to do this as fiber optic lines are being laid across Africa as we speak. $10 Android phones are now available and soon 21 and phone makers look prepared to practically give away mining phones to grab market share. but they have to be able to transact with Bitcoin in a reliable, cheap manner. only then will they appreciate Bitcoin as a gold substitute.
90s Extropian/cyberpunk here. I didn't miss money being born from the internet in the form of Bitcoin, I've was waiting and hoping for that to happen my entire early adult life.
Bitcoin has already "spread worldwide to all corners of the Earth." Its_happening.gif was 2011. We are now in the future we dreamed of.
GavinCoin threatens to scour Bitcoin from those far flung corners, such as Lukejr's neighborhood in Florida where only 5mb DSL exits.
GavinCoin will also exile Bitcoin from TOR, etc, which are also critical far flung corners for users, full nodes, and miners to occupy for the sake of the system's self-preservation.
You keep selling this fear of 1mb Bitcoin dying alone and unloved except by her (cryptonerd) cats. But all the non-Gavin core devs and I will not buy it.
We all agree the size should be raised "eventually" as Satoshi foretold.
But now (or Soon) is not the right time. We need studies, simulations, and (most importantly) actual empirical feedback from persistent full blocks to best determine how and when to proceed with altering the 1mb parameter.
This nonsense of plucking magic numbers from the (Pointy-headed) CEO of Bitcoin's ass is not acceptable.
You, Hearn, and Gavin have succeeded in panicking the Redditards into a frenzy of "ZOMG BITCOIN IS GOING TO DIEEEE!!1!! SOMETHING MUST BE DONE!!!1!! QUICK DO IT NOW!!1!" hysteria.
That's why we've been advised by the incomparably redoubtable Nick Szabo to CALM. THE. FUCK. DOWN. AND. THINK. INSTEAD. OF. DRAMA. QUEENING:
http://www.reddit.com/r/Bitcoin/comments/356twp/nick_szabo_zooko_pwuille_gavinandresen_infinity/