Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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rolling
on 07/07/2015, 05:23:19 UTC
Quote from: JayJuanGee on July 07, 2015, 05:11:27 AM
Quote from: rolling on July 07, 2015, 04:52:09 AM
Quote from: shmadz on July 07, 2015, 04:34:18 AM
Quote from: Cconvert2G36 on July 07, 2015, 04:16:25 AM
Quote from: Sitarow on July 07, 2015, 04:02:46 AM
Quote from: Cconvert2G36 on July 07, 2015, 03:39:15 AM
Anybody worried about this yet?



Thanks flat earth 1MB maxblocksize aficionados!

Nah...



A Peer-to-Peer Electronic Cash System*

*A limit of less than three transactions per second occurring on planet earth may apply.

Bitcoin is not here to compete with visa. It's not here to make banking better, it's not about buying coffee or micro payments or any of that crap. It's not about mass adoption.

 It's about monetary freedom.

If three transactions per second is not enough, then there will grow an ecosystem of alt coins to pick up the slack. We will see exchanges grow that allow for easy transfer of value from one coin to the next and through this multi-coin environment, we can scale without limit.

There is no solution for one chain to hold all the transactions. Any proposal that suggests compromising the security, integrity, or distributed nature of bitcoin in order to gain some kind of imaginary "adoption" is an attack and should be treated as such.



Can someone please explain this to Gavin and the other "Scientists"?

I have a sense that Gavin and some of the other like minded scientist are attempting to discuss bitcoin by use of less disruptive terms in order that BTC seems less threatening to the status quo.

Not the monetary freedom part but they have to realize that every cup of coffee and micro transaction on the planet can't possibly and shouldn't be kept in the blockchain.