Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
Hey Tok,
Just pulled this post from over in the "Wall Observer BTC/USD - Bitcoin price movement tracking & discussion" thread which I keep tabs on but don't post in. Someone made a facetious joke (in the very small text) about Bitcoin still being okay even though it only handles 3 transaction per second and then this maybe-luminous/maybe-ignoble post appeared.
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.
What say you?
Just pulled this post from over in the "Wall Observer BTC/USD - Bitcoin price movement tracking & discussion" thread which I keep tabs on but don't post in. Someone made a facetious joke (in the very small text) about Bitcoin still being okay even though it only handles 3 transaction per second and then this maybe-luminous/maybe-ignoble post appeared.
Anybody worried about this yet?
Thanksflat earth 1MB maxblocksize aficionados!
Thanks
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.
What say you?