?? You're confusing me with Cypherdoc and claims on hashfast?


@iCEBREAKER:  while its true of course that black markets have a high margin and so therefore can handle high transaction fees, my honest hope for Bitcoin is that it allows every person to "be their own bank".  I hope that it is not solely useful as currency of choice for criminal activity due to high transaction fees.  That betrays the promise of crypto-currency (IMHO)

RE: sidechains and Lightning  -- these are vaporware right now, and I have seen too many 100million dollar startups fail due to a great vaporware story.  Products have failed because they promise V2 with all these features, so people choose to wait rather than buy V1.  But if you rewind this thread about 6 months you'll see that I was an avid supporter sidechains and lightning. 

Even if the technical details are a slam-dunk, the organizational details may be problematic.  We don't know if individual companies will be backing these functions and therefore be pressure points and behave just like CoinCafe has done for the completely legal action of posting an ad on Backpage -- that is, block it due to fear of litigation.  There is TREMENDOUS power in a 1-hop (no intermediary) peer to peer network with no "sponsoring" company.  The political pressure attack surface is basically zero.


Its unfortunate that certain people can't see the wisdom of reasonable scaling until we are certain that these issues work themselves out in a manner the protects an individual's inalienable right to property and the transactions that implies.

I'm agreeing with you that the stress test was in general a success.  I mean some people had 12-14 hour txn waits (according to reddit posts), but in theory wallets will now be changed to suggest fees dynamically.  But this was a very static situation -- the spammer was issuing txns at a well known fee so it was easy to outbid him (if you read reddit and knew what was going on, which you know most casual users won't do).  But the the point of the spammer was to fill blocks, NOT to get his txns IN a block.  However, the situation will be VERY different when there is sustained 110% demand by people who need their txns in a block.