Re: Gold collapsing. Bitcoin UP.

Right, that would make sense until you realise in both cases (lightning and sidechains) these technologies need bigger blocks to scale.

But before they need to scale, they just might need some help convincing potential users they are even necessary at all.

I think it is obvious that:
a) without new technologies we will need 24 GB blocks. ( 10 billion transactions per/day )
b) current technology cannot handle 24 GB blocks (and will not handle any time soon)
c) with SC and LN bitcoin can stay decentralized and handle billions of TPS using small blocks (maybe bigger than 1MB but we are far from reaching limits of 1 MB blocks)

so why not let the blockchain scale and have the free market adopt your proposed SC and LN solutions as needed?

i can do even one better with a proposal i've made a number of times already.

lift the block cap altogether and we'll give them the spvp AND LN soft forks we know they desire and we'll see which one wins the market over.