Quote from: Dissonance on August 18, 2015, 04:32:53 PM

Quote from: meono on August 18, 2015, 04:12:12 PM

Quote from: LaudaM on August 18, 2015, 04:02:31 PM

Well this is just a theory, but there is nothing wrong with discussing it (I will not comment it though).

The block size debate is about taking over control. It's about either putting the trust into the hands of the Core developers or Gavin and Hearn. The question is who do you trust?

You dont have to trust anyone because this is not your president election.

How many times do i have to repeat this so your brain can digest?

If the fork happens, its because the economic majority's decision. Bitcoin is governed by economic incentives. Or else we would not have bitcoin today.

If you're not happy with the way bitcoin goes, you can switch to any altcoins as you pleased.

I urge any noobs to remember, what is Bitcoin's "intrinsic" value ?

Hint: there is no such thing as intrinsic value of bitcoin!

Intrinsic value is a buzz word that nobody seems to understand. People say gold has intrinsic value because it can be used for things but does anyone beleive that if everyone in the world decided to stop using gold except for industrial purposes that its current price would still be supported. ofcourse not because the price of gold would crash to almost nothing. Intrisic value doesn't save you from price declines.All instrinsic value means is the asset's value won't goto 0 because it has a use.

With bitcoin the instrinsic value is again its use case. If people use bitcoin to transact it has value just like paper currency has value because people transact with it. The backing of a government does not create the value of currency its the adoption by the public. If you don;t believe me look at the zimbabwe dollar for proof of a government backed currency that has no value because its citizens did not transact in it.

Ding ding ding! and when the economic majority speaks up , open your ears wide open!