Quote from: slaveforanunnak1 on August 22, 2015, 06:34:18 AM

Quote from: dooglus on August 22, 2015, 06:28:38 AM

Quote from: JorgeStolfi on August 21, 2015, 10:08:18 AM

You own a bus company and you are losing money because you have 1 bus, only enough customers to fill 60% of its capacity on average, and 20 employees with fat salaries in an expensive rented office. You are charging 1 $ of fare, but you are spending 200 $ for each passenger that your carry. However passengers are increasing and by next year you know that you will have to leave passengers waiting for hours at peak hours and times. What would you do to fix your financial situation:

(1) get a loan from the bank, buy another 7 buses and hope that somehow it will be enough

(2) raise the fare to 200 $ per passenger

(3) wait until next year and then let the passengers negotiate the fare with the driver by a blind auction on the platform.

(4) fire all employees except 1 driver and 1 mechanic, close the main office and move to a back-office in the garage

(5) file for bankruptcy protection.

You forgot the obvious 6th option:

(6) Increase the size of your bus so it holds 8 times as many people. Then regularly double the size of the bus and keep doubling until it holds 8000 times as many people. It probably won't be able to fit on the existing roads, but don't worry about that; Moore's law says the roads will probably double in size every 18 months. Or something.

He also fails to mention that in his analogy, they can increase the size of all buses in few days Tops! they've demonstrated this before actually! so, we'll have long lines for a day or so and now BAM!! we have bigger buses to accommodate new passengers in 48 hours. Otherwise you're going to split the fucking bus in two incompatible sections and risk everyone's lives.

If Bitcoin were a new type of bus, it would be one that can take its passengers anywhere in the world, in complete security, in about an hour. $200/ticket is well worth the premium over the shitty Greyhound Fiat alternative.

Of course this new bus will be very popular, so the most fair and efficient way to distribute tickets is through market pricing mechanisms.

Those priced out of the Bitcoin Bus will whine that it should be made 20 times larger. That's obviously a stupid idea, so they will backpedal to an 800% increase.

The problem is that the roads, bridges, gas stations, mechanics, etc. cannot safely handle such an absurdity.

To be feasible, Gigabuses would need to have infrastructure reinforced with Rearden metal, and roads widened to the size of runways.

And thus, the peasants' desire to trade security for adoption is met with indifference/hostility/scorn from the people who matter.

Luckily for everyone, other companies are completely free to use the technology of the Bitcoin Bus (the blockchain engine) to build their own better buses.