Quote from: marky89 on August 31, 2015, 06:02:03 PM

Quote from: knight22 on August 31, 2015, 05:48:12 PM

Quote from: Holliday on August 31, 2015, 05:31:24 PM

A lot of people on this forum act like there are no trade-offs in life. Can we have censorship-proof money that scales like VISA? Probably not. So mainstreamers better be careful what they ask for.

Why scaling bitcoin would make it be less censorship-free?
One can also argue than having to pay 100$ fee just to send a transaction is a form of censorship and exclusion. Anyhow, bitcoin is much more than just censorship-free money.

Well, how would you define it? For me, bitcoin's value is in being a decentralized, transferable token in limited supply. Essential to maintaining that definition is robust network security (and by proxy, a strong emphasis on consensus).

Do you believe that at no point, exponential scaling might result in serious threats to a) decentralization, and b) network security? Keep in mind that bitcoin has never scaled beyond a 1MB block limit (of course, on average it is nowhere near reaching this limit to begin with), and BIP 101 suggests scaling 8000x.

You can also add permisionless programmable money in your value set.

Of course infinite exponential growth is unrealistic, dangerous but also unneeded. We only need exponential growth during the adoption phase then stabilization. I think the risks of centralization is overblown. There is an incentive by market participants (individuals and businesses) to run full nodes for a fairly cheap price. To give the market a predictable growth also gives it the opportunity to come up with scaling solutions as running full nodes. https://bitseed.org/ is a good example of that. Im all in favor to give the market the opportunity to solves every technical problems that will arise with scalability. Saying it is impossible is as bold as saying the byzantine generals problem was impossible to solve or the internet was impossible to scale.