Quote from: knight22 on September 06, 2015, 02:47:14 AM

Quote from: brg444 on September 06, 2015, 02:46:29 AM

Quote from: knight22 on September 06, 2015, 02:40:51 AM

Quote from: CIYAM on September 05, 2015, 05:12:20 PM

Quote from: LiteCoinGuy on September 05, 2015, 05:05:21 PM

iam pretty sure people will think again when they have to pay 1 USD for each transaction Wink

Why?

The masses cannot use Bitcoin for buying coffee (it simply can't scale for that) and even the increased blocksize idea in XT would not scale up to the same size as something like Visa for many years (so even if XT became the main chain it won't be replacing the current payment systems for many years if ever).

So the only txs that most are going to make are going to be larger ones where 1 USD per tx might not be much at all (especially compared to something like Western Union).

The most logical area that Bitcoin can *own* is remittance and anyone thinking otherwise is just not looking at the reality.

I think it makes the most sense to first take on remittance and get rid of the ridiculous fees that are having to be paid currently in that area (how about we solve that first before worrying about people buying their coffee with Bitcoin?).

So basically you are suggesting to get rid of all the companies that got into bitcoin for other things than remittance? We should tell people to outright stop investing and innovating on top of that open network because we don't really want it to be THAT open after all because we fear it cannot scale while in fact it perfectly can?

Meanwhile some people are expecting that somehow a massive amount of nodes (thanks to the artificially kept small blockchain) will be run on a network that nobody can really use but a few niche areas.

This makes absolute no sense to me.

Get rid? No.

We should just be realistic and tell people it isn't conceivable nor desirable to put all their transactions on the main chain.

Bitcoin will scale using payment channels, side chains & off chain services so that we can guarantee the robustness of the foundation layer

You didn't address my point at all.

Which is?