Post
Topic
Board Bitcoin Discussion
Re: Poll: Mike H. Interview - Convincing or not?
by
brg444
on 30/09/2015, 19:24:35 UTC

Care to give me a single example of high cost luxury open code?  Roll Eyes


The 'if you charge a cunting fortune, they will come' theory is a prime example of the laughable unworldliness of some of the folks involved in Bitcoin.

I'm sure they'll enjoy charging the equivalent of $50 to send a few cents to each other. The rest of the world will carry on happily as before or go with a system that's designed to actually accommodate them.


Have to concur with this, bitcoin should not be "luxury", and brg44 is misrepresenting the outlook of the technologies he supports if that's what he really believes.

There's a balance to be struck. We've recognised that those fighting for BIP101 want that because it is unbalanced to one extremity, but any arguments in favour of actual exclusivity is clearly the inverse of the BIP101 misbalance. "Luxury" implies "not enough supply to meet demand", which is not desirable.

The block size cap is precisely to manage the supply in full expectation that all demand can not be met.

You're implying supply = demand - 1 notional unit of demand, and that's doesn't correspond with my idea of a "luxury" service.

What is your idea of a "luxury" service? Mine is one that makes no compromise (in this case security) just to appeal to larger mass of users.

This is pretty much in line with the idea of Bitcoin as a settlement network.