Re: Poll: Mike H. Interview - Convincing or not?

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Either you have fantastic resources, gimp your node like I do, or are extremely optimistic. Do you keep track of the bandwidth your node currently uses with the 1mb spam limit in place?

I guess I'm extremely optimistic but as I said, I don't really mind if I won't be able to run a node at some point. Why should I care anyway? The cat is out of the bag and if bitcoin eventually become too centralized and allow censorship then I'll just move to the next uncensored blockchain just like I will do if the bitcoin blockchain doesn't scale enough.

Why do you need to kill Bitcoin? Why not just move on now before it is ruined?

Because there is still no economic incentives to do so, but its coming. If bitcoin is killed it's because it will become irrelevant.

Bitcoin has the mindshare to succeed in some use-cases and to some degree indefinitely. It will only be 'irrelevant' if it fails to live up to it's promise as a reliable and trusted vehicle for storage and transfer of value. The most likely way that will happen is exactly as you seem to be anticipating...centralization and censorship. And the most likely way that will happen is if it outgrows it's potential to be supported in a hostile environment.

Reliable also means stay competitive in a competitive environment so it can also fails without centralization and censorship. Bitcoin can't afford to stay behind the curse too long in terms of scaling capacity and competitive fees.

Quote from: tvbcof on October 01, 2015, 04:02:50 AM

I am very confident that this is exactly the goal for certain influential and well financed elements of the ecosystem at this time.

Who do you have in mind?