Post
Topic
Board Bitcoin Discussion
Re: Reversion to the mean
by
sgbett
on 07/10/2015, 20:30:09 UTC
Aha! The dynamic duo trying to bring the conversation right back around to exactly where they want it!

You can continue that conversation on your "xt is rekt" thread. I'm not really that interested in 'reasons why smallblocks' I already said that people will use whatever reasons they can to justify there preconceived opinion (just as I might do). However, You are still falling foul of this....


Concerns about centralisation are being used as a way to justify not increasing block size.

The common theme is that in both cases these are just hypothesis. They are predictions of the future and they are fragile. brg444 said something on reddit earlier about Taleb's black swan, and how humans are bad at predicting. So lets assume that in both the statements above "concerns about X" are likely to be invalidated by a black swan event.


A fee market doesn't help adoption, its a barrier to entry. Its the *opposite* to helping adoption.

You two can keep posting night and day about what you think is going to happen, but what will actually happen? that is another thing. When that black swan hits, everything you've argued turns to dust.

This is the essence of antifragile, to be wrong day after day, at a small cost. When the day hits that you are right, thats when the payoff comes, because doesn't matter how many times you post #REKT that one black swan will erase all of them.



A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.