Post
Topic
Board Development & Technical Discussion
Re: How a floating blocksize limit inevitably leads towards centralization
by
MoonShadow
on 22/02/2013, 21:16:21 UTC

10a Use cases for Bitcoin decrease as more transactions types become economically not feasible
10b New investment in Bitcoin decreases as potential use cases decrease
10c Additional integration into Bitcoin decreases
10d Network effects decrease value in Bitcoin
10e BTC / USD drops



Ask Friendster what happens when you can't f'in scale. Anybody remember Friendster?

And this is exactly why some of you guys shouldn't be so hostile towards out-of-band transaction systems, even if that results in some degree of localized centralization.  For that matter, member2member transactions on MtGox is localized centralization, but does not imply that MtGox suddenly has some special power over the Bitcoin community.