Quote from: illyiller on August 13, 2016, 11:07:06 PM

Quote from: molecular on August 13, 2016, 07:21:58 AM

Quote from: wpalczynski on August 12, 2016, 10:47:22 PM

The whole KimDotCom filesharing service based on BTC micropayments will hopefully drive adoption and price.

at least Dotcom has realized one thing: without solving scaling, there can be no further sizeable adoption.

I'm not sure that Dotcom has solved micropayments, though.

Also, not entirely sure that's true. It just depends where the demand is going from, and what kind of demand there is from miners to continue holding. In other words, investors in digital gold aren't concerned a bit about 15 cent fees to get in the next block. I can't imagine who cares about paying 15 cents for a bitcoin transfer confirmed on the blockchain, but there are some crazies out there.

This is not the place for this discussion. I'm sure dotcom has _not_ solved micropayments, at least not without some centralizing component. And bitcoin as the "store of value" and some other coin(s) for transactional purposes just does not make sense. The lowest friction money (with all the other important properties in place) will win and if bitcoin is too expensive (or impossible) to transact, there will be derivatives based upon it with lower friction (including the danger of fractional reserve, which I presume to be the _reason_ for stifling bitcoin on-chain growth) and also competing cryptos with lower friction will threaten it's unique position.

In other words: bitcoins value (also the speculative part) stems from its utitlity as a low-friction censorship-resistant transactional network. If you take that away, the value will follow down.