and also, let's build up (and continue to build up) our user base.
Not possible, Bitcoin is running at max capacity (250,000 tx per day). New users can only be added if existing users use Bitcoin less.
Maybe we can just agree to disagree? I think that you are just making shit up, when you are suggesting that bitcoin is running at max capacity,
Do your homework for once. Look up the number of daily transactions, and look up how many transactions on average fit into 144 blocks of 1 MB. (I don't dare to point to any source anymore, because you'll say they perhaps fake the numbers. So choose your own source.)
Why do I need to do any further homework than I have already done?
Because you still don't get it.
I have already asserted facts that are true, and that is that transactions are continuing to be processed in a timely manner and for very low fees,
Fact: users can only be added if existing users use Bitcoin less. You did nothing to assert anything that invalidates this fact. I didn't say anything about processing times or fees. You make things up.
so why are you continuing to suggest a problem when there is no problem?
Because your call to "continue to build up our user base" cannot happen without existing users using Bitcoin less.
Main questions are whether transactions are being processed securely in a timely manner, value is being kept secure and how much does it cost to transmit value in this system relative to other systems..
Can if adoption stalls.
Bitcoin remains way ahead of any competition for what it provides, which is decentralized immutability..
Will remain ahead if adoption stalls.
Where's the problem?
You called for building up our user base. It's one or the other. There's your problem.
and why would there be any burden on me to provide further evidence?
Because you can't have your cake and eat it.
Maybe this question of "maxed out" is a matter of perception, because I perceive bitcoin to be quite well functional and well under capacity,
I didn't say that the "functionality" is maxxed out (if such a thing even exists). Only the capacity. Which is maximum 250,000 transactions per day (1 block holds about 1700 tx, there are about 144 blocks in 24 hours). And the past half year there are about 200,000 to 250,000 tx per day on average. No perception here, just facts.
O.k... then your facts are a big so fucking what?
So fucking correct.
No need for me to repeat here what I have already asserted above in response to the early comment and in my earlier posts in this same topic.
You asserted other things.
I don't agree to disagree about facts. Now, are there on average 200,000 to 250,000 tx per day in during the last months or not? A simple 'yes' or 'no, look at this source here...' suffices.
I am suggesting to agree to disagree about the conclusion regarding the supposed facts and the extent to which the facts that you are presenting matter. If it is maxed out, so fucking what, there is no problem being created..
[/quote]
Ah, the first tiny step towards acknowledging that Bitcoin is running at (almost) full capacity.
transactions are still being processed in a timely manner and for a relatively low fee level.. furthermore there are additional innovations on the cusp of being introduced.. so where is the problem exactly?
Of course, you have to keep digressing. A simple yes or no is too much to ask JJG.
And what are you suggesting to be the solution exactly?
I am way past suggensting anything to you. I'll stick with the cold hard facts. It's tough enough to let you understand those.
Are you suggesting that this supposed problem that you are asserting is interfering with adoption in any kind of significant and material way?
Wow, sure! If all transactions are used, new transactions can only take place if other are not. Amazing, isn't it?
Are you suggesting that bitcoin prices are being held down because of such a supposed problem?
No, I fiercely resist making any suggestions. Still.
What is the problem, exactly?
That the user base cannot grow unless the existing users use Bitcoin less.
The burden is on you to describe the problem
And a burden it is. How many times did I describe the problem already? I lost count...
rather than on me to describe why there is not a problem
I didn't ask you that. I only asked for a source showing the number of daily transactions is less than 200,000-250,000 transactions per day (i.e. full capacity).