Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime
does adoption have anything to with price? I seriously doubt it. hype is what drives it and that's gonna continue being the case for a long time.
You have no clue if you are concluding that hype is the only thing that drives bitcoin price. Sure, hype is a factor, but adoption is another factor, and there are other factors as well, so hopefully you can reconsider your current thoughts about the bitcoin price situation...
the main driving force behind price is poeple willing to speculate that bitcoin will continue to grow
how can we do that when we KNOW there can only ever be 1MB.
1MB is a good number...
... The thing is that we already have enough coins... So I would say the right choice would be to try to be anti-productive and go full retarded masochistic.. 
what if nintendo would have said that?
Dude... in the short term an increase is maybe a good idea... but in the long term we need to come back to 1MB ... 0.512... etc
*Edit: Maybe I exaggerated with with 0.512 ... but I think 1MB it is pretty good for the next 20-30 years... It gives enough incentive to nodes... And miners need to be persecuted as well a bit..
*Edit2: I also believe that the mass scale use of bitcoin in today's crappy infrastructure development... A solution would be to peg 0.00000001 Satoshi for now to copper coins... and them pegged to silver and maybe go towards gold... but the problem there is the more expensive the metals and more likely to be attempted a counterfeit scheme .. so yeah... I would stick to 1MB and the lower Satoshi numbers to be dealt in some kind of physical money (like copper).
*Edit3: At the actual value... Yeah... to be honest everyone can carry like 10-20$ of copper coins. (especially since it is very devalued right now and it will sky rockets soon... meaning that 10-20$ value of 100grams of copper would rise to lets say 50-100$)
*Edit4: ... I mean... who the f**k is going to counterfeit copper??
... (and even if someone would try.. the amount of billions of tons they would need for those cheaper metals would still be worth something... at least more than the worthless paper... )