Quote from: casascius on March 25, 2013, 10:34:38 PM

Quote from: Anon136 on March 25, 2013, 04:41:52 PM

cascius why not just make an exact perfect copy of bitcoin and call it bitcoin2 as soon as tx fees become a problem.

If each kind of bitcoin floated freely, it would be too complex for users to be useful, as well as costly in terms of friction exchanging between them. It's important that all the units be alike.

Quote from: yordan on March 25, 2013, 04:35:58 PM

Why not batch them just like credit card transactions? You get a middle that's willing to deal in hundreds of thousands of tiny transactions and then process them as larger transactions every X time period.

This suggestion is not relevant to the problem I'm talking about nor the solution I'm proposing. I notice on another thread you're asking how mining works. It is understandable that without a clear picture of how mining works and how blocks are formed, it's not clear why doing this won't help. Hang in there though, with Bitcoin there comes a lot to learn, and you've got the right kind of mind to be helpful.

Sure i understand this criticism and it is correct, i would just argue that the advantages of my proposal outweigh this very real cost. Your "solution" has costs as well, as you mentioned it wouldnt be decentralized in the way that bitcoin is. My suggestion is decentralized in the way that bitcoin is. i think both of our proposals are flawed but your flaw is over all worse than mine.

Also this legitimate criticism you bring up is one that would be solved by the market in time because there would be an economic incentive for entrepreneurs to come up with systems to lessen this "friction".