Quote from: franky1 on January 12, 2017, 11:35:13 AM

Quote from: RealBitcoin on January 12, 2017, 11:15:32 AM

Quote from: RavenDothKnow on January 11, 2017, 07:12:30 PM

Much of the debate surrounding bitcoin's scaling problem seems to stem from two different visions of what bitcoin should be right now: a store of value or a peer-to-peer digital cash system. Both sides agree that in the long run both of these properties should be met, but the question is: Will bitcoin hold value even if TX throughput does not scale soon or do we risk losing our first mover advantage if bitcoin is not able to fulfil its promises as a peer-to-peer cash system soon.

I would love to hear some arguments from both sides of this debate

As long as China has monetary problems, I dont worry about Bitcoin, since that is the main source of cashflow into Bitcoin.
But as a global vehicle for wealth storage. Well, first you have to get these smartasses to listen to you.

what if i was to blow your mind and say that OKcoins 30k volume is not actually 30,000 people exchanging 1btc once. or 1person exchanging 30,000 coins once

what if i told you it was just 100 people exchanging just 0.3btc each ...1000 times a day

How do you know that fore sure? There are many exchanges, and in the chinese exchanges, there are mostly chinese people trading.

Looking at the volume of 1,609,323.75 BTC daily, I hardly doubt those are all bots.

Who the heck would do 1000 trades / day? Even if you run a bot that is absurd.

Maybe there are a handful of market maker bots, but the rest are just probably young chinese guys trading 1-10 BTC with their savings.

The chinese are known to be big gamblers, and they also spend a lot of tech items, so its easy to assume that there are probably tens of thousands of chinese trading 1-10 btc.