The users free shit army wants fast confirmations and low fees, and they don't give a damn who pays for it, nor do they care if it erodes the very thing that makes Bitcoin uniquely useful, and therefore valuable, in the first place!
FTFY!
Holliday, I respect you, but I think this idea that Bitcoin can be Gold 2.0 without first establishing widespread use is one of the dumbest ideas in the whole debate.
Scarcity alone doesn't provide value. (e.g. Tulip Bulbs)
The security model doesn't work either imo -- kind of like how tax revenues go down when you raise the tax rate, because the base just shrinks.
But hey, we'll see. I've been wrong before.