Quote from: iamnotback on March 29, 2017, 05:21:21 AM

Quote from: traincarswreck on March 29, 2017, 05:07:44 AM

The problem is that there is no such future for an investor regardless of longterm. If bitcoin is to move in the direction of an optimal medium of exchange then eventually it will need to peel away from its digital gold quality as an inflation hedge. There will be pressure to devalue it. The reason there is little adoption of bitcoin right now is the steady increase in value encourages savings and not spending, its NOT because of the block-size problem.

The belief that you can raise the transaction per second to create a better investment for yourself is assbackwards thinking by people who don't have the ability to think beyond 1 level.

I am going to throw you another curve ball. What if the amount spent on transactions is very tiny compared to the savings piled into investment, but the economic value of those transactions is orders-of-magnitude more valuable than the investment in the tokens. This is very possible. Observe me show you how it is done with my project OpenShare.

Quote from: iamnotback on March 29, 2017, 05:41:40 AM

Quote from: traincarswreck on March 29, 2017, 05:36:37 AM

Quote from: iamnotback on March 29, 2017, 05:21:21 AM

I am going to throw you another curve ball. What if the amount spent on transactions is very tiny compared to the savings piled into investment, but the economic value of those transactions is orders-of-magnitude more valuable than the investment in the tokens. This is very possible. Observe me show you how it is done with my project OpenShare.

Why would someone spend or part with something that is increasing in value?

What part of trading miniscule transaction amounts for much larger value did you not understand?

The curve ball is that the value exchanged in non-fungible, i.e. isn't directly monetized. For example, paying 0.1 BTC per month to be able to publish your academic papers. The value enabled is much more than the value transferred monetarily. Now imagine blockchains open new markets of value which didn't exist before. Voila! Bitcoin destroyed. Watch it happen.