Quote from: figmentofmyass on February 20, 2019, 07:55:19 AM

sad but true---check out the speculation board. lots of guys in there have delusions about how wall street works. they think it'll be a mad dash to buy up all our bags lol! i've tried many times to talk about the effects of paper bitcoins and rehypothecation but it all seems to fall on deaf ears.

Some guys are so desperate to believe Bitcoin is going to make them rich that they desperately will cling to the idea that anything Wall Street and legislation will do will increase the price. It's a mix of statism and bias confirmation.

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i'm pretty sure the question of increasing block frequency was put to rest years ago. it would increase transaction throughput, but at the cost of increasing orphaning rates and increasing the inflation rate.

Increasing block frequency doesn't have to result in inflation. We can have a block every 5 minutes with 1 Bitcoin reward instead of a block every 10 minutes with 2 Bitcoin reward. I think it's absurd to think Bitcoin is forever going to remain with the 2008 technology when data transfer, data storage, and computing power are all increasing drastically over time.

When everyone is eventually walking around with a phone that has 1000 TB of storage and a download rate of a 1 GB/second, it will sound absurd to use 1 MB blocks every 10 minutes. When that will happen is a different story.

I do know that not 25 years ago it was unthinkable to send an email with a picture attached. That would have melted the entire internet. The capacities we will have in 10 years are difficult to imagine today.

Everyone raves about 4G data for their phone. What will 20G be like?