Quote from: r0ach on March 03, 2014, 06:42:34 PM

Yea, that's a great idea, leave block size as it is so you can cap out at 7 TPS and go nowhere. A limit like that could be reached within 1 year with people like Ebay, Amazon, etc signing on.

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I dont think its either practical nor feasible nor even desirable to use Bitcoin in the day to day dabble of pizzas, phone credits, hairspray and sneakers. People try to, because of the misguided belief that Bitcoin value is somehow related to or deriving from its crossection in the retail market. This happens to be completely untrue : you cant buy any pizza with SDRs, and yet that doesnt somehow make SDRs worthless. The belief itself may be a case of everything appears a nail to the man holding a hammer, in the sense that people who have never interracted with any other aspect of economy besides the supermarket counter may genuinely imagine thats what economy is. Still, that makes no difference.

On a third hand, from a technical perspective Bitcoin is neither designed to nor capable to support retail level transactions. The credit card processors (Visa, Mastercard, AmEx etc) cleared something to the tune of one billion transactions in 2010. At an average size of a very conservative 600 bytes per transaction that would have added 600 Gb to the blockchain. At roughly 1% of that for its entire 4 year history Bitcoin is already too heavy, causing serious problems for people trying to start a new client. Moreover the year of 2010 contained about 50k blocks, which at most may carry 1 Mb each : even if each block was full Bitcoin could have at most carried 10% of that sort of volume.

For the reasons noted and for many other reasons I am pretty much satisfied that Bitcoin is not nor will it ever be a direct means of payment for retail anything. You may end up paying for a months worth of coffee vouchers at your favourite coffee shop via Bitcoin (so shop scrip built on top of Bitcoin), you may end up settling your accounts monthly at the restaurant in Bitcoin (so store credit built on top of Bitcoin), you will probably cash into whatever local currency from Bitcoin (be it Unified Standard Dubaloos or Universally Simplified Dosidoes or whatever else) but all that is entirely different a story.

via Bitcoin prices, Bitcoin inflexibility.

Quote from: escrow.ms on March 03, 2014, 07:44:25 PM

Well, I agree with you.

They gave their silver membership seal (aka license of Trust and Promotion) to several sites, but when users got scammed, they did nothing.
For example: Inputs.io https://bitcointalk.org/index.php?topic=253675.0
It's still there : https://members.bitcoinfoundation.org/current

Oh btw, platinum member (mtgox) is not on the list anymore.

The most offensive part about this isn't that they STILL list stuff like GBBG, but the despicably silent way they go about removing the scams. Is BFL there anymore? No. The statement about how they pushed a scam and are sorry? Published the same place the reports were published. Gox is not there anymore? Whoa, the silence about it is deafening. Sort-of like bit scammers a la usagi or goat going through the forum and deleting their old posts pushing whatever random scam. Never happened, right?