Quote from: Anders on August 04, 2014, 07:01:26 PM

Quote from: user528KD9 on August 04, 2014, 06:57:28 PM

Quote from: Anders on August 04, 2014, 06:43:57 PM

I would like transaction times of below one second. That would be very powerful. And I would like to have the coins stored safely on the block chain without me having to do cold storage myself or having to trust a third party storing the coins for me. And I would like to have zero transaction fees for all transactions. The price/performance of information technology is improving exponentially and having to pay for transactions feels like the old fiat systems.

Hi Anders, thanks. What do you think will be revenue for such businesses (payment gates) that won't charge any fees for transactions? Is it profitable and if not, are such businesses able to survive if everything will be free? What do you think?

As far as I know Bitcoin started with zero transaction fees. The miners earned 25 bitcoins per block in the beginning and over time that amount is reduced. It would perhaps be better to have the miners earn a fixed amount that remains over time.

I am pretty certain it was 50BTC per block at the start

3 Main Issues -

1.Older-Gen or Non-technical people find it hard to use and comprehend how to use.
2.Simple Security (Getting your BTC properly secured is a little complicated)
3.Adoption & Public Understanding