Quote from: AnonyMint on September 03, 2014, 10:57:29 AM

Quote from: solex on September 03, 2014, 10:55:49 AM

Quote from: AnonyMint on September 03, 2014, 10:50:17 AM

Quote from: solex on September 03, 2014, 10:47:42 AM

Wary.
Don't forget that SatoshiDice started in April 2012 and kept growing until it was doing about 70% of the volume a year later. Each bet was a transaction pair in the blockchain, and some people were even using bots! Fee increases and SD internalization got rid of most of its volume by about July 2013. So the growth since then is much more of a "real world" business flow. Still, some spam-like volume coming from betting sites.

One person's doggie poop is another veterinarian's GDP. Imo, when we start killing txs, we've lost the plot (of the internet paradigm).

The tx's weren't killed. They were internalized within SD, off-chain, how it should have been done at the start. GDP remained and SD was sold for 120,000 BTC.

Fair point, but I will counter that if there are real txs where parties can trade their balance with any other person in the universe, then off-chain is not the same jungle nor the same network effect.

Nailed it!