Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
klee
on 03/09/2014, 10:58:35 UTC
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.
This is NOT decentralised though - problem is that we need micropayments in a networked economy and BTC is hostile for this.