I was inferring from cypherdocs earlier rejection of change (to eg support more tx/sec or other features that an extension mechanism would allow) that he prefers even the hoarding/large investor with few transactions type of bitcoin use over actual trade.
Thats also why I forwarded the link to David Krawisz's article as he argues that it is investors that drive network effect, and trade is following; rather than value driven by trade.
Another alternative future is where an altcoin grows due to offering easier extensibility than bitcoin. That maybe moderately unlikely given bitcoins network effect and huge lead, but its perhaps a risk. I think those are the main things to consider in a tradeoff analysis.
Thats also why I forwarded the link to David Krawisz's article as he argues that it is investors that drive network effect, and trade is following; rather than value driven by trade.
Another alternative future is where an altcoin grows due to offering easier extensibility than bitcoin. That maybe moderately unlikely given bitcoins network effect and huge lead, but its perhaps a risk. I think those are the main things to consider in a tradeoff analysis.
Adam, you've been selectively reading my posts
in no way do i want to prevent innovation esp in the area of more tx's, anonymity, or anything related to better performance. i merely want them to occur on MC so as not to disrupt mining incentives unpredictably and to avoid what i believe are dubious economic assumptions that could hurt Bitcoin overall. and so as not to disadvantage those of us who invested with those assumptions in mind.
Greg's post over on Reddit, i thought, was highly illuminating. he believes with the 2wp that volatility from trading will be reduced. nothing is further from the truth b/c there will be trading on exchanges in fiat terms. you may argue that arbitrage will take care of that but i don't think so as the scBTC market will be extremely thin and subject to manipulation with unlimited amounts of fiat (by a bank) along with the time delay of at least 2d (which is an eternity in Bitcoin world).
there is also no evidence that any of the altcoins are gaining on Bitcoin. i just put up a graph of Litecoin and Mastercoin yesterday that show they are dying compared to Bitcoin.
as for Daniel's video, you're late, as i already posted about their podcast and commented on it 5d ago here:
https://bitcointalk.org/index.php?topic=68655.msg9945975#msg9945975