You seem to be attempting to posit an erroneously unsubstantiated and seemingly.. nonfactual and grossly subjective statement regarding JayJuanGee's understanding, or,

 rather, lack of understanding, of personality traits and/or idiosyncratic attributes typically associated with..         and customarily attributed by the ill-informed mainstream media journalists who lack erudition and verve in psychointelectual sciences to individuals of high intelligence quotient currently contributing to the antifragility of cryptoeconomic echosystem in disruptive and/or groundbreaking manner, or have done so in recent or, possibly even distant past.


You sound seemingly self-absorbed, bitter, internally contradictory.. a disposition which is and has been in the past, consistent with a person who would have compiled seemingly self-absorbed, bitter, internally contradictory disposition into an assemblage and/or verbal construct such as a seemingly self-absorbed, bitter, internally contradictory internet forum post.

Fun quiz:
Everyone knows the inventor of bitcoins, Dr. Wright.
Do you know who invented the USD?

http://s32.postimg.org/f70gfjv39/joo.jpg

Dig those walls on stamp   452 moonshot incoming?

 Hi, I'm Troy McClure. You might remember me from such self-help videos as "Smoke Yourself Thin", and "Get Confident, Stupid.".

So "entire Bitcoin fandom"?

This is how I've always pictured Satoshi <3

https://picklinginhispresence.files.wordpress.com/2010/02/mma-ninja-jesus-3.jpg

Whoa. Seven years in the gulags for using bitcoins in Russia?  And all Bitcoin companies in Japan will now have to comply with AML/KYC?!
Can this day get any worse?

Back on topic: anyone think 440 will hold?

Irrelevant? If Dr. Wright is really Satoshi, my life is a lie!

Lord, this is awful! It's already all over the mainstream news! WHY IS THIS HAPPENING, LORD? WHY?!

http://s32.postimg.org/nf89va6j9/Capture.png

@BitUsher: Faithless blasphemer! Thou shalt not tempt the Lord thy God!

Oh God ohdod oh GOD!!! Tell me it's not true! Our coin created by a bankrupt conman?!
If THIS isn't the final nail in our Bitcoin's coffin

http://s32.postimg.org/6lj5d8rth/Capture.png

Someone hodl me?

Roach's GF? Ewwww!!!!  Eww eww EEeEeeWWW!!! To each his own, I don't judge :-

http://www.betterphoto.com/uploads/processed/1007/1002070519061roaches-mating.jpg

Yup. And you know what's funny? Someone must have voted *today,* because the number of votes (on the winning selection) has gone up by one.
*That's* how badly people need to be right

^^
We blew it again, gentlemen. By a huoooghgeee margin.
How about that good cry now, Meuh6879?
BTW, I lied. No humble pie for you, not before you finish that crow that's been in the fridge since the last time you failed.

^^
The history of all hitherto existing society is the history of class struggle!

http://s32.postimg.org/fdl5k62cl/justice.jpg

Can we still make it, gentlemen? Or shall I start serving that humble pie now?
Maybe light some scented candles and cry, like we always do?
Doesn't that sound good?

http://s32.postimg.org/ueq8fytsl/Capture.gif

It ain't gonna be pretty, OP, won't lie...

The positive side of Visa is that it *could* handle nontrivial number of micropayments, while Bitcoin couldn't.
Being able to do a job vs. not being able to do it is considered a plus IRL

3tps sustained (or 5, or 7 peak, won't quibble) is simply not enough. This is what Bitcoin is capable of now. Not a question of modem speeds, simply how many transactions could be reliably included in a 1MB block. Saying "when we will need 100 transactions per second, then there will be 100 per second" is ridiculous -- that's what the whole scaling/blocksize debate is about, the thing that made Mike Hearn, Bitcoin's ex-lead programmer, say that Bitcoin is a failed experiment & quit

There are currently two lines of thought re. scaling: Classic and Core.

Classic team is proposing a temporary fix: double the blocksize limit now, doubling the number of transactions currently possible. This would work, but has (justifiably) been called "kicking the can down the road" -- 7 (or 14) transactions per second is still laughably small for a serious payment channel.
For perspective:
"In 2010, Visa was handling on average around 2,000 transactions a second, with a daily peak rate of 5,000 transactions a second. During busiest season of the year it peaked to 11,000 transactions a second (Dec 23)1. In 2010 they had burst capacity of 24,000 transaction per second with no degradation of transaction quality."
And, of course, scaling Visa is trivial -- add moar data centers.

Core team feels that Bitcoin couldn't (and shouldn't) scale. Instead, they're banking on another network -- the Lightning Network, being built *on top* of Bitcoin.
Then, people could start transacting on Lightning Network, relegating Bitcoin to being a settlement layer.

Of course, this is a clumsy solution for many reasons, not the least of which is this: Lightning works like a gift card, not cash.

Before Alice can buy a cup of coffee from Bob via Lightning, Alice must decide how many cups she is likely to buy from Bob in the foreseeable future, and pay for those all those cups. Like buying a gift card. Alice would have to  create such payment channels buy such gift cards from every person or business she pays via the Lightning Network.
TL;DR: While a credit card lends you a sum of money (for free) to buy stuff & sends you a bill at the end of the month, Lightning will make you pay that bill in advance, *before* you could spend a penny of it. No thanks.

---

But you're right, this is getting way off topic & too many tangents. If you feel like moving this to some other thread, PM me and I'll follow

Edit re. 40%: Sorry, my mistake, it's "Europol said that, according to its data, bitcoin accounts for as much as 40% of criminal-to-criminal payments online" http://www.coindesk.com/europol-bitcoin-european-cybercriminals/
Still, quite a slice, considering the number of BTC transactions vs. ...oh, PayPal transactions (which account for only 25%)

No, it's money that *you* want the internet to need. Probably because holding a bagful.


Bitcoin does not allow micropayments, it's already the leat efficient micropayment channel. what kind of a micropayment channel charges five cents to send a penny shaving? What kind of a micropayment channel can handle *3 TRANSACTIONS PER SECOND, MAXIMUM SUSTAINED"?


No. You can transfer bitcoins abroad. Then the recipient has to sell those for actual money. The trick is difficult, that's why so many remittance cos went belly up.
You need to buy shit abroad, use your international CC


So those underserved living on < $2/day have internet and computers/unlimited 4G on their iPhone contracts?


Err... Right, weren't we talking about bypassing AML/KYC? Yeah, we were, and now you're listing it as one of bitcoins' advantages.


Well no, bitcoins is helping it, that's what we're talking about. Yes, you can do khrrymez without bitcoins, but bitcoins makes shit like ransomware and extortion a hell of a lot more practical. That's why 40% of all interweb crimez involves bitcoins