Quote from: cypherdoc on June 15, 2015, 12:24:05 AM

marcus and his character assassins like to argue that Bitcoin should be a "settlement currency".

how can it ever be a settlement currency when it's use is currently confined to a small group of users? let alone when the Blockstream plan is to shunt the vast majority of tx's to SC's or LN preventing our transition to mining paid for by tx fees?

it's a ludicrous economic plan that will cause Bitcoin itself to wither and die. but when your business model depends on SC consulting fees it will be quite lucrative; in USD.

Spot on.

BTC needs to go through it's growth phases to get to it's ultimate destination. 1mb blocks doesn't allow for this to happen.

Their plan kills the network effect which leads to bitcoin integration. It's a direct threat to bitcoin maintaining and winning as "The Worldwide Ledger". Their activities are the greatest threat to bitcoin. A possible drop in nodes or their "centralization" threat is nowhere near as severe as them kneecapping bitcoin in it's race to global use and integration.

It was a no-brainer that bitcoin was going to come out on top and be "the blockchain". I'm not so sure anymore.

FNG

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