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Title: Scaling Bitcoin is as ridiculous as scaling Wall St. so the whole world will fit Post by: BitcoinBarrel on March 24, 2017, 09:51:12 PM Would it be realistic for every person in the whole world to fit in the New York Stock Exchange trading floor so people can submit their trades manually themselves? Of course not, that is why you have 3rd parties to manage the so-called "dust transactions".
Say 1 BTC is $20,000 and 0.001 is $20. Sending $5 or even $100 may not be practical, but a low fee 3rd-party wallet for day-to-day spending is just fine. The real value will be in your "savings" aka your cold storage. If you modify BTC into an alt-coin it will be susceptible to more bugs, more issues, more security risks, etc... Bitcoin will gain MORE value over time if people leave it as-is, because the antique-ness of it will be sought-after. Owning the First Crypto will bring nostalgia, where-as anytime you change an original it loses value. Title: Re: Scaling Bitcoin is as ridiculous as scaling Wall St. so the whole world will fit Post by: jonald_fyookball on March 24, 2017, 11:53:11 PM Bitcoin will gain MORE value over time if people leave it as-is, because the antique-ness of it will be sought-after. Owning the First Crypto will bring nostalgia, Antiqueness and nostalgia are a niche market at best. I can't believe this is where we're at. What happened to the good old days of 'if it ain't Bitcoin, it ain't shit'. We're just going to roll over to ethereum because we can't decide how to scale? Tragic. :'( Title: Re: Scaling Bitcoin is as ridiculous as scaling Wall St. so the whole world will fit Post by: ekoice on March 25, 2017, 03:37:20 AM Would it be realistic for every person in the whole world to fit in the New York Stock Exchange trading floor so people can submit their trades manually themselves? Of course not, that is why you have 3rd parties to manage the so-called "dust transactions". Yes,bitcoin is unique and it should not be modified to lose its reality.If we allow to modify this time,in future,whenever other issues arise,it will be asked to modify and at last with lots of modifications,Bitcoin will be no more.Say 1 BTC is $20,000 and 0.001 is $20. Sending $5 or even $100 may not be practical, but a low fee 3rd-party wallet for day-to-day spending is just fine. The real value will be in your "savings" aka your cold storage. If you modify BTC into an alt-coin it will be susceptible to more bugs, more issues, more security risks, etc... Bitcoin will gain MORE value over time if people leave it as-is, because the antique-ness of it will be sought-after. Owning the First Crypto will bring nostalgia, where-as anytime you change an original it loses value. Title: Re: Scaling Bitcoin is as ridiculous as scaling Wall St. so the whole world will fit Post by: panju1 on March 25, 2017, 04:30:23 AM Would it be realistic for every person in the whole world to fit in the New York Stock Exchange trading floor so people can submit their trades manually themselves? Of course not, that is why you have 3rd parties to manage the so-called "dust transactions". Say 1 BTC is $20,000 and 0.001 is $20. Sending $5 or even $100 may not be practical, but a low fee 3rd-party wallet for day-to-day spending is just fine. The real value will be in your "savings" aka your cold storage. If you modify BTC into an alt-coin it will be susceptible to more bugs, more issues, more security risks, etc... Bitcoin will gain MORE value over time if people leave it as-is, because the antique-ness of it will be sought-after. Owning the First Crypto will bring nostalgia, where-as anytime you change an original it loses value. Wrong analogy. If Bitcoin is a digital currency, then everybody should be able to use it. All Americans still use dollars, don't they. That is one reason why Bitcoin is infinitesimally divisible. |