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Title: [2015-12-29] Garzik & Gavin Andresen: Bitcoin is Being Hot-Wired for Settement Post by: LiteCoinGuy on December 29, 2015, 08:14:57 PM Jeff Garzik and Gavin Andresen: Bitcoin is Being Hot-Wired for Settlement
The proposed roadmap currently being discussed in the bitcoin community has some good points in that it does have a plan to accommodate more transactions, but it fails speak plainly to bitcoin users and acknowledge key downsides. The roadmap summary most relevant to bitcoin users is: Bitcoin is shifting to a new economic policy, with possibly higher fees. https://bitcoinmagazine.com/articles/bitcoin-economics-are-changing-1451315063 Title: Re: [2015-12-29] Garzik & Gavin Andresen: Bitcoin is Being Hot-Wired for Settement Post by: Denker on December 29, 2015, 08:52:42 PM How long will it take until the first come out of their holes and start complaining because paying a coffee with Bitcoin is becoming too expensive. :D
I think Trace Mayer is asking the right questions: Why do we hire Bitcoin? There are two economically reasons why people hire Bitcoin: 1.Monetary soreignty 2.Censorship resistance I recommend to watch this video if you haven't seen it already! https://www.youtube.com/watch?v=uHXfEJD6DUk (https://www.youtube.com/watch?v=uHXfEJD6DUk) Short but very important quote from the video: Quote For example, I was having dinner with Dr. Adam Back, Gavin Andresen and Greg Maxwell. I brought this point up, "Why do we hire Bitcoin?". And both Greg Maxwell and Adam Back said, "Monetary sovereignty". Gavin said, "Because when I make a payment, I feel good" Title: Re: [2015-12-29] Garzik & Gavin Andresen: Bitcoin is Being Hot-Wired for Settement Post by: Cconvert2G36 on December 29, 2015, 08:55:23 PM How long will it take until the first come out of their holes and start complaining because paying a coffee with Bitcoin is becoming too expensive. :D I think Trace Mayer is asking the right questions: Why do we hire Bitcoin? I recommend to watch this video if you haven't seen it already! https://www.youtube.com/watch?v=uHXfEJD6DUk (https://www.youtube.com/watch?v=uHXfEJD6DUk) When the fee is greater than the payment for sig spam... you might start |