By "us" you mean you and iCE? oh, I almost forgot the cuddly but distinctly more inept hdbuck.

That's a really good question, but I'm glad people are pumping now as it allows me to divest with lower cost. Don't worry though. I'll buy back in probably when a scaling solution is implemented, assuming I haven't found a better altcoin by then.

If you don't want that "complete destruction" you mentioned, you'd be wise to help ensure that there isn't something better by supporting improvements to the protocol.

I get his point and i watched until the end, but i think he is wrong. Buying btc/blocks from 0x address is like buying non sequential bills at a premium. Or collection piece coins. They are all perfectly fungible. What a weird word.

Regardless if you do a purchase online and you need to pay 0.69BTC' it doesn't matter if it come from coins with no previous history or if its the most used, whore-y coin ever.

Monero feels left out? Your Stannis smashing compatriot seems to be rather enthusiastic about its prospects.

Ok, so humor a retard, Einstein. what's wrong with the comparison? What make a four billion dollar first mover advantage so insurmountable in a world where WhatsApp gets sold to FB for 19 billion?

Bitcoin is not a stock. I was really hoping you were linking to someone
a bit smarter than you so we could get a convincing argument on this.

But no.

I do not necessarily think that fees are to low since the block reward is still high and adoption is still relatively low. I would agree with you however that I would not want to see this cap artificially hinder adoption. Which is really the primary scenario I would want to avoid, where the blocks became consistently full causing transactions to become unreliable and prohibitively expensive. If you can agree with that then we are not really in disagreement.

Dash? Monero? (less traceable) Bitshares? (much much larger transaction capacity, built in smart contracts, etc) Should I go on?  Network effect didn't save MySpace.

Using Bitcoin disempowers the current status quo. Bitcoin enables peaceful revolution through co opting of the currency and blockchain technology. The current banking system through quantitative easing acts like hidden taxation and further enables governments to wage wars and other draconian policies, while also increasing inequality. The use and adoption of cryptocurrencies can circumvent these structures of centralized power. I can explain in much greater depth the political potential that Bitcoin has, however let me just say that the changes that it can bring for our civilization are profound to say the least. It was my interest in political philosophy that drew me to Bitcoin initially once I realized its great potential.

To answer your other question, I personally use it to transfer value between myself and people I know, like family and friends. Recently I had somebody help me with building a website and I sent them Bitcoin for that as well. I am also a miner so I have purchased most of my equipment using Bitcoin. I have bought beers at bitcoin meet ups, and other computer components online. I accept Bitcoin at a brick and mortar store I am involved with now, however admittingly we have not had a lot of customers use Bitcoin at our store.

In the Netherlands where I am living at the moment there is a food delivery network that accepts Bitcoin so when I order take aways I almost always pay with Bitcoin, and I do consider it to be faster and more convenient in this case, the website uses BitPay as its payment processor, I have a big TV screen where I do the order on and then I pay with my smartphone using the Airbits wallet, it works very well.

https://www.thuisbezorgd.nl/en/

There are other use cases like remittance and black markets for example. The Wikileaks case is also a good example of an important use case, in short Wikileaks got its funding cut by visa, paypal, mastercard ect. Wikileaks started accepting Bitcoin as an alternative way to receive funding, this was in 2011. This is a good example of how Bitcoin enables more financial freedom through its transactional capabilities.

Using Buying Bitcoin disempowers the current status quo.

With a market cap supported by hundreds of people lining up to buy popescu pesos... 1MB blocks will be plenty, believe me.

It's not MY idea of "legitimate" that is relevant. That's why I used quote marks. You didn't really respond to my argument. I had the same problem with the Seasteaders.  a successful floating anarchotopia would not withstand a  Mark 48 torpedo after the media reported that some floating prostitutes, druggies and gamblers were laundering money for terrorists. You can't beat these assholes playing by their rules. You need human shields. You need the damn Walmart shoppers.

“At some point you wonder whether there will be a shortage of financial institutions willing to take on these balances,” said Kelli Moll, head of Akin Gump Strauss Hauer & Feld LLP’s hedge-fund practice in New York, saying that where to hold cash has become an increasing topic of conversation as hedge funds are shown the door by longtime banking counterparties.

So that's your answer? criminals? A network that is useful only to criminals will get isolated. the on-ramps and off-ramps are vulnerable.  I'm an anarcho-capitalist, so I could give a fuck if bitcoin is used to buy drugs or launder money, but I also have to live in the real world where the State takes a dim view of such things and has the means to discourage them. There is safety in numbers and a small network makes the users more of a target than a large one with lots of "legitimate" clients. Ever think about that?

As many times as you've quoted me, you've never refuted my argument.  You know damn well I wasn't being literal, as I've repeated many times. But yes, the hodlers are the owners as the bitshares network make more clear by having a less confusing name for the trading tokens.  

How many coins you got, Fucktard? Are you an owner or a miner employee?  Who do you think buys those coins if not people like me? Who do you think is going to use a hobby network with a 7 TPS capacity when the transaction costs (currently around $4) go unsubsidized? Hell, even ACH is cheaper than that.

I answered your question, now you answer mine. If I'm not buying space on the blockchain when I'm buying bitcoin, what am I buying?

For some things Bitcoin is better, and I am ideologically motivated. So i like to use Bitcoin as much as I can because I am aware of its potential to change the world. There are many legitimate uses for transacting in Bitcoin, after all one of the advantages of Bitcoin as a commodity is that we can send it across the world over the internet, unlike gold for example. Transactional capability and use cases are important for Bitcoin as it strengthens its value proposition as a commodity and as a currency.

I'm not pushing XT specifically. Not even Gavin and Hearn are doing that. Sure, I would prefer BIP101 to BIP100,  but it's not even clear that we'll get ANY scaling solution and certain people are being manipulated by powers that don't want any scaling solution to be implemented.  

What is clear is that the argument that small block size prevents centralization is a bogus argument.  Routing around the xaction limit reintroduces trusted third parties.  These smallblockers are not defending the true decentralized vision of the project. Just the opposite is the case.  They want to take power away from the end users (the customers) and give it to the employees (the miners). Whether or not the owners (hodlers) like that idea is going to be reflected in the charts.

Easy. 1/21,000,000th of the whole chain.  I answered your question, now you answer mine. If I'm not buying space on the blockchain when I'm buying bitcoin, what am I buying?

Nope. I get one twentyone millionth of the whole damn chain. 4 eva. If you think that's too much, then perhaps you are selling your coins too cheaply.

If I'm not buying blockspace when I'm buying bitcoin, then what the hell am I buying?

Question: Why don't you use your credit/debit card instead of BTC. Any online and offline shopping by using credit/debit cards is free of charge. Cheaper than that you cannot find

buying stuff with BTC, regardless of price, is convenient way to convert BTC to cash for those who wish to do so.