So potentially if millions of people all over the world buy Bitcoin infrequently (as a store of value), and hold for long periods of time, years or even decades, then the whole "transaction throughput problem" is overblown and over-hyped, is it not?
Since they won't be doing daily transactions with it?
Just like PMs. Nobody buys a silver coin just to turn around and try to buy a hamburger with it.
I think it remains to be seen if something on the order of 10 transactions/s will suffice at scale, I did say "may". |
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Let's start with this problem first:
"Why would I go through all the hassle and fees to buy Bitcoin so I can buy stuff with it (and then have to report the transaction to the IRS), when I can just use my bank account fiat and not endure any of that aggravation?"
The "store of value" proposition obtains here. There is currently no need to "buy stuff" given the evaporating value of fiat holdings. |
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One can only hope that the free market of ideas will allow a really workable solution to rise to the top.
Isn't that what's happening right now? Bad actors can only keep a really good idea down for so long. I remember there was this documentary from 2006 called "Who Killed the Electric Car?" Well, it turns out the answer is "nobody." We'll see... It may yet turn out that we have a transaction throughput problem with the current configuration, not to mention an L2 centralization problem. And no, I am not overlooking the chainsize/full node maintenance centralization problem of the alternatives. These problems, they need solving. |
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Quite the conundrum.
I get that, and I feel for you, their antics have to be disheartening. I don't have an answer. I have become increasingly agnostic on blocksize in a purely philosophical sense. I recognize that there are bad actors on both sides with vested interests and I have been working to immunize myself against their propaganda and name calling. This is NOT to say that I am in any way ready to throw in with either of the current train wreck forks, though I will now don my flamesuit prophylactically given the current venue. One can only hope that the free market of ideas will allow a really workable solution to rise to the top. |
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Well, to be fair, aussie man is pretty fucking disagreeable.
It would be way better for you guys if you could find a way to throw off some of these offensive personalities...just sayin'.
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I pray you die in infancy
I pray you laugh in the face of death
I pray you never forget that you are the spawn of the Dark Lord
I pray you become a Litch
I pray you have an insatiable lust for power
I pray you grow to dominate the Earth
I pray you learn to crush the feeble humans
?
I don't get invited to breeder parties any more...
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tldr; Bitcoin price doesn't just magically rise on its own. /rant
You quite sure about that Torque? I mean, I get your point, but golly if it doesn't seem like it sometimes. |
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Hot tamale for me.  Why is it that I think that is an euphemism? I bet you are Jim...I bet you are. |
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 needs moar lines |
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Wha'd I miss?
edit/ 58 pages...JSRAW?
whew...finally got through my backlog, you guys were pretty fucking boring actually engaging argumentative noobs and r0ach doesn't make for the best WO |
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Its OK in Holland.
and that kid is like Mum what the fuck?
lol
I live in Holland and this is not OK I don't know WTF is up with the old cow opening her bathrobe...gross... but those pussy sculptures, pretty sure I saw those in Stockholm in 1985...meh |
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The hearings in the USA senate banking committee about regulating crypto currencies start on Thursday.
what an amazing coincidence... |
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Any way, my weirdest drug experience was magic mushrooms which I only did once due to how fucking weird it was. I saw blue tweetie pies in the sky, I laughed at some ginger guy which I don’t even remember doing & he started a fight on me. I thought my friend was going to get run over by a bus even though it was really far away. Overall an all round horrible experience.
doing mushrooms in town...first mistake |
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I'm beginning to lose my patience with you, jiggy; are you able to have a rational, back and forth discussion without immediately going on the defensive and resorting to inflammatory accusations?
You are new here, aren't you. |
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FTFY jojo.
good call I get the crooks mixed up |
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Come on everyone! 2021, World bank announces addition of BTC to the basket of currencies underpinning the SDR. |
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(am I running out of words)
my suspension of disbelief is unwilling |
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You are taking NASA language LOL
The question is not "when moon". The question is what moon. |
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Guys, seriously...
We have been operating out of the Luna base for years now.
Development and consolidation of the base on Callisto is on schedule.
The successful probe to Titan in late 2017 was most promising, though it remains unclear if development of a base there will be necessary.
Personally, I think a probe to Triton is in order, establishment of a base there should provide us enough angular velocity for the interstellar mission.
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 You hold you win. simple What do you win ? Serious question. I've nothing against hodlers, but if you're a pure hodler, then the price shouldn't matter to you, should it ? 1000$ more, 1000$ less, what difference does it make ? pretty much |
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