This is the dumbest sentence I've ever seen on this forum.  The burden of proof isn't even on others to prove increasing throughput increases value, the burden of proof is actually on you to prove that bitcoin has any value whatsoever as a settlement network and that 4 TPS would somehow allow it to fill this role.  

I've already explained numerous times why bitcoin has zero value as a settlement layer:

1)  It has built-in rent seeking middlemen (transaction validators) and doesn't remove counter party risk since you're always relying on all kinds of external parties to facilitate transactions

2)  Alternatives already exist before the creation of bitcoin that are far superior for settlement such as gold and silver that actually do remove counter party risk and don't have built-in rent seeking middlemen

3)  Network effect assumes infinite scalability, which bitcoin doesn't have.  Trying to force everyone onto a highly scaling constrained system with giant fees is a pro-usury stance

4)  Due to the above , bitcoin has a reverse Schelling point where there's huge incentive to fork or use a different system rather than pay extortion usury fees.  Low scaling = inveitable rough consensus attack/split.

5)  Bitcoin is a currency and not money.  The value of a currency is entirely based on transaction flow, not stock (how much commerce it can facilitate by scaling)

6)  The greater fool theory only works if other people actually need what you have and nobody needs an imaginary "virtual commodity" when they can just create their own.  They do however need things like silver.  Cornering the market on bitcoin doesn't actually give you any type of power over others, while cornering real commodities like oil or silver does.

Segwit turned into "sellwit" just like it did for Litecoin on release date.  Ironcially, both were probably pumped by the exact same Chinamen.

Funny how you keep spamming this nonsense of calling metals a "barbarous relic" while all other 999 million people in your country of India are buying metals like I am.  You can be the one single guy in India with no gold or silver! Someone might even put you in an insane asylum for having such views there.

Millenials have...zero money lol.

If such a thing as the "mark of the beast" was actually real, I'm sure a lot of cucks in the west will take it, but it has around zero hope of spreading worldwide so you can always go somewhere else.  Does it look like you can force the "mark of the beast" on the Chechens for fucks sake?  The national pastime is pretending to be rambo:



You would need to nuke all of Russia and all kinds of other groups to make it happen.  Which is probably exactly why the evil Jews who have taken over the US govt are attempting to do exactly that.

The market cap of above ground silver and bitcoin is similar now.  Bitcoin is no longer some cheap penny stock.  The US gold vs debt chart with 92% correlation shows gold will hit at least $2200 in the next bull run, which would bring the GSR to 30:1 or lower ($73 silver).  Bitcoin would need to hit $12,000 to compete with that almost guaranteed silver upside in the near future.  

But that's a very conservative number for just a stable market situation.  In a real crisis situation and rush to hard assets, gold would be more like $5000 and $166 silver or more.  Or a government metals revaluation of gold to $10k and silver to 1:15 ratio of astronomically high numbers like $600 silver.  Bitcoin would need to be able to hit $100k each to compete with that possible silver upside.  It will never happen.  Big corporations will just create their own scamcoins and try to force people into them and the crypto market cap will be divided up between 50 different coins (also due to poor scalability and high fees), unlike the metals market where you can't just "invent" a new gold or silver and are forced to buy the real thing.

He's not stupid, he knows there's 900+ craptocurrencies and there's more incentive to create your own new pump and dump like Ethereum rather than be forced to buy someone else's already cornered scamcoin.  There will always be a market incentive to create new coins as well rather than people paying $5, $10, $100, or $1000 transaction fees.  The greater fool concept only works if people actually need what you have.  

If Elwar corners all 21 million bitcoins, guess what?  It doesn't mean anything to me.  I can just ignore him and go on with life and use metals or create my own craptocurrency to bypass him.  If I corner all $40 billion or so of above ground silver, you don't get to bypass me since it's actually a non-virtual good that's used in lots of things.  A "virtual commodity" as a concept definitely ranks up there as one of the biggest economic scams of all time.

Michael Pento says metals will have broken all time highs by late 2018 and bitcoin useless:

https://youtu.be/U3qHMPgYy4c?t=1432

Not really.  He was into metals with Rpietila before bitcoin and then sold them all so he's terrified that they will go up in price AGAIN after he dumped them at the worst time possible (like $4 oz silver).

What are people's opinion on Mernero as a form of usury?  It seems pretty evident anything with a static blocksize (such as BTC) is a usury racket in practice, but I'm not sure if the overhead from triple entry accounting allows dynamic block size and on-chain scaling to defeat this paradigm or if it would just balloon until failure of some type:

Lol?  While it would be inconvenient for a few people, I fail to see how such an action would be "evil".  If anything, trying to force the entire planet onto a single blockchain with extremely limited scaling would be the evil choice since it's inherently PRO-USURY.  I'm not a religious person, but what's the only time in the bible Jesus got violent with people?  Flipping over the tables and kicking out the usury Yids from the temple.

If you weren't a lying scammer solely trying to pump your own investment, you would logically pick the "non-evil" solution to be everyone dumping the fuck out of any currency with limited scaling and built in rent seeking, usurious middlemen (meaning all cryptocurrency), and purchasing gold or silver instead.

Yea, that's the sci-fi channel explanation.  Force is the only valid consensus mechanism and everything else is meaningless, unless you can figure out some way to stop 4 grams and 1800J of energy with words.

More illogical nonsense.  Government is a monopoly on force.  Do you not know what the fucking word monopoly means?  If they want you to use dollars, worst case they just shoot you if you use something else.  Everything revolves around how much resources they're required to spend to stop you.  It requires VERY FEW resources to lock down the internet, exchanges, and mining pools to stop bitcoin, while it takes several orders of magnitude more resources to run a police state in the real world and prevent people from using metals.

Your claim that central banks have to "invent" a more competitive form of money than other alternatives in the market is shockingly dumb.  Government is a monopoly on force.  The banks took over the government.  They are not here to "compete", they are here to use force to scam you.  There is no "competing" required besides deploying a larger amount of force than you can.  Any random fool on this forum knows that.

The purpose of bitcoin is regulatory arbitrage and that's why even though bitcoin is completely centralized it has not failed yet.  Being decentralized is not a requirement of regulatory arbitrage.  For past examples see Liberty Reserve or Silk Road.  Being a centralized regulatory arbitrage network is an untenable position in the long run though, as can be seen by the fate of those other attempts at regulatory arbitrage in the past.  Mining pools and exchanges are a stupidly large attack vector so anyone can shut this centralized nonsense down whenever they want to.

Of course it doesn't work.  It's value is supposed to be based on decentralization yet it's completely centralized.  You make this buffoonish statement that it "works" just because there are entities trying to pump and dump it. A pump and dump does not validate something.  

Does "chaincoin" work just because someone pump and dumped it from 5 cents to $6 before it crashes to nothing again?  Everybody knows bitcoin completely failed at what it claimed to be set out to do.  Right now it's sole reason for existing is regulatory arbitrage - avoiding the legal system.  It's not actually required to be decentralized to accomplish that goal.  For example, bitcoin's centralized money laundering operation precursor:  The Liberty Reserve.

https://en.wikipedia.org/wiki/Liberty_Reserve

The people who claim Szabo is Satoshi are the real joke, because of his actions being willing to work on the R3 banker scam Ethereum, it would also mean that if he's Satoshi then bitcoin would also probably have been released as a govt/banker backed scam (aka how to make a mint).

If he was a credible person before, he's not anymore after working on an R3 banker backed IPO scamcoin called Ethereum so you can stop pretending he's god now.  You're from India where people worship authority figures and the state, so it's kind of obvious how your behavior is playing out where you constantly feel the need to cite some authority figure as the word of god without being able to put 2+2 together yourself.