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1  Economy / Speculation / Who is going to catch this falling knife? on: June 22, 2016, 10:40:46 PM
Just hit $600... come on, who's going to catch it? Any volunteers?  Cheesy
2  Economy / Speculation / Re: Up to 35000 bitcoin delays what will happen with the price? on: June 16, 2016, 12:38:19 AM
It's called you're a moron because in any system with no minimum transaction fee, the blocks will always be full even if you raised block size to 10 gigs.  All that matters is what the price to get included in a block is, but no blockchain is suitable for microtransactions in the first place.  Even with 10 MB blocks, all small transactions would be pushed off-chain onto things like the shift card or second tier solutions like Lightning Network.  It will never be economical to do microtransactions (buying a pack of cigarettes) using a blockchain.  Blockchains are only suitable for high value transactions or settlement layer.

This guy gets it. A lot of people don't. They expect Bitcoin to be their anything and everything. Wow what a great job it does at exactly what it is designed for. Wow what a great job second-tier systems will do at low-cost microtransactions.
3  Economy / Speculation / Re: The Great Bitcoin Rally of 2016 on: June 13, 2016, 01:59:59 AM
The revolution has begun! Yeehaw.  Cool

("The Great Bitcoin Rally of 2016" has a nice ring to it.)
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