I plan on using Bitcoins as a convenient, very-low-cost means of exchange. I don't plan on saving a significant number of Bitcoins as a store of value.
He then goes on to compare hoarding bitcoin to
hoarding dollars or euros or yen
Some people, like Gavin, don't care about bitcoin's value proposition. They just see it as a payment channel. That's okay, but I strongly disagree.
I actually was looking for an alternative to E-gold where I could bypass the insane restrictions of PayPal when I discovered Bitcoin.
It was and still is just a way to transfer money across borders without restrictions. At the time, I'm not sure anybody was expecting this current Bitcoin value. So I tend to agree with Gavin's views on this.
You seem to be a guy who bought 30,000 Bitcoins for $30 who wants to hoard coins until they reach an extreme value. An excellent way to
hopefully achieve this is by supporting Blockstream which will bottleneck and throttle Bitcoin transactions between users with their 1 MB cap until only the bigshots with long pockets that can pay exorbitant fees will control the Blockchain.
Eventually this will ultimately force the adoption of blockstream by the rest of the Bitcoin population and will also allow members to file disputes or ask for refunds with their new reversible transaction platform. No doubt, this will encourage mainstream mass adoption as with PayPal and the value of Bitcoins will surge upwards to unprecedented levels, where you Sir, will start cashing out your Bitcoins and become the new, wealthy Elite.
It is a great idea, I must admit to it and I am all for it as I would probably benefit as well albeit on a much smaller scale.
In conclusion, all I'm saying is, Gavin's idea is probably to follow Satoshi's vision and will probably scale without problems very slowly. However, although Blockstream is
NOT Satoshi's vision, in my opinion it has the ability to scale a lot more rapidly but first it
MUST create an artificial 1 MB problem in order to achieve its vision.
Let's face facts...a 2 MB block would render Blockstream unnecessary for another couple of years!