But the OP is not proposing an absence of a block size limit. This is a straw man argument, and the fact that it's the second time you've made it, means you're being disingenuous.
But there IS a block size limit. It's only going to be bigger, but not infinite.
Increasing the limit to avoid raising fees is in effect asking for no limit, as the reason for the limit is to ensure sufficient fees are paid. What maths are required to prove that 20MB limit = no limit?
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My though was to use other chains for daily payments, those where I don't mind to put trust in some service providers.
And the amounts I want to be the only one to hold keys would stay in Bitcoins. so amounts would vary depending on individuals
So money to use, some shit mastercard or dollar coin, and bitcoin for saving, like gold in a more convenient format.
I have commented before why I don't like this idea. It has to do with exchange rates. For example, I have a bank account, but also have bills in my wallet and change in my pocket. If all these were different currencies, it would be a pain in the ass to know exactly how much money I have. What if I want to withdraw from an ATM? How many Billcoins are my Bankcoins worth? If I buy a coffee and pay with a Billcoin, how many Changecoins will I get in exchange?
Everything should be the same currency, and Bitcoin is capable of handling microtransactions. I don't understand why people say the opposite.
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so bitcoin fails because humans do?
Obviously. Without humans, none of the technology we're developing makes sense, and thus it would have failed. Note that this is not exclusive to Bitcoin.
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When people propose other chains for “small transactions”, I still have the doubt, what IS a small transaction? Who decides that?
the free market decides that OK, so even if we have two chains, I can still decide to make my microtransactions in the Bitcoin chain.
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We mustn't try to include worldwide transactions in the blockchain
Why not? I think that's the ultimate goal (even if a little unrealistic at this point). Because Bitcoin cannot scale at this size as far as I know. We would end with a blockchain hosted by google So let's have a robust main chain, and use other technology for smaller amounts (but even for this chain, 1MB is not enough) When people propose other chains for “small transactions”, I still have the doubt, what IS a small transaction? Who decides that?
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In absence of a block size limit,
But there IS a block size limit. It's only going to be bigger, but not infinite.
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Existential development could subdue “economics” (R2D221) and render it “nought.”
Even if you were right (which I don't think), that wouldn't happen over night and we would still need economics for many years to come. And as such, this proof still does nothing to explain supply and demand of other concepts of economics.
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We mustn't try to include worldwide transactions in the blockchain
Why not? I think that's the ultimate goal (even if a little unrealistic at this point).
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Hyperreality (whereof, possession is an element) is characteristic of a more primitive sentience.
I still don't get how this relates to economics at all.
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Please don't change my question marks.
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Yes: “Monkey see, monkey do.”
What??
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How does this mathematical theory serve as a predictor for the human action of supply and demand, which directly impacts the price?
If earthly humanity could reach the point of proving that hypothesis, it would transcend “supply and demand” (Possum577). But, would it explain it?
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When you check your balances one day and all your precious coins are stolen what will you do?
Buy back in? Suicide? Never make another post? Unsubscribe to /r/bitcoin?
and whose fault will it be? bitcoins? or yours?
You surely have never had money stolen before. To propose suicide as an alternative to this scenario is way too extreme, unless you already suffer from depression. The reaction to stolen Bitcoins should be the same to stolen dollars: call the police for them to investigate, and continue working to continue earning more money.
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That is not true, Windows 8.1 is not officially offered on the medium of floppy discs. Those discs are not genuine.
Are you telling me I just got scammed? </sarcasm>
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Did you cry as much about the upgrade from 32bit to 64bit operating systems?
Or from 1.44 MB floppy disks to 200 MB CDs?
I'm still using floppies, I don't know why anyone would think they are obsolete. But I still need to upgrade my operating system, so I think this will be a long night.
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The real question is: Does ANYONE know who he is, or is he truly anonymous? It's conceivable that his family, co-workers, or project contributors know who he is; it's also believable that he is the only one who knows his identity. I can imagine LOTS of people developing software and working on a project where no one else really knows what they're working on.
C'mon, seriously? The core developers know who he is. The first venture capitalists know who he is. Ask Andreas. Ask Gavin. Ask Garzik. But they won't tell, or will they?
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Finally you make some sense. Good bye, for the third time.
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at least not climatechange
Do I need to spell it out for you? a·nal·o·gy/əˈnaləjē/ nounnoun: analogy; plural noun: analogiesa comparison between two things, typically on the basis of their structure and for the purpose of explanation or clarification. "an analogy between the workings of nature and those of human societies"•a correspondence or partial similarity. "the syndrome is called deep dysgraphia because of its analogy to deep dyslexia"•a thing that is comparable to something else in significant respects. "works of art were seen as an analogy for works of nature"•Logic a process of arguing from similarity in known respects to similarity in other respects. synonyms: similarity, parallel, correspondence, likeness, resemblance, correlation, relation, kinship, equivalence, similitude, metaphor, simile "there's a thinly veiled analogy between his fiction and his real life"
antonyms: dissimilarity •Linguistics a process by which new words and inflections are created on the basis of regularities in the form of existing ones. •Biology the resemblance of function between organs that have a different evolutionary origin.
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Person who claims we should argue with facts and not opinions uses memes for their arguments.
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