P2P Cash or Settlement Layer?

[Lauda]

AFAIK bitcoin was created as a p2p cash in the first place and i hope in the future it gets closer to this purpose, and i think it can get there too if the number of users increase and the volatility decreases.

That's a rather complex problem (volatility) that is not directly related to the debate. Bitcoin should be able to always accommodate new users; as long as it continues functioning the same way that it does. The problem that we can run into is that suddenly 1 million people (arbitrary number) want to buy Bitcoin and create 1 TX in a day. This would create a 'heavy' backlog because the system is only able to handle 3 TPS at the moment. This is why we need everything (to be ready and prepared):
1) Segwit
2) Block size increase
3) Lightning Network
4) Sidechains
The network should not have backlogs unless it is under attack, else I don't see how it could be considered 'P2P cash'.

[Quickseller]

http://arstechnica.com/information-technology/2016/02/moores-law-really-is-dead-this-time/

Moore's Law is dead and has been so for some time already (so anyone using that as a basis for anything to do with science must be clearly hoping for miracles).

Perhaps Santa Klaus will also be a key factor in the future?

I don't think that I agree with the conclusions of that article. There was an article in the Wall Street Journal (paywall) that said that it was believed that the interval for Moore's law might be slowing to something closer to ever 2.5 years:

“The last two technology transitions have signaled that our cadence today is closer to 2½ years than two,” Intel Chief Executive Brian Krzanich said during a conference call with analysts to discuss second-quarter results.

Reality check. Moore's Law is bullshit, proven false (as if it were ever scientific). LOL try again. Do you realize that Moore's Law didn't actually apply to bandwidth? It regarded processor speeds, or overall processing power. And again, it's dead, finished, irrelevant so the point is moot. Take your "technology gets better, don't worry!" talk to the kindergarten class.

Moore's law applied/applies to how many transistors can fit on a chip, however the principles behind moore's law generally apply to other kinds of technology as well. Moore's law is also generally accepted to be slowing, but is far from dead. On a cost (to the consumer) per unit basis, technology has been increasing at an exponential rate for decades, and I do not see any sign of significant slowing down of this growth. 

AFAIK bitcoin was created as a p2p cash in the first place and i hope in the future it gets closer to this purpose, and i think it can get there too if the number of users increase and the volatility decreases.

That's a rather complex problem (volatility) that is not directly related to the debate. Bitcoin should be able to always accommodate new users; as long as it continues functioning the same way that it does. The problem that we can run into is that suddenly 1 million people (arbitrary number) want to buy Bitcoin and create 1 TX in a day. This would create a 'heavy' backlog because the system is only able to handle 3 TPS at the moment. This is why we need everything (to be ready and prepared):
--snip--
2) Block size increase
--snip--

Quoted for reference.

[exstasie]

Reality check. Moore's Law is bullshit, proven false (as if it were ever scientific). LOL try again. Do you realize that Moore's Law didn't actually apply to bandwidth? It regarded processor speeds, or overall processing power. And again, it's dead, finished, irrelevant so the point is moot. Take your "technology gets better, don't worry!" talk to the kindergarten class.

Moore's law applied/applies to how many transistors can fit on a chip, however the principles behind moore's law generally apply to other kinds of technology as well.

LEL. Applies how? Why?

On each of the last three trips I took to California (~ once per year), the number of cockroaches I saw doubled. I've concluded that the cockroach population is doubling every year, and therefore that they will eventually take over the world. This is called Exstasie's Law.

This is the "science" of Moore's "Law."

Moore's law is also generally accepted to be slowing, but is far from dead. On a cost (to the consumer) per unit basis, technology has been increasing at an exponential rate for decades, and I do not see any sign of significant slowing down of this growth.

Your mindless opinions mean the world to us all. So what are we waiting for? Someone upgrade Quickseller from "signature spamming scammer" to "bitcoin developer"...STAT!!!

[pooya87]

what i want is for the price to reach a level and stays there no matter what the price is, so i would love it to become as it was intended meaning P2P cash and i am hoping for a day to see all payment processors like PayPal disappear with their rules and be replaced by bitcoin.

until that day i am taking this opportunity to make as much profit as i can from trading bitcoin and the volatility.

[Lauda]

Quoted for reference.

No problem, as long as you use the other 3. My statement stands and I wouldn't be the first one who said something like this.

On each of the last three trips I took to California (~ once per year), the number of cockroaches I saw doubled. I've concluded that the cockroach population is doubling every year, and therefore that they will eventually take over the world. This is called Exstasie's Law.

This is the "science" of Moore's "Law."

Exactly. I have no idea why people without relevant/adequate knowledge talk about these things. Moore's law is not a law in the traditional sense, it is an observation.