Some excerpts from OP's post:
"For example tomorrow I believe there is going to be a service launched that allows you to "rent" your Hard Drive space to others over the internet, and it's all validated and compensated with BTC. There are so many different applications that are going to be built on top of Bitcoin."
He got this idea from Jonathan Mohan's presentation at the NYC conference. I was there and his talk was highly future oriented, none of those features are even close to implementaion. Adding to this, it does not help that we currently have fierce competition building in the space between Blockchain 2.0 (NOT BTC 2.0), Ehterium, and Mastercoin regarding multi-asset issuance (which this renting of Hard Drive space idea is based on) and the smart contract scripting language. If you want to hear more listen to the LTB episode 99.
"Then you have remittance services that are being built on top, charging 3% to consumers instead of the dreaded 10% scenario."
The remittance services also face a lot of competition in places where they are the most popular, like Mpesa in Africa, and India Post / Vodafone in India.
"Plus (I could be mistaken) it costs each miner about $108 to line each Bitcoin. The network is fine."
I have no idea how he arrived at this figure as I (and many others on the Mining section of this forum) have been racking my brain trying to figure out how to price the production cost of a Bitcoin.
Personally, to me this guy just invested way more than the 10% of his total wealth into this, which should be the absolute limit for a speculative vehicle anyway, and is trying to make himself feel better. Add to the fact that he readily attends all the conferences, which are always full of positivity (not a bad thing), and you get a dangerous state of self-disillusion.
So I ask you, who is jerkin whose chain?
Poll
