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Author Topic: Bitcoin was a great experiment. We learnt a lot from it.  (Read 2019 times)
dinofelis
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March 09, 2017, 07:27:20 PM
 #61

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That said, if we have many *different* chains, they can all carry part of the volume of course.  

Multiple chains scale exactly the same as a single chain. (actually slightly worse) Anyone wanting to freely conduct business will need to employ all significant chains.

No, you can have distributed exchanges.  

Sure, you can. But geographically-limited chains are hardly The Internet of Value[tm]

Well, they do not necessarily need to be geographically limited.   But limited in some way, that link together only those groups of people that transact a lot amongst them.  Usually, this is geographically.  But it doesn't need to be so.  Any relatively limited group of people that transact more amongst them than outside of their group, can sustain a "local chain".

We simply haven't found yet a way that is trustless and distributed, and that is sufficiently swift and fluid to sustain the centralized and swift fiat fluxes of trade.   Blockchain is simply not cutting it.  The "trustless and distributed" overhead is too heavy as compared to a lean, mean centralized system.

So in as much as you NEED trustless and distributed, you have to reserve it for those things were it makes a difference.

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March 09, 2017, 07:51:45 PM
 #62

Now, for me, bitcoin is no longer an experiment, it is something very familiar, and it plays a key role in my life. Before, I had never known it, and I was a poor citizen, and when I knew it, things improved, my life had changed since I knew bitcoin. Bitcoin is something new but has a lot of value, i feel like it
Really cool to know that bitcoin has changed your life for good,can you elaborate how it helped you in enhancing your life style so that i could follow your path and change my life for good. Smiley
@OP Bitcoin is a great innovation and the test period was done when no one was bothering or knowing about it and if you really are not a fan of bitcoin you could follow alt coin market as simple as that,people are investing in bitcoin because they see something that is worth and everyone is happy with it.
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March 09, 2017, 08:05:46 PM
 #63

I understand your sentiment and your frustrations about team Core/Blockstream whatever. The thing is, your statement about another "real organization at the top" just contradicted what you have just said about the current dev team of bitcoin. If there would be another such organization, it would be another "failure" since no matter how things go, there would be some asshole who would contradict one asshole's idea and brainwashing would start to create factions as to who would be the greater asshole who will have authority and power. We as a community cannot come up with a sane consensus because we do not want to settle things in a healthy argument; we just throw mud at each other, that's all I can see here.

Go create an altcoin, OP if you believe that this experiment has reached its conclusion and a new experiment is needed.

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March 09, 2017, 09:20:23 PM
 #64

TL;DR: Let's hard for Bitcoin!!! Yayyyy!


Are you really suggesting we start from scratch again? Rebuild the already well-established distribution of funds? No. Not in a million years. We just need a hard fork desperately, and some dickheads are hanging on for dear life, saying that everything is good and fine

looking for a signature campaign, dm me for that
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March 09, 2017, 09:44:29 PM
 #65

We simply haven't found yet a way that is trustless and distributed, and that is sufficiently swift and fluid to sustain the centralized and swift fiat fluxes of trade.   Blockchain is simply not cutting it. 

Up until several months ago, Bitcoin was indeed cutting it. And it still would be today, were it not for a stupid arbitrary centrally-planned production quota.

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So in as much as you NEED trustless and distributed, you have to reserve it for those things were it makes a difference.

If there were some limit on what we can make trustlesss and centralized, I would agree with you. But from a practical matter, trustless and distributed -- exclusive of the aforementioned quota -- is sufficient to keep up with current demand.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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