3 ms·

You can almost hear the beeping noises as they back the truck up to block the exponential growth curve.

• SkyMarshal 11y ago
  If only that were the biggest problem. A far bigger one is big blockers wanting to expose Bitcoin to increased risk of catastrophic ruin at the protocol level to service the more expedient commercial concerns of a few big businesses that have bet their future on no/low tx fees. Bitcoin is not a payment network, it is digital gold, and any attempt to make it competitive with Visa, Paypal, or Western Union puts the whole project at greater risk of failure. A $10 or similarly large fee to move gold around the world instantaneously is miniscule for the value conferred, especially when that digital gold can reliably serve as an alternative global reserve currently roughly as viable as the USD but with no central issuing authority. That kind of value is not cheap, easy, or free, and cannot be achieved while also compromising its design parameters in favor of expedient commercial concerns.
  • TheBlight 11y ago
    Yeah, interesting attempt at revising history there but the title of the email which debuted Bitcoin to the world was titled: "Bitcoin P2P e-cash paper." It was designed to eventually compete with Visa, Paypal, etc. See also: http://satoshi.nakamotoinstitute.org/emails/cryptography/2/ http://satoshi.nakamotoinstitute.org/emails/cryptography/2/
    • brighton36 11y ago
      The bitcoin blockchain simply won't do that. Lightning network might. Satoshi was a brilliant guy, but got a number of things wrong as well. (Namecoin for example)