On 3/6/16, Georgi Guninski <guninski@guninski.com> wrote:
social engineered and/or owned again. Hope this is wrong.
Nobody's going to want to pay BTC over 3% CC fee in retail. Dark money can tolerate more fees, but how much? We still see in and out at up to 10% local and washing at 2*3%, plus the 4+*3% real world retail tolerance txfee limit, is 38+% the dark max before they too bail out? So eventually, real soon now... - Every bitcoin user must realize they have to volunteer, develop, sell at cost, and put a $25 open mining chip in their system. This kills mining profit cartels and gives top end network tx capacity (nodecount) beyond visa+mc+banks... after tuning network protocols. (Hypothesis of mining requiring / enabled by profit, instead of just to keep the net up so your unspent value can play, was likely design flaw... lots of networks operate fine on volunteerism without pay.) - Tx scaling must be solved into that new distributed capacity. - Blockchain disk storage must be distributed into distributed protocol archives, possibly with aging by requiring unspents be spent past archive checkpoints. More protocol work for this. In all this, nobody can have their keys invalidated, diminished in value, or be required to push their unspent through a realworld exchange into some other value (black and private market cap, whether entity or personal, are now huge and will refuse to play that). Nor is it known if and for how many hours flag days could be done. All seems sortof deadlocked right now... Popcorn at the halfening for sure :) I'm hodling.