On Mon, Nov 25, 2013 at 05:50:27PM -0800, Sean Lynch wrote:
Hopefully Moore's Law will save us, but I actually expect that, should
Moore's law has unfortunately recently ran into financial scaling limits, which are slowing doubling times (estimate from 18 months to three years at the moment) with physical scaling limits close to follow (somewhen shortly below 5 nm). Of course current ASICs are far removed from cutting edge. Another issue is blockchain storage (NOR flash is also pretty finished, HDD area density has stalled recently, but might resume scaling, at least for a while) and availability of network bandwidth. You can buy 10 Gbit/s close to the backbone, but it's beyond affordability for most people.
Bitcoin continue to grow, most payments will be made through payment services of some kind, with the actual transactions only used to deposit money in your account with the payment service. This is analogous to how gold was used once banking became popular.