Bitcoin Scaling

[TomZ]

In this post I want to investigate what kind of scaling we can expect Bitcoin to have and what we need to do to get more scaling out of the system if it would not be enough.

http://zander.github.io/posts/Scaling%20Bitcoin/

[LiteCoinGuy]

https://twitter.com/starkness/status/752187810359095296

[rogerver]

Great post Tom!

The number one reason that Bitcoin has value right now is its promise that Bitcoin will be used and seen as useful by millions of people in the not-so-far future. Any money only has value when enough people think it has value. Any money only has value when it actually can be used. If nobody accepts it for payments, the value will not be realized either.

I feel like this is the crucial fact that so many of the scaling proponents have been harping on, but the small blockers just don't seem to understand.
Bitcoin is only worth something if it is useful, and to be useful it must be able to be used by millions of people at a rate of more than 3 tps.

https://twitter.com/rogerkver/status/752520805829865474

[iFixBTCmemoryIssues]

Great post Tom!

The number one reason that Bitcoin has value right now is its promise that Bitcoin will be used and seen as useful by millions of people in the not-so-far future. Any money only has value when enough people think it has value. Any money only has value when it actually can be used. If nobody accepts it for payments, the value will not be realized either.

I feel like this is the crucial fact that so many of the scaling proponents have been harping on, but the small blockers just don't seem to understand.
Bitcoin is only worth something if it is useful, and to be useful it must be able to be used by millions of people at a rate of more than 3 tps.

https://twitter.com/rogerkver/status/752520805829865474

I couldn't agree more!

They do understand, their just out to capture the quick-buck from a fee-market.

Bitcoin is just under 8 years old and that's not a lot of time to allow it to grow, considering this is a project that was planned to work until past the year 2140.

It is in everyones best interest to stick to the original plan and not make any changes besides technical maintenance such as increasing the blocksize.

Bitcoin has already proved it works, let's wait to see if Satoshi is right once again and if our coins will be worth millions by the end of our lifetimes, possibly even billions for the next generations.

This was the plan. Satoshi's vision has not let us down.