The current brain washing meme circulating in the Bitcoin community would have you believe that Bitcoin as digital gold can be separated from Bitcoin as payment network. The truth is that without Bitcoin as payment network, and the associated ground-breaking innovations, Bitcoin would be just another failed digital currency with little to no value. You are being lured into disregarding Bitcoin's role as payment network in an effort to undermine Bitcoin's foundations... The truth is that Bitcoin's main value proposition, and the thing that makes it unique, is the utility integrated into the currency and its first mover advantage.
Vitalin seems to be presenting the two aspects in a mutually exclusive manner:
http://www.newsbtc.com/2015/09/20/vital ... t-network/
https://np.reddit.com/r/ethereum/commen ... ed/crrofl6
I do however agree with Vitalin and one of the forum users on the above thread as to how block size limits should work: " A payments blockchain needs to scale with the instantaneous demand for payments. Doing that using a formula based around an EMA seems like a reasonable idea." I was previously playing with the idea of a block size limit above sigma 2 or 3 of the average block size.