- Aug 19, 2015
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One side effect of the flippening is that I may need to start another forum for solving Ethereum's scaling issues. Ethereum Unlimited anyone?
@AdrianX I don't know. I thought it was - I'm no developer or computer scientist - but let it be 1,000kb. I don't think it changes the basic calculation. Did you understand it?
If you replace the "800" by "2000" for example it shows only scenarios in which the real capacity is the promised "2mb".if (Capacity >= 800) {
document.write(text2);
}
The theory of substitute good seem to be driving the altcoin market an in passing comment from a macro economistSteen Jakobsen Chief Economist & CIO / Saxo Bank said:"Bitcoin is up but it's not just bitcoin but cryptocurrency at large. People in the know tell me bitcoin is becoming very expensive to use..."
Peter Surda's very early Bitcoin Paper is enlightening on this.The theory of substitute good seem to be driving the altcoin market an in passing comment from a macro economist
oh man, he even adds:3.4 If Bitcoin fails, what would replace it?
Since there is an omnipresent attempt to reduce transaction costs of exchange, if people
stop using one medium of exchange, it must be because they switched to another medium
of exchange.
If therefore someone argues that Bitcoin would cease to be a medium
of exchange, one also must also answer the question what would replace it?.
This
process would need to follow the same rules as other situations where one medium of
exchange replace another, in other words, provide a comparative advantage over Bitcoin
sucient enough to motivate people to switch. Either it would need to undercut Bitcoin
on transaction costs, or it would have to out-compete its liquidity.
Ethereum probably has similar liquidity as Bitcoin does, but lower transaction cost. It's not as good a money as bitcoin (in my mind at least), but the masses don't give a shit.Alternatively,
occurrences disadvantageous to Bitcoin could increase its transaction costs, or raise the
required critical mass required for it to be self-sustaining.
Yes. Thank goodness.@Christoph Bergmann 1MB in bitcoin = 1000 kb not 1024 (or have I misunderstood something)
Interesting observation.Oh, and did I mention?: Ethereum is part of the attack on Bitcoin. Just look at the splash screen for crying out loud:
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Pyramid, eye, glass front of banking tower...?
They just *have* to place their symbols right there for us to see, don't they? It's kind of a fetish, I think.