{"type":"rich","version":"1.0","author_name":"npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgyd","author_url":"https://nostr.ae/npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgyd","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-08-06\n📝 Original message:Whilst 1mb to 8mb might seem irrelevant from a pure computer science\nperspective payment demand is not really infinite, at least not if by\n\"payment\" we mean something resembling how current Bitcoin users use the\nnetwork.\n\nIf we define \"payment\" to mean the kind of thing that Bitcoin users and\nenthusiasts have been doing up until now, then suddenly 1mb to 8mb makes a\nton of sense and doesn't really seem that small: we'd have to increase\nusage by nearly an order of magnitude before it becomes an issue again!\n\nIf we think of Bitcoin as a business that serves customers, growing our\nuser base by an order of magnitude would be a great and celebration worthy\nachievement! Not at all a small constant factor :)\n\nAnd keeping the current user base happy and buying things is extremely\ninteresting, both to me and Gavin. Without users Bitcoin is nothing at all.\nNot a settlement network, not anything.\n\nIt's actually going to be quite hard to grow that much. As the white paper\nsays, \"the system works well enough for most transactions\". And despite a\nlot of effort by many people, killer apps that use Bitcoin's unique\nfeatures are still hit and miss. Perhaps Streamium, Lighthouse, ChangeTip,\nsome distributed exchange or something else will stimulate huge new demand\nfor transactions in future ..... but if so we're not there yet.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150806/e2ebb63a/attachment.html\u003e"}