rich1.0npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgydhttps://nostr.ae/npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgydnjumphttps://nostr.ae📅 Original date posted:2015-08-06 📝 Original message:Whilst 1mb to 8mb might seem irrelevant from a pure computer science perspective payment demand is not really infinite, at least not if by "payment" we mean something resembling how current Bitcoin users use the network. If we define "payment" to mean the kind of thing that Bitcoin users and enthusiasts have been doing up until now, then suddenly 1mb to 8mb makes a ton of sense and doesn't really seem that small: we'd have to increase usage by nearly an order of magnitude before it becomes an issue again! If we think of Bitcoin as a business that serves customers, growing our user base by an order of magnitude would be a great and celebration worthy achievement! Not at all a small constant factor :) And keeping the current user base happy and buying things is extremely interesting, both to me and Gavin. Without users Bitcoin is nothing at all. Not a settlement network, not anything. It's actually going to be quite hard to grow that much. As the white paper says, "the system works well enough for most transactions". And despite a lot of effort by many people, killer apps that use Bitcoin's unique features are still hit and miss. Perhaps Streamium, Lighthouse, ChangeTip, some distributed exchange or something else will stimulate huge new demand for transactions in future ..... but if so we're not there yet. -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150806/e2ebb63a/attachment.html>