[Bitcoin-segwit2x] Segwit2x Final Steps

[Jake Smith]

Hi Ron,

If low fees and increased throughput are important to you, there are
already solutions for that. BTC has differentiated itself as a store of
value and is not supposed to be used for buying coffees with.

If you care about using coins as a currency, maybe you should look into
Bitcoin Cash. That seems to be their main selling point.

Best,
Jake


On 11/15/17 3:19 PM, Ron Hose wrote:
> Hi Jake, 
>>
>> The whole point of Bitcoin (BTC) is to be a store of value that can't
>> be changed without consensus.
>>
>
> Yes, 100% agree.  I think this is the reason many agreed to scrap s2x
> in the end. 
>
>> If you want low fees, there are plenty of altcoins or credit cards
>> you can use instead.
>>
> There are really not that many options. 
>
> Credit Card penetration is around 3% in our market (for reference our
> bitcoin wallet penetration is already nearing the same range).
>  altcoins are not an ideal option, as they lack liquidity, widespread
> wallet support, or consumer trust.  Most customers still trust Bitcoin
> the most in that regard, as reflected by market price.  Lower fees are
> meaningless unless the underlying asset is trusted to hold value.
>
> I think it would be good to acknowledge that many consumers in
> emerging markets use bitcoin in a fundamentally different way than
> someone who is holding BTC for value, and therefore have different
> functional requirements. 
>
> The community can either ignore or embrace this. 
>
> I am personally happy that S2X was scrapped in favor of consensus, but
> would like to see the community come together on a forward path for
> reducing fees / increasing throughput much sooner than later. 
>
> Best,
>
> Ron Hose
> CEO, Coins.ph  
>
> On November 15, 2017 at 12:34:48 PM, Jake Smith via Bitcoin-segwit2x
> (bitcoin-segwit2x at lists.linuxfoundation.org
> <mailto:bitcoin-segwit2x at lists.linuxfoundation.org>) wrote:
>
>> This is a dangerous and slippery slope to go down. The whole point of
>> Bitcoin (BTC) is to be a store of value that can't be changed without
>> consensus. If you want low fees, there are plenty of altcoins or
>> credit cards you can use instead. Bitcoin's value proposition is
>> clearly that it is the most stable and in-demand ledger, we should
>> keep it that way.
>>
>> We also know that hard forks are dangerous and will cause many people
>> to get booted off the network. I think we should research this for at
>> least 18 months before deciding to go down this route on the Bitcoin
>> network. Leave the reckless hard forks to those Chinacoin guys.
>>
>> -Jake
>>
>> On 11/15/17 8:41 AM, Melvin Carvalho via Bitcoin-segwit2x wrote:
>>
>> FYI:
>> https://cryptocurrencyinvesting.news/adam-back-bitcoin-block-size-increase-in-mid-term-is-possible/
>>  
>>
>>
>>     --
>>
>>     *Mike Belshe
>>     * *CEO, BitGo, Inc
>>     *
>>
>>
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>>
>>
>>>
>>>
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-- 
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/Global Business Development/
*Bitcoin.com*
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