blunderer
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March 01, 2016, 12:36:39 AM

Wealth is not linearly distributed but closer to logarithmic with a vast majority of wealth concentrated in a few hands (currently even dangerously so for civic stability considerations), the mainstream is not where wealth is concentrated so for a monetary adoption targeting the mainstream is a losing proposition.

Bitcoin doesn't necessarily need more transactions as much as higher value transactions, the value of a monetary network is not simply the number of connections but the total value of connections, i.e., number * value.

Because what the super-rich really crave is a dysfunctional p2p network at war with itself. They're just waiting for *all* the mining to become centralized in Communist China, and then there'll be no stopping those Wall St. institutional investors. It'll be bigger then Gemini!