You managed to cram so much wrong into a post it's unbelievable. Let's start with your 'off by one' address scare tactic. Bitcoin addresses contain a built-in check code, so it's generally not possible to send Bitcoins to a mistyped address.
Ecological concerns? A global, nacent value exchange system uses a little more than the total electricity of holiday lights. In fact many miners use cheap unused energy that would be otherwise costly to build infrastructure to sell normally.
What are your dollars but numbers being added and subtracted in a database? Things have value because people assign them value. There isn't some magical property that makes the trust in US government more legitimate than trust in math and cryptography. It would seem a lot of people would argue in favor of the latter as well.
Guess what has to happen to maintain or increase value transfer when you have reached a limit on blocksize.
Ding ding ding! You guessed it!
The price must rise. The utility has not degraded and just looking at 'number of transactions' is not useful. Just because I can move some arbitrary number of units in a given timeframe does not mean my unit is more valuable. Banks can move way more than 600k USD transfers in a day.
How do you propose we increase throughput on a competitive space without compromising the byzantine fault tolerance of the bitcoin network?
Go on, I'll wait.
It isn't just 'make the blocks bigger'. That's like telling a developer to just ship more code. We didn't scale the early internet by making packets bigger. Open your mind and stop repeating things you read just because you read it. Think for yourself and if you are uninformed about a technology then do not open your mouth to speak. You don't reach scale and adjust a hundred billion dollar network by hacking fixes, you do it by carefully making calculated changes with science and testing behind your decisions. The developers working on bitcoin today have done more to contribute to the growth of bitcoin than detract and the sheer volume and scale are unprecedented. Nobody is equipped to say one solution is obviously better.
If you believe USD will maintain its value (which historically it hasn't) and that banks will not steal your money (which historically they have), then why even use Bitcoin. You're arguing the wrong points, it's not about who can be faster than who, "I can change database values faster than anyone!" It's about guarantees on that action and no central entity (e.g. Bank) can match the guarantee provided by the decentralized, trustless nature of Bitcoin.
You can easily be confirmed within approximately 10 minutes (the fastest possible time) for about $4 USD. The volume of Bitcoin (on chain) and competition to enter a block is healthy. It is nowhere near $100.
The utility has gone down? Bitcoin utility hasn't gone down it has had many additional features built into it but the utility has not changed.
The fact that this is upvoted so high really shows the number of people who truly lack an understanding of an asset but are vocal in spite of that fact.
You're thinking small. Imagine a world where there aren't parasitic entities littered throughout a process. Imagine a world where I do not need to trust any third parties in order to exchange any sort of value. Imagine a world where you can exchange your stake in a company directly, with another person, P2P.
> Here's an example of a really bad use of "sizeof" that doesn't have
the parenthesis around the argument: sizeof(*p)->member. Quite
frankly, if you do this, you should be shot.
Johnson also pushed back on the tech industry’s demand for greater encryption, saying that it hinders the government’s ability to detect criminal activity. The trend toward deeper encryption is an issue that “presents real challenges to those in law enforcement and national security,” Johnson said. “We need your help to find the solution.”