Haha wow. 1 million per second? That is really impressive! I like how the short OMG makes you think of "oh my god!". But I also think is it really that important that transactions get cleared fast? Since VISA payments can take weeks to clear so perhaps the slower BTC ain't that bad after all? For me when I transfer Bitcoin I can see it instantly that a transfer has been started. For normal purchases I still believe Bitcoin could work.
But now when we are building a world where we will transfer value all the time to others even in the offline world then we will probably need something like OmiseGO. The guy behind Ether seems like a genius. All this speed is very exciting of course it will then become impossible to tax it. There will be so much sharing that it will be impossible for a government to track it. Rapid value exchange means so if someone wants to make a new project fast and it's a good idea he will automatically have money for it. We will probably even have a Blockchain that could analyze if he has an original idea that will be helpful for the community.
It's very clear that value transfer will be no issue in the future. Since scale doesn't seem to be a problem when there is so many smart people working on it. The more fascinating thing will be to see how many currencies we will be having eventually! Can the world function with over 1000 currencies or will we eventually move down to around the same amount of currencies that we use in Fiat to this day? Maybe it won't matter what token or currency we use? Or the most interesting idea that maybe 1 currency eventually will out-compete all others and be so much superior. But in the digital age wouldn't that be easy to copy as well?
Very curious what the fees will be. Tried to find specifics in the white paper but couldn't find. That is an area which still seems to be a bit shady with many cryptos. Steemit has 0 fees as I understood it but if this will be high volume then it feel like it will have some fees involved. Wonder if it would be possible to completely remove fees in future. I do know Bitcoin needs fees for mining. But is there a way to do it without that?
Next thing would be to connect Plasma to our brain so we could make a transfer just by thinking about it and bam sent! Since having to insert input inside a computer or phone still isn't optimal in terms of effectiveness when transfer value. Elon Musk has also talked about that a bit that a major thing that slows us down is the slow output. But that we have better visual input since we have eyes. What happens when all value transfers goes in Plasma speed that is an interesting question. Will probably be a new world that nobody even can imagine how it will look like.