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>As the blockchain grows ever larger the thing gets more and more useless as a currency. Just look at how long it takes a transaction to confirm.

Blockchain size and confirmation times are two entirely different things.

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Good to know, what is it based upon? I know you can spend coin to prioritize a transaction, is it formulaic?

Block size is limited by bytes allowed in the block, usually about 7 transactions a second (on average) for Bitcoin. Increased demand for transactions increased tx fees.

The length of the chain can affect processing power and bandwidth, as each block contains all previous blocks.

No, why are you making claims such as Bitcoin is the new Beanie Babies when you have literally no idea how any of it works?

You don't have to be a carpenter to know if a house is built poorly, just if you try to describe the cause. They were right in their criticism of transaction fees, but were off in what was causing it.

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