Post
Topic
Board Bitcoin Discussion
Re: Bitcoin 20MB Fork
by
LeMiner
on 04/02/2015, 16:34:35 UTC

You are taking into account, that there will be a time, when you can't use Bitcoin as you are used to do it. I think, that would really hurt Bitcoin.
If Bitcoin is successful, this problem will occur.

Do you have hard evidence for your hypthesis other than vague projections that may or may not come true?
You are repeating the same over and over again while ignoring the counterarguments presented.
https://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
https://blockchain.info/charts/avg-block-size?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
I didn't see any argument, explaining why that growth would stop. Can you show it to me?

Nobody said the growth would stop, what has been said is: hitting the blocklimit will not cause big trouble because the first thing that would happen would be microtransactions for tiny amounts of money happen somewhere else. So all your doom preaching and urgency is invalid.

Hitting the limit will not render btc unusable - in fact it will clean the chain from spammy microtransactions.

That's funny. So here you are entering a store, present your creditcard to pay for your coffee..... But guess what? I'm sorry sir, your order is below 5$, you will have to fill up this special "Starbucks-card" first with at least 50$, since we don't accept 5$ creditcard payments here.

Give me one reason we would not allow micropayments to happen on the blockchain? They're all fee-paying-payments just like the large(r) ones. If you want the blockchain to be supported by transaction fees at one point you're going to need a lot of transactions.

Besides that, why put a hard limit on an open-market-concept? Let the market decide. If miners don't want to mine what in your opinion are "spammy" transactions then they wont. For the rest of us, let miners mine what they want to mine, in the end for the miners they are all equal in terms of transaction fees.