Post
Topic
Board Bitcoin Discussion
Re: Bitcoin 20MB Fork
by
RoadStress
on 05/02/2015, 00:40:15 UTC
Gavin perfectly understand the economics of the block fee. You do not seem to understand that a block size of 1MB hinders and blocks services from running on top of blockchain. I have already pointed out that project Lighthouse is having issue because of the 1MB block size limit. Nobody seems to talk about the subject and I don't understand why. Are you happy that the Lighthouse project is hindered? I'm definitely not!

Also what you don't seem to understand is that there will be services/project that will gladly pay for some fees for their transactions and maybe there will be people that will gladly pay a fee for having their transaction confirmed in the next block. Don't assume that if you don't do it then nobody else will do it. The current system limits a lot the development and the free access to anyone. Gavin is trying to open the gates for everyone to have access and you people want to keep them shut down and to only open them to the highest bidder.
Finally something good.
Please provide a link to the project, I've missed out.

The problem with waiting too long however is that it will stunt decentralized projects like Lighthouse and open bazaar which are limited to 1MB. 

https://www.vinumeris.com/lighthouse/faq#max-pledges

684 to 1k (with further optimizations) max participants cannot compete with kickstarter or indiegogo and will make many fundraisers unusable in a decentralized fashion.