Post
Topic
Board Bitcoin Discussion
Re: Bitcoin 20MB Fork
by
homo homini lupus
on 05/02/2015, 07:10:18 UTC
the point is: the chain is already pretty big. If it becomes 20 fold as big i will be forced to stop using bitcoin because i don't want a lite-client or rely on 3rd parties with my coins but on the other hand can't afford upgrading harddrive all the time (especially not with these bad btc prices).

If you raise blocklimit 20-fold it will become unaffordable for normal people to store the blockchain on their computers and because of that people loose access.

No need to post the same thing in 2 separate threads. Here is my answer:

my point is: the chain is already pretty big. If it becomes 20 fold as big i will be forced to stop using bitcoin because i don't want a lite-client or rely on 3rd parties with my coins but on the other hand can't afford upgrading harddrive all the time (especially not with these bad btc prices).

If you raise blocklimit 20-fold it will become unaffordable for normal people to store the blockchain on their computers and because of that people loose access.

Why does everyone believe that raising the block limit will instantly raise the blockchain too? It will not. It will take time until that will happen!

Even if it takes time: the blockchain is already very big - if you make it bigger normal people will need to upgrade their hardware to use it and people won't do that.


Right now there isn't even an immediate need to fork so the proposale doesn't make sense at this point in time.

As noted before: reaching the blocklimit will at first result in microtransactions being pushed off the chain and that won't be an issue for most users.

Fork to a bigger chain isn't rational at this point in time. Period.

Do you know how many viable blockchains are out there with almost only empty blocks and very small chanis (below 1bg storage)? Dozens!

Blockchains aren't scarce. So why would i use one blockchain that requires hundreds of GB storage when i can use one almost as secure  with much less HD-use? I personally will leave btc behind for good with a larger chain (just refuse using Gavincoin - it isn't even 'bitcoin' - it is really 'gavincoin') or stick to the old fork in case it can survive.