Quote from: kingcolex on February 06, 2015, 11:02:25 PM

Quote from: theskillzdatklls on February 06, 2015, 11:00:33 PM

Quote from: kingcolex on January 30, 2015, 09:02:13 PM

A mix between pro and DGAF as I don't care but it will need to happen eventually so why not now?

+

That was before i knew more of the details, it still needs to happen before we hit the cap so sooner is better than later.

On the one hand, the hard fork is risky, because it means running the risk of Bitcoin splitting into networks. On the other hand, a Bitcoin that never does a hard fork and sticks with the 1 MB restriction forever has no realistic chance of ever attaining mass adoption:

Quote from: DeathAndTaxes on February 05, 2015, 01:31:00 AM

The numbers below are for 2tps. Double the numbers if you think 4tps is more appropriate but it doesn't materially change the insignificant upper limit.

Code:

Maximum supported users based on transaction frequency.
Assumptions: 1MB block, 821 bytes per txn
Throughput: 2.03 tps, 64,000,000 transactions annually

Total # Transactions per Transaction
direct users user annually Frequency
   <8,000 8760 Once an hour
   178,000 365 Once a day
   500,000 128 A few (2.4) times a week
   1,200,000 52 Once a week
   2,600,000 24 Twice a month
   5,300,000 12 Once a month
   16,000,000 4 Once a quarter
   64,000,000 1 Once a year
  200,000,000 0.3 Less than once every few years
1,000,000,000 0.06 Less than once a decade

The sooner the hard fork happens, the sooner the market will stop being spooked by the uncertainty, and can invest for growth.