Post
Topic
Board Speculation
Re: The hardfork will make Gavincoin plummet to zero
by
onemorebtc
on 07/02/2015, 00:44:12 UTC

completely agree.
I get the "whole sky is falling" vibe with his hard fork proposal and for not doing shit in the last 5 years.
It really can wait a while longer to hash out more ideals.

it has been shown that once blocklimit would be reached fees would of course rise and a free market effect for txs would take hold (if you want fast transaction, pay higher fees). The first effect of this would be to drive a lot of the spamming microtransactions like satoshi dice for 50cents worth a bet and things like that off the chain. That's probably already 20% or 30% of the traffic. So the propaganda of 'the chain comes to a halt' is fearmongering and only serves the purpose of bullying everyone into accepting the gavinfork without a second thought. 

if miners want higher fees they can simply make blocks smaller. they can do this know - but atm the block reward is so much higher than all fees combined that there is no need for them to do this.