Oh look, RoadStress suddenly dropped his previous ad hom attack strategy when addressing the sysop! I'm shocked...I expected RS to accuse Thermos of being a master scammer (because his forum advertises/discusses ASICs, Ponzis, etc), as well as being an altcoin shill (because he once said something nice about Monero).
Hello Icetard! I only attack a couple of people that I consider that they deserve this kind of treatment. If you would've paid any attention to this thread you would've seen that for yourself. I even tried to have a decent talk with one of MPs sock puppet account and after realizing that he only likes to throw shit I switched to directly attacking him because that's how scumbags should be treated. You are included in that category too because of your big campaing of supporting HashFail which has scammed tons of customers and for your useless posts where you attack instead of bringing anything good to the discussion.
Everyone is free to check your posts in the HashFail thread to see that you deserve to be treated this way.The fact that you expect me to accuse Thermos (sic) of being a master scammer is yet another proof that you are a retard clown. It's like accusing DPR of being a drug lord while he was only providing a medium for people to get their stuff safely.
Bitcoin's net-worth overall will increase regardless of transaction volume simply because it has the 1st mover, digital reserve currency advantages and status. It doesn't need, nor should we seek, a monopoly on digital currency, because a Nash distribution is of more economic utility than top-heavy ones. Bitcoin has a natural monopoly on high-value wealth preservation and transfers, not retail point-of-sale, paywalls, or tipping.
So your argument is that Bitcoin's net-worth will increase just because it was the 1st mover? Are you that idiot? By this logic Archie should be the top search engine, and not Google.
As for "digital reserve currency advantages and status" please explain why or how will this guarantee Bitcoin's net-worth increase because I fail to see the points. I assume that these 2 attributes do not restrict only to Bitcoin so your point is kinda invalid. (unless it's something only specific to Bitcoin which I haven't understood)
Relying of the desirability of future pruning mechanisms still in the vapor stage to fix 20MB blocks' undesirable effects is also a bad idea.
We are not relying on the future pruning mechanins when we make the fork for the 20MB blocks because it will not be an issue at start and there is enough time to develop it. Blocks will not start to fill as soon as we raise the limit so we are find for a certain period of time.
First, we must wait and see how the infrastructure and ecosystem react/adapt to scarcity. Without this crucial empirical data, we cannot make informed future decisions about ideal block sizing. We cannot risk a civil war between BTC1 and BTC2 camps by forcing the issue prematurely (but if I were actually anti-BTC and pro-alt, I'd relish such a Great Schism).
Second, we must use the results of the experiment with 1MB scarcity to decide on a preliminary blocksize increase, to somewhere between 2MB and 10MB.
How long do we gather and analyze data after we get full 1MB blocks? 1 week? 1 month? 1 year? 5 years? How do we decide that we had enough data to analyze the issue?
Also you ignore the fact that the moment when we start to analyze how the ecosystem reacts/adapts it's also the moment when we all
start to use a bottle-necked network and it will be like this for the whole period of our analysis be it 1 month or 1 year. This will severely hinder development and new projects and services because they will have to take into consideration the block availability and the higher and higher fees that will have to be paid. This is the worst thing that can happen to the growth of the Bitcoin ecosystem.
20MB blocks can then be considered, if and only if the community, prunability, and TOR are ready to support them.
As a compromise, I'll support an increase to 2MB ASAP, on the condition that we then maintain that limit until facts about market reaction to block real estate scarcity are ascertained .
Don't worry. The community will decide whether you like the outcome or not.
Why TOR? Who says that TOR is mandatory? You?