Quote from: CoinCidental on February 09, 2015, 10:39:00 AM

Quote from: iCEBREAKER on February 09, 2015, 10:20:30 AM

Before changing the max_blocksize constant, we should know what happens to the BTC function at (and over) the 100% limit of the tx/block variable.

we already know what will happen

transactions wont confirm and there will be a backlog ,it would render the currency unusable if we had to wait hours or days to get included in a block

localbitcoins would die ,retailers would stop accepting btc for coffee or food etc because they cant force a person to wait all day until the transaction gets a confirmation

miners would include the highest paid transactions so it would mean higher fees for everyone to use btc efficiently and the price would be all over the place if you accepted $1000 in btc for a laptop it might be worth $900 by the time the transaction gets from the customers wallet to your wallet to the exchanges wallet etc

this would be huge to giant retailers

bottom line is we dont need to wait until it breaks and have a mad panic to get it fixed

do you drive your car until the tyres explode or replace them before that happens ?

I trust both my car's and tyres' manufacturers test every model to find out exactly how gracefully or suddenly their products' safety features degrade in the event of predictable and inevitable events like tyre explosions. Stress-testing is Engineering 101.

Localbitcoins and retailers can easily increase their now-miniscule fees to ensure sufficient priority.

Miners would benefit from tx spaces being sold at the highest price the market will bear.

As fees increase, the more time and/or price sensitive among us will increasingly make use other of blockchains, as we should.

Bitcoin only needed to give out free samples long enough for word to spread. It has.

Now is the best time to find out how the market for blockchain real estate responds to scarcity.

Indestructible, useful, eternal blockchain data storage is the most valuable service on earth; it must be optimized, not subsidized.