Post
Topic
Board Bitcoin Discussion
Re: Bitcoin 20MB Fork
by
CoinCidental
on 09/02/2015, 11:48:31 UTC
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.

stress testing is exactly that and done under controlled conditions to find out the breaking point
you dont stress test the only working version that everyone is currently using

if you want to make a stress test ,do it with a valueless altcoin or make a new coin just for that purpose

like how scientists test new drugs on animals BEFORE giving  them to the public