Post
Topic
Board Bitcoin Discussion
Re: Bitcoin 20MB Fork
by
inBitweTrust
on 16/02/2015, 15:46:44 UTC
They aren't rare, but they are not the norm.  Most aren't near full.
F2Pool solved a few that were close recently, above 900K.  With a good number of freebies.

https://blockchain.info/block/0000000000000000175b44859017a5148c48ecba7a67f14012232e9bb6b47a73

https://blockchain.info/block/00000000000000000f9597aed448ce8429c550a65f896b66760381d0c364901e

and then there is this 7K block in between
https://blockchain.info/block/000000000000000014efb22561313ebe3c27780808b5d8939ebc1a850badf9da

There are a lot of blocks with <200K, so we'd get some scalability of more Tx/s with a minimum block size too.

Since we are already seeing full blocks becoming more prevalent than before and are likely going to see spikes in transactions with increasing merchant adoption which isn't slowing down that what do you propose, a last minute hardfork without a lot of testing and the negative P/R our community will get from the businesses and media when transactions won't confirm from an antiquated system that can only process between 2-7 tps?

What about decentralized projects like twister , lighthouse , and openbazaar that have limitations imposed by the 1MB block size?

Satoshi had a vision of Bitcoin that could scale up to handle transaction rates of major credit card merchants. Those of us that invested our time and money in bitcoin invested in this vision and do not want to betrayed whether it be changing the hardcap of 21 million or keeping the system limited at only 2-7tps.