We'll see it start to do much now that the limit is actually being reached. In the process of syncing the block chain, the first three fourths of the blocks take up one third of the hard drive space; that means one fourth of all the blocks take up two thirds of the disk space. Thanks to the limit, these ratios will begin to even out.
You forget to say once the limit is reached, Bitcoin popularity (crypto market share) will start to decline pretty fast. Basically only limited transactions can be included in the block, if more transactions are required by users, some have never to be included. Basically it will be easier to use different coin than feeling the hours/days/never confirmed transactions pain with 1MB Bitcoin
Popularity among who? Maybe the redditarded change tipping hammer lickers won't be interested anymore, but I don't see the future market makers of the world shying away just because they have to start paying a fee to use censor-proof inflation-proof perfectly fungible money.
If it's "easier to use different coin" then go do that; we won't miss you. Actually that's what USGavin is proposing anyway; the fork creates an altcoin.
No, im pretty sure the 20 MB (or whatever) limit will be active when at least 95% of miners agree. And such hard fork happened already and we still call it Bitcoin not alt coin.
If your really serious about Bitcoin being most popular crypto in future as well, please update to average computer/internet and you will be able to use full node after the planned Bitcoin limit improvement as usual.
No I will not update, and screw you for suggesting the problem is with me.
Quote from: #bitcoin-assets
mircea_popescu: asciilifeform you know, people have been trained to believe in this "upgrade and everything's gonna be better" mantra.
mircea_popescu: worst fucking idea ever. but it's so much like "progress", and "what the consumers should come to expect"
asciilifeform: mircea_popescu: it's the direct effect of shitgnomism where 'the doctor healed the patient's ear, but did poke out an eye, i fear'
mircea_popescu: worst fucking idea ever. but it's so much like "progress", and "what the consumers should come to expect"
asciilifeform: mircea_popescu: it's the direct effect of shitgnomism where 'the doctor healed the patient's ear, but did poke out an eye, i fear'
The current version is called bitcoin not because "the miners" decided. It costs nothing to put a "version 4" label on your blocks; it costs quite a bit to find out nobody will buy your fake scam coins that you mistakenly think are the real thing.
And the thing you are referring to wasn't a hard fork; it was a "soft fork." The difference being that the rules became more strict rather than less strict. Not that I'm saying it's acceptable to adopt a soft fork proposed by UnSavory Garnish.
No, I'm not wrong. Mainly because anything that comes from M.P. should be considered invalid.
@Bold: Who in the name of all that is, told you that what you guys want matters? What made you think that you can decide?
I'd rather trust Gavin than someone who sees bitcoin, as another system for a elite group.
@Bold: Who in the name of all that is, told you that what you guys want matters? What made you think that you can decide?
I'd rather trust Gavin than someone who sees bitcoin, as another system for a elite group.
Before anyone else screams it, the issue seems to be bandwidth, not storage. I still think you can easily acquire more bandwidth, though.
Although that is true, one can't really expect people that haven't updated systems in years (or very bad internet) to use Bitcoin. Their systems probably have many flaws, it would not be smart to run Bitcoin, security- wise. There's that call to upgrade again! See my comments above.
What makes us think we can decide? I could ask you the same thing. You seem to think that talking about bitcoin makes you a part of it. I think that I'm a part of bitcoin because I'm in the WoT.
Quote from: Pete Dushenski
Who? Anyone who sees the value in building trusted online relationships and is willing to put in the effort to grow said relationships. WoT has uses within and without Bitcoin, though it could be argued that the reverse isnt true.
You'd rather trust the guy who scared off satoshi by talking to the CIA? Don't hate the elites; be the elites. The window is still open.