Bitcoin needs to do an Uber and scoop up as many users as fast as possible round the world before gvts, regulators, and banks can stop it. we may already be there fortunately but we do have a ways to go and it's clear that 1MB is an artificial cap on growth.
That's the biggest concern I have.
Bank-based Bitcoin competitors are not stopping to take a break and study issues - they are actively working to hire developers and build systems that can grow faster than Bitcoin.
Meanwhile, the anti-scaling crowd is telling us we need more time to study the scaling issues even though they've been saying that since the first time this issue came up in 2012.
Apparently they are the only developers capable of making any change at all.
Wait they're not? So what exactly is stopping some developers from coding the fork and releasing it? Are people worried miners will attack and destroy it? That attack can't succeed in the long term. If the attack works once, you just fork again with a 1 line change to move the fork point forward. Miners are not going to keep wasting resources on that forever, once they see your fork isn't going away, they may see it as more profitable to mine on it honestly.
I'd run it, and I'd probably sell at least part of my stake in the 1mb fork.
problem with that is that it's tantamount to lack of advertising. if you don't get a consensus, you risk large swaths of the community not even knowing about your fork and others advocating against it. it would be ideal to get a consensus so that everyone knows and are all onboard to make the switch to the new code.
most ppl don't really understand how Bitcoin works or the anything about the whole process of consensus or open source. they'll get confused about what to do if there continues to be battling btwn information sources. so yes, it's best to get a consensus if possible.
Problem is getting a
decentralized consensus. Thank you Bitcoin. ^^
On a personal note, nullc & co may be biaised by their SC stuff, I dont see how these solutions would harm Bitcoin itself, on the contrary.
Otoh, Gavin being an MIT fellow now, I am more than ever concern that he may be biaised by the US Governement.
Besides i dont really appreciate his pushy attitude and I fail to agree with his arguments (ie. his childish blog points and "kudos"), which are anything but technical btw.
Not that i am an "anti" blocksize fork forever either.
Anyway im just a regular bitcoiner, hoping it all goes for the
best greater good.
I haven't read all his bog posts but he is showing signs of understand when it comes to engaging the community.
I can only imagine all these posts were written by taking feedback from lengthy consultations and he planned the release to capture all the fragmented interests in the Bitcoin community one buy one. Leaving specific interests to fight fires as he moves into virgin territory to start a new blaze.
I take my hat off to him he is creative and that's his biggest assets.
i put this video up last month where Gavin clearly telegraphs what is happening now. he said he might have to throw his weight around which is what he is now doing. and he has the credibility to do so. but you have to back up around 2y to understand why he's doing this. my conspiratorial mind says this is when gmax first hatched the idea of Blockstream and started working on gathering up most of the other core devs into the scheme. since that time, nothing substantial has gotten done around the core protocol as solex pointed out above. i say it's b/c Blockstream stands to make billions if tx's are forced off MC to SC's. it's also the time when gmax started hitting Reddit and the forum about the SC idea. while Gavin has always been respectful and even slightly positive about SC's, i don't think he's fully on board with the idea and i've pointed out subtle examples of such. and for good reasons as i, and you, have tried to articulate in many settings. but my point is, this is the setting around which his blog posts are occurring; it's now time to open up Bitcoin to the masses.
https://www.youtube.com/watch?v=RIafZXRDH7w