Quote from: hobbymd on June 07, 2015, 02:37:45 PM

Quote from: Muhammed Zakir on June 07, 2015, 11:30:45 AM

I know. The size of the blocks earlier were not big like now and still a limit was put to prevent spam and DOS attacks. In fact, number of transactions were much lesser than it is today. You think this has changed now? NO! We should not only consider about scaling[ but stability and decentralization too.

The current way of proposing by Gavin actually says about him asking miners and companies to adopt new fork which is essentially hurting decentralization.

You're contradicting yourself Cool

,

Show me my contradiction. If you are telling the bolder lines are contradicting, yes, they are but the lines means two different things. You should read carefully before jumping. No offence.

Quote from: hobbymd on June 07, 2015, 02:37:45 PM

bitcoin mining as is right now is CENTRALIZED in China that is a fact that you can't ignore. Again raising block size limit won't make bitcoin inaccessible in China or Africa , it would make only MINING harder due to connection restriction, which is nobody's fault. The network has grown over past several years, you can't keep using the same old tricks and praying that everything would be fine.

Also you can't just keep setting up shacks in remote locations with cheap power and poor internet connection just because you want to mine bitcoin and dump it to profit from it. As a matter of fact those mega-farms couldn't careless about mining being centralized in a single location . All they care is ROI and profit.

It's not just about miners but full nodes too.

Quote from: hobbymd on June 07, 2015, 02:37:45 PM

It amazes me people keep defending these mega-farms and at the same time they bring up decentralization , it's oxymoron . There's saying that goes as " you can't patch stupid " it fits perfectly here.

People *outside* China are also pointing their miners to Chinese pools. Also Chinese pools aren't huge to call mining is away from decentralization.

Quote from: hobbymd on June 07, 2015, 02:37:45 PM

If Bitcoin does't scale up it would just collapse, then who cares about stability and decentralization when it's already collapsed because of not being able to scale up. Get your priority straight .

I didn't say Bitcoin shouldn't scale up, instead, I said we should observer the problems and/or to increase it limit to a reasonable size like 8MB but not by 2000% and not in the current way of Gavin's proposal, i.e. asking miners, companies and such if consensus is not reached.

Quote from: hobbymd on June 07, 2015, 02:57:53 PM

Quote from: CIYAM on June 07, 2015, 03:39:28 AM

Quote from: hobbymd on June 07, 2015, 03:26:32 AM

Simply they either need to relocated to somewhere else or slowly die while dragging the rest of community with them.

When they have indicated that a more modest increase in max. block size (such as the 8MB that Gavin has stated he would accept) would be acceptable then why do you keep trying to turn this "storm in a teacup" into some sort of Others vs. China battle?

If China ends up abandoning Bitcoin then I really don't see how that would be any sort of victory for Bitcoin at all.

China is not the only country in the world with bandwidth issues so I guess next you want to get rid of any developing countries as well and after a while pretty much Bitcoin will just be USA coin. To that I say - no thanks.

No but it's one of the few countries in the world with restricted internet access (GFW) . Now name me how many other countries are in that category?

No it won't be a USA coin, as a matter of fact everybody can access the Blockchain and send/received transactions even in China or Africa or even moon but mining of it becomes more difficult because it's not like before anymore where all you needed was cheap hardware along with cheap power equals to profit.

Lets get this straight, being able to accessing the network is not the same as being able to mine on it. You keep bundling these two together to benefit your flawed argument.

Like I said, it's not only about mining but full nodes too.

Quote from: hobbymd on June 07, 2015, 03:00:30 PM

Quote from: CIYAM on June 07, 2015, 02:50:36 PM

Bitcoin will *never* scale up to Visa or Mastercard and anyone who thinks so is really "kidding themselves".

In the world of "remittance" Bitcoin can be king but in the world of general transactions it is never going to get there.

When will you guys realise that "normal people" actually *want* reversible transactions and the safety of their banks. They are *never* going to want to lose their money to scammers who want to take advantage of irreversible payments.

It is so funny that Bitcoin fanatics just seem to forget all about "customers" (probably because most of them are scammers trying to steal their customers money).

I see you're coming from the camp of " it can't never scale up " but I want the Bitcoin somehow magically becomes main stream so I can keep profit from mining on it Grin

good luck with that Roll Eyes

well if you're not bitcoin enthusiastic then why the heck you spending your time here in BCT ??!!! Huh

what are your motives for being here?

No offence but do you have any problem in reading? CIYAM said "Bitcoin will *never* scale up to Visa or Mastercard" and not "it can't never scale up".