Post
Topic
Board Beginners & Help
Re: Increased Block Size - how will it affect me?
by
ranochigo
on 14/06/2015, 07:30:49 UTC
for us users it's only a benefit. you just have to update your wallet and that's it. same as pools and nodes. there is nothing you have to worry about.
Users can experience a inflation of block size increment if they use full clients. Eg. Bitcoin Core. It may be a problem for people will lower bandwidth allowance or disk space.
So I am a Bitcoin user, I don't mine, I don't have a node, I do keep the blockchain upto date on my PC and leave it open so people can upload it.
I am basically a simple Bitcoin user.  If and when a hardfork is done so that more transactions can be done per block (say 1mb now to 20mb after the hard fork), how will that affect me?

If I only use Blockchain or another online wallet, will I have to do anything, or will it pass me by completely?

Do I just have to get a new Bitcoin QT after the fork? Will my current version stop working?  Will I have to redownload the blockchain (I bloody hope not!).  I have posted this in Beginners as it is a basic question that interests me as a basic bitcoin user and will probably interest true beginners too.

It shouldn't be a concern for a user per se. If you're using online wallet services like blockchain.info or coinbase, it something you have to do nothing about. So, you need not worry about it Smiley
Coinbase can choose to not switch to the new fork and you may lose your Bitcoins since they don't provide you with private key. [Same with other online wallets which doesn't allow you to fully control your private key).