Re: Gold collapsing. Bitcoin UP.

Quote from: Odalv on July 08, 2015, 10:10:31 PM

I want to say. (English is not my mother tongue)

The more adoption the more spammers. ( if only 0.1% is malicious then it is 1,000,000 spammers for every 1,000,000,000 adopters )
The more full nodes the more upgrade of whole network will cost.

=> result: increasing block size can kill bitcoin

That makes sense. English is my mother tongue, but I can't explain it any more clearly than this:

Quote

Increasing the block size limit will make more of the spam end up on chain, with lower fees. How does that help?

If blocks are 8MB, the fees will fall, therefore the cost of getting 1MB of spam on the blockchain will fall. Moving spam from the memepool (a temporary issue) to the UTXO (a permanent issue) is a bad idea. Increasing the blocksize makes the spam problem worse.

Anyway in the medium run, if the blocksize goes to 8MB, spammers will NOT need to spend 8x more to flood blocks. The necessary fees to outbid normal users will be driven by the economic demand for genuine transactions, increasing the blocksize will not necessarly increase this threshold.