Post
Topic
Board Bitcoin Discussion
Re: "Remove Mentions Of Low Fees And Instant Transactions" from Bitcoin.org
by
simonbtc
on 24/07/2015, 15:16:03 UTC
Please fuck off with your bullshit.

He is right, some developers want BTC to become some sort of elitist piece of shit where fees may become more and more expensive to the point it's used only by people buying millions. This would be a catastrophe and those devs seem to not care.

@AtheistAKASaneBrain Partially :-)  I'm not advocating for this change, just trying to let you guys know what is happening.

honestly i don't see anything that needs changing. you are saying that the "fee market will likely develop" but there is no change in the fee market! it has been as it was before.

@pooya87 @AtheistAKASaneBrain Some Bitcoin Core developers want to keep the block size at 1MB to encourage a fee market to develop, and ultimately have Bitcoin become a settlement system where the majority of transactions occur off-chain on payment hubs and sidechains.  In such a situations, any attempt to send a free or low-fee transaction on the public blockchain will likely be discarded or face significant delays.  Thus some developers feel it is wrong to continue to promise free and fast transactions:

Quote
Some people have called the prospect of limited block space and the
development of a fee market a change in policy compared to the past. I
respectfully disagree with that.

http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-July/009515.html

If the user expectation is that a price would never arise because
supply is going to be increased ad infinitum and they will always be
able to send fast in-chain bitcoin transactions for free, just like
breath air (an abundant resource) for free, then we should change that
expectation as soon as possible.

http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-July/009564.html

Other developers believe the block size should be raised to increase the capacity of the system and help keep fees to a minimum, which is more in line with the original vision of Bitcoin as a fast P2P cash system without intermediaries.

Quote
For the entirety of bitcoin's history, absent long blocks and traffic
bursts, fee pressure has been largely absent.

Moving to a new economic policy where fee pressure is consistently present
is radically different from what users, markets, and software have
experienced and *lived.*

http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-July/009519.html