Quote from: brg444 on August 12, 2015, 01:30:21 PM

Quote from: HeliKopterBen on August 12, 2015, 01:04:39 PM

Quote from: brg444 on August 12, 2015, 07:11:21 AM

This needs to be read by every doomsayers here:

https://medium.com/@allenpiscitello/there-is-no-crisis-20b58e14b09c

More theoretical and idealogical bs

Such arguments! Much convincing!

Here's a quick synopsis of some of the alternative solutions

Quote from: 'https://medium.com/@allenpiscitello/there-is-no-crisis-20b58e14b09c'

Limit Mempool Size
All transactions are equal, but some are more equal than others

~~Replace~~Double Spend by Fee
...

Child Pays For Parent
The solution to having too many transactions in the mempool is MOAR TRANSACTIONS

Wallet Improvements
With enough UI glitter, this shit can look amazing.

Now it might be that I am wrong, and that chap Piscitello is right. Thing is nobody knows.

What we do know is that any increase be it 1.1MB, 8MB, 20MB needs a hard fork, and that a hard fork of this nature will take several months to happen.

What we also know is that the transaction rate is increasing. Whether it is linear or exponential is hard to say, but it is increasing. One effect of this is that average block size is also increasing.

Maybe it will be 18 months before we actually start to regularly see full blocks, if we knew that then we could spend another six months arguing about the values and the schedule. There is a risk however that we could see full blocks sooner BIP101 specified 11 Jan 2016 as the *earliest* date that bigger blocks can be mined. I hope this is timely enough.

I am not arguing we should have bigger blocks *now*, I am arguing that we need to put in place the machinery to have bigger blocks when we need them. Surely you know about the grasshopper and the ant.

The most important thing that has been said countless times, but seemingly never heard is:

If we don't *need* 8mb blocks then *nothing happens*.