Post
Topic
Board Bitcoin Discussion
Re: List of reasons we do not need bigger block sizes
by
BombaUcigasa
on 18/08/2015, 13:57:43 UTC
noone will be stupid enough to pay 1 BTC fee.
Why not?!
Ok, almost nobody. If they would send 1000 BTC then maybe. What I mean is that if someone asks you 500$ for a cofee, you probably won't buy it, but some will. There is a demand for bitcoin transactions and a supply limited by the block size. Right now there is more supply than demand, and you want to keep it this way disregarding the risks. Even if it means a hard fork without consensus and using software controlled by 2 guys with dubious intentions. This is not about the block size anymore, it's about the controversial hard fork. I want the block size to increase, but with a proposal like sipa's with the block size increase following technological growth.
When Bitcoin is dumped to 50 cents, someone will pay 1 btc to save what remains of his btc value. See above comment about brainwashing in regards to the "2 guys".