Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
brg444
on 20/08/2015, 14:37:19 UTC
Higher fees don't remove the upper limit of 7 transactions per second. Is that so hard to understand?
Neither does XT altcoin.  Is that so hard to understand?
XT is not an altcoin. And it does widen the bottleneck until a better scaling solution is in place.

The point is it's still not a very good solution and the bottle neck would not be present without the spam/dust transactions.

It's really that simple.

It's a kick the can down the road situation that amounts to Gavin and Mike throwing a hissy fit.

Do you read the BIP's? Its not like core are sitting there saying 1mb is good forever, just that the solution isn't to suddenly throw 8mb patches into the mix. Further XT is basically Gavin and Mikes coin, are you confident that you want to trust the future of the project to these two dictators who, even if other devs join them on XT, could just do the same thing further down the line when they want to change something else.
I aggree it's kicking the can down the road. It's a temporary solution to a problem that can become significant next year. Adoption of bitcoin can suddenly grow exponential if it becomes popular. Gavin and Mike plan for success. In the future, I hope a scaling solution will be subsets of nodes verifying subsets of the transactions. (Today, everybody must verify every transaction.)

None of the BIPs you talk about have been put in effect. That's why we have XT today.

EDIT: And yes, I trust Gavin more than Wladimir.

Why?

Cause he seems like a nice guy?

Cause he managed to make himself the Bitcoin Santa Claus, the one who couldn't say no to "Bitcoin users" and was always "working for them"?