Quote from: balu2 on August 20, 2015, 08:48:40 PM

Quote from: BlackJacky on August 20, 2015, 07:42:03 AM

Hi all,

I just heard from an "expert" on Bloomberg that a higher blocksize will result in a lower btc price because more transactions will go through. But why will this result in a lower btc price?!?

Thanks in advance

Cuz it introduces all kinds of technical issues. If xt ever happens (i doubt it) you'd see it turned into a shitcoin with problems to sync up and huge recource consumption. People will very easily go for another coin then.

Also the risk of two viable chains existing after fork will spook investors massively and btc won't be worth a lot anymore until the fork happens. Could be near worthless after fork.

I don't think bloomberg knows this and they are talking out of their ass as usual btw.

It won't magically increase all sync time and recource consumption.. It is just future proofing the system so we don't have to deal with it when it starts to become a real problem...