Post
Topic
Board Bitcoin Discussion
Re: Higher Blocksize = lower BTC price...Why?
by
countryfree
on 20/08/2015, 23:19:10 UTC
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

I suggest that guy to get into mining, to make another fork with smaller blocks and see for himself if that raises BTC's price. I'm afraid this isn't going to work, but that expert probably won't believe it unless he sees it with his own eyes.

Price is fixed by market, which doesn't care at all about block size. The only thing which matters is demand, now and in the foreseeable future.