Post
Topic
Board Development & Technical Discussion
Re: Really not understanding the Bitcoin XT thing...
by
luv2drnkbr
on 01/09/2015, 05:34:10 UTC
As for the big block mod.  I guess I just don't see the value in it. jumping to 8megs on start, then auto-adjusting for transaction volumes would undermine the transaction fee market that is supposed to develop to priortize transactions.

So for all these years that Bitcoin's been trucking along working beautifully and gaining more and more mining power while never coming close to the cap, suddenly now when it threatens that system and prevent users from being able to make transactions, suddenly now you think it's a good idea to let that happen, even though Bitcoin's been working great without an effective cap for years?

Bitcoin's usefulness relies on people USING it.  You think clogging it up so that it becomes more expensive and less useful to users is the best long term approach to scaling and/or maintaining Bitcoin's value?

Jesus Fucking Christ, you guys are either stupid, insane, or short-term financially motivated.  There's just no nicer way to say it.