Quote from: yayayo on September 19, 2015, 03:39:25 PM

Quote from: knight22 on September 19, 2015, 03:18:29 AM

This is yet to be seen (which I am not really optimistic to be honest), otherwise expect a more aggressive fork that would cause a split. I would gladly support that if it means leaving "bitcoin that doesn't scale" right where it belongs: dust.

Man, I really don't know what you are doing here, since you are so unsatisfied with Bitcoin the way it is (currently zero issues with blocksize for non-spam transactions despite Hearndresen-FUD the system would break). Personally, I came to Bitcoin because it is a one-of-a-kind decentralized and secure store of wealth and transaction system without counterparty risk. Otherwise I would have been satisfied with Paypal.

It seems to me that you want "scaling" at all costs, even if there is no current demand and this means giving up decentralization. Also, you want to scale the dumb way by implementing extremist block size increases only, instead of using much more efficient second layer solutions. Therefore I don't think it's Bitcoin you want (as indicated by the message in the genesis block) - you want a Paypal 2.0.

There's a promised altcoin* out there that promises to satisfy this need: It's named Hearndresencoin / GavinCoin (short: HDC / GVC). Although it seems to be failing to get sufficient support to achieve its mere existence, competent altcoin adopters like you will surely push it for success... so I suggest you should join the altcoin boards full time and don't waste your time in a Bitcoin forum any longer.

*) Why promised altcoin? Because Hearndresencoin doesn't even have its own blockchain (it tries to live on Bitcoin's resources) it is not yet able to execute its core altcoin functionality (other "features" like IP filtering already work though). Therefore HDC is a promised or double-virtual altcoin.

ya.ya.yo!

there is demand, and lots of it. Fidelity Investments‎ is one of many.

"second layer solutions" are a nice idea but have yet to implement let alone proven, its going to take years to have a proper second layer and years more for it to prove itself.

"GavinCoin" failed because of many things, the least of which are bigger blocks.

the simple fact remains if bitcoin doesn't scale ( with big block or second layer ) soon ( within a year or 2 i guess) there will be a huge demand for an alternative solution, and we could very well see an altcoin capture a significant % of bitcoin's market cap.

i always said that altcoins will never have any change at taking over bitcoin, because bitcoin's code isn't static it's protocol has the ability to " learn and adapted", but if this proves false, then altcoins suddenly looks more promising, and then economic incentives ( altcoin4KTPS is in a bull market, while bitcoin is losing market share ) i could see a complete switch taking about 3 months.

luckily most of the devs do not share the extremist view that block size should always remain at 1MB, I read some of the top devs commentary, and it seems clear that they are simply delaying the increase to implement some optimizations which allow for bigger blocks being less of a burden on full nodes. I am confident bitcoin development will continue to outpace/outperform altcoins dev.

we will have optimized code, we will have bigger blocks, we will scale this thing sky high. all in good time.

also, sidechains are not a scaling strategy they are likely to increase TX on the main chain considerably actuly. ( another reason to scale the main chain...) lighting network will also be instrumental in scaling bitcoin, trying to scale bitcoin skyhigh requires all possible solutions.