Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)

Increase the block size and if Core takes to long to do it then an alternative implementation of Bitcoin will.

"IF?" "IF?" "IF?"

From where did this wild "IF" suddenly appear?

All summer long, you Gavinistas were screaming that Core has already taken too long, and as a result Bitcoin is (for the greater profit of Blockstream) choking and dying, thus justifying hearn@sigint.google.mil and gavin@tla.mit.gov's governance coup.

Now that XT got fukkin' rekt, you want to backpedal to a conditional hedge?

Get your story straight, chump! Cheesy

I think we should increase the blocksize before the network becomes overloaded. However if Core and the community does take to long and the network does become overloaded then I am confident that another implementation will increase the block size instead. Allowing the network to become overloaded would hamper adoption and confidence in Bitcoin that is why I think we should increase the block size before that happens. There is no backpedaling in that, it is completely consistent with what I have been saying before.

There is no such thing as the network being "overloaded". Users paying enough fees will get their transactions processed and others will have to wait. If they decide that the wait is too long they will find another alternative for whatever transaction they wish to process.

Moreover, this network "congestion" has little impact over nodes and miners. Coincidentally they are the one to decide whether or not an alternative protocol is to be implemented.

You start under the premise that Bitcoin adopters are dying to transact over the network. Reality indicates quite the opposite. Again, you are conflating your delusions of Bitcoin adoption and what you would like it to be with what it actually is and how it is currently used.