Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
figmentofmyass
on 24/09/2015, 23:25:17 UTC


Look Peter it's quite simple, either you accept that for the block size to increase consensus needs to be reach by all actors of the Bitcoin market or you continue pretending that the demand of consumers & merchants for lower cost transactions will move the needle which it won't in that case if they "fork" it will be in their own cheap little altcoin.


You love going around in circles, don't you? 

As knight22 already explained a few times, there's no such thing as perfect consensus.

Do you refuse to accept the possibility that an economic majority will have their way and increase the blocksize even though you don't agree?

isn't the very idea of an "economic majority" tied to consensus? if the miners don't support industry players, that doesn't mean the miners can be ignored. the lower we place the threshold for a hard fork, the more likely we will see a "civil war" play out as Nick Szabo pointed out. that's why hashing power is paramount to the concerns of Bitpay et al.