Post
Topic
Board Bitcoin Discussion
Re: Simplistic fix for blocksize problem...
by
VeritasSapere
on 30/09/2015, 18:10:40 UTC
There is a stupid simple way to not destroy bitcoin's value and cause forks and still allow for wiggle room when it comes to blocksize:

For smaller faster transactions;  just use a frikken altcoin thats based around speed....

That is all.  Simple right?

I don't see why people can't wrap their heads around this simple concept..... and instead they would rather risk everything falling apart over a whole redesign of the currently stable system.

Input?
1. so when selling bitcoin, it causes a price movement. so it will affect the price
2. an altcoin is a form of a fork, because a fork is a new/different chain.. so swapping one coin for another is similar to having two chains with different code...
3. there is already 300+ coins.. and 3 that are getting popular. yet none of these have solved the blocksize problem
Some of these altcoins have solved the "blocksize problem" by either using incentivized full nodes or by just increasing the blocksize. Increasing the blocksize is a solution to the blocksize problem after all, the problems that Bitcoin faces are predominantly political in nature, which is in part why some of these altcoins do not have this issue and can handle much larger throughput then Bitcoin can today because of different innovative solutions that have already been implemented.