Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
brg444
on 05/10/2015, 17:43:27 UTC
The whole idea of transacting on blockchain is to keep it open, transparent and accessible. Without necessary measures (like block size limit) intended to prevent it from bloating, sinking and eventually getting locked in those large data-centers, Bitcoin won't be any more attractive than today's fiat. As it stands now, Bitcoin does deliver as advertised.
If the blocks became consistently full Bitcoin will not work as advertised. I do know that we are on the same page in regards to this point at least. Smiley

Durrr. Wrong.

If blocks become full then de minimis transactions will either have to pay to play or leave their place to monetary transactions of more value.