Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
r0ach
on 05/12/2015, 01:33:12 UTC
So what is the general consensus on what the outcome of the scaling conference this weekend might be?

Blockstream has conceded and it's going to 8mb blocks:

"Another idea that has been gathering support is Blockstream CEO and Hashcash inventor Dr. Adam Back's “2-4-8” quick fix, which would incrementally increase to the limit to 8 megabytes in three steps over four years time."

So small blockers are officially dead.  Adam Back is a part of Blockstream.  

It is my estimation that Bitcoin needs around 10MB block size to remove the glass ceiling on price (8MB is close enough), so next stop moon:

https://bitcointalk.org/index.php?topic=1271254.msg13115160#msg13115160