Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
People that want a bigger block are just socialists that want their free transactions.
Bull. Fucking. Shit.
Do not ascribe to me characteristics which I do not possess. You seem to be so blinded by your ideology that you cannot even allow for your opposition to possess humanity within.
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Fees is what pays for the security of the network. The block subsidy is temporary. The total value of the fees correlates directly into a level of security.
We don't need to rehash this truism. We all know this.
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Fees will be lower overall with a larger block size (more supply) so security will be lower.
Another bald unsupported assertion. Show the analysis please.
An alternate hypothesis (one I deem more rational) is that per-transaction fees do not need to rise to untenable levels, should more transactions be allowed within each block. Well, that's not a hypothesis, that is a provable fact by appeal to simple arithmetic. The hypothesis is that total fees will be larger in this case than they will be in a smallblock world.
Here is another hypothesis, one many deem plausible: that faced with a Bitcoin with little utility because it does not support enough tps to allow a person to use it directly, and the option of XCoin (I hope there is not real coin named XCoin - this is just a variable) with all the characteristics of Bitcoin save its blocksize limitation, enough will adopt XCoin because it provides them real utility, such that XCoin will overtake Bitcoin in transaction volume, monetary volume, and mining concentration.
