Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
BlindMayorBitcorn
on 28/12/2015, 00:00:18 UTC
I don't think anyone is suggesting that all nodes and miners should be compelled to stop enforcing a block size limit.  I think it's more of a question of how that limit should be determined.  Should it be decreed by experts in a "top-down" process, or should it emerge naturally through a "bottom-up" process? 
Don't use this word just because you support that idea. There is nothing natural about the process that you are proposing.

It will be based on user feedback, but not something out of thin air, Users must physically experience the problem and send their feedback to change the current design

Are Blocks Filling up, and Is That a Problem?
It is not a problem and shills are trying to exaggerate the situation. However, one has to keep in mind that a single event could trigger a huge increase in the amount of transactions (we are not prepared for this).

A single event like this?
https://www.reddit.com/r/Bitcoin/comments/3yfxm4/custodial_wallet_users_gated_just_waiting_to_be/
Quote
Coinbase alone claims 3 million users: http://reddit.com/r/Bitcoin/comments/3ye8zv

Even if only 1/3rd of them hold a balance, that means if suddenly half of the block space was to be consumed by Coinbase withdrawals, it would still take several days for all 1 million user's withdrawal requests to be processed (due to block size restriction).