Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
Lauda
on 28/12/2015, 00:03:50 UTC
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).
Well, I wasn't really talking about a event where the existing users would flood the system with transactions. I thought of a event where a lot of people would become interested in Bitcoin/join it. However, the example linked also applies. Even though that is a concern it is not worth risking the whole system over it. I do wonder though why the Core developers don't bump to 2 MB; if we consider all the research done so far I don't think it would have any harmful effects that (too) big blocks might have.