Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
BlindMayorBitcorn
on 28/12/2015, 00:08:50 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.

I absolutely share your thoughts here. It would have given some breathing room and some very helpful data to plan for the future. It also would have largely ended the bitter division that the community is suffering.

Agreed.