Post
Topic
Board Development & Technical Discussion
Re: Blocksize needs to be increased now.
by
Cryptology
on 05/01/2016, 08:03:41 UTC
We are reaching the blocksize limit fast and delays in confirming transactions with standards fees is becoming noticeable. A consensus needs to be found quickly otherwise Bitcoin is going to choke in unconfirmed transactions soon.

https://blockchain.info/charts/avg-block-size?showDataPoints=false&show_header=true&daysAverageString=7×pan=all&scale=1&address=

2015 called.  It wants you to give back it's clever strategy to sell XT using fear/panic about Bitcoin's impending D000M.

If you "Bitcoin is going to choke S000N" types were serious, XT would change to a different/modified PoW at the same time it attempts (via contentious hard fork) to impose blocks >1MB on the (demonstrably unwilling) rest of the system.

Why not just do an extra round of SHA256?  Existing ASICs could do that with firmware/driver tweak.

The reason you don't do that is you want to hijack Bitcoin and destroy its interesting property of being diverse/diffuse/defensible/resilient.

The sooner you fork off and stop trying to attach GavinCoin to Satoshi's coattails, the better.

Are you out of your mind? So you think that pointing out the FACT that blocks are fuller and consequently the backlog of unconfirmed transactions will grow and that the only available solution right now is to change that bloody parameter equals a "clever strategy to sell XT using fear/panic about Bitcoin's impending D000M."? Dude I'm not selling anything. Not even the ideology of a European far right party like you do.  As a matter of fact I cannot care less about which side gets to win this battle as long as Bitcoin continues to live and grow. I'm just a bitcoin enthusiast and investor concerned about egomaniacs and fanatics like you bringing down the most exciting libertarian financial innovation the world has seen in modern times. When I come across characters like you I realize that the possibility of Bitcoin splitting into 2 or more stable blockchains is more probable than I would like it to be.