Post
Topic
Board Bitcoin Discussion
Re: Hearn's "Faith in Humanity Shaken" after People Awaken to His EVIL Plan!
by
jonald_fyookball
on 16/01/2016, 03:46:45 UTC
Hearn simply does not understand bitcoin.

He thinks it is suppose to be Paypal with super fast transactions.  


What's do you mean?

Hearn and Gavin want Bitcon to scale on the main chain,
which is a no-brainer good idea.

It's Greg Maxwell/Blockstream that 
want Bitcoin to be a settlement layer.



Why increasing blocksize is a good idea?  It will kill decentralization which is already a problem for bitcoin.  The chain is already over 60GB.

I'm not sure why they even discuss this, there is no problem.  Hearn wants fast transactions, I'm not sure why he even worked on bitcoin, he should have started his own altcoin long time ago.  I guess now he will.

You want fast transactions? You pay for it.  Problem solved.  Next.

The block size growth should be kept below decline of hardware prices.  Otherwise you pushing cost of running the network on miners and nodes.  Running a node is already a form of taxation.  Decentralization is a key feature of bitcoin and it should be protected, IMHO.


You have to have bigger blocks if you want more transactions, that's why.

It won't kill decentralization... many people have bought into that idea
and Blockstream would love for you to believe it, but
certainly we can raise the limit by a few MB for now.

And no, don't be silly...Hearn isn't going to start an altcoin.  
He's done with crypto obviously.