Post
Topic
Board Bitcoin Discussion
Re: Blocks are full.
by
countryfree
on 23/01/2016, 00:32:09 UTC
I don't understand why most miners don't want to see big. We need to find a solution which would allow one hundred times more transactions. Let's imagine 1% of humanity doing one transaction each day. Does that sound crazy?

That would be 71 millions transactions each day but the network is already stressed at 200,000 daily transactions. Unless there are major changes, I can't see a bright future for BTC. And change must come as soon as possible. Every single day without a change makes investors less confident.
I don't see why investors should become less confident. Bitcoin works and has a very strong network at the moment. The Core contributors are working on several improvements to the infrastructure that should enable the network to increase the block size. However, only off chain solutions such as LN solve this problem.

Have you met a banker recently? Or asked for a loan? The network's quite adequate at this time, but this hardly matters. This is only the basic prerequisite before an investment shall be considered. And every eventuality shall be taken into account before money is to invested. It's like getting an insurance for your car. If there's a 16-year old in the house, it will cost more.

I know and understand that several talented programmers are working hard to make BTC better, but they've been doing that for over 6 months! I want results. Investing in BTC today would be like investing in a company where the CEO is paralyzed.