Post
Topic
Board Bitcoin Discussion
Re: Blocks are full.
by
SebastianJu
on 25/01/2016, 01:40:38 UTC
   All it does is kick the can a little bit down the road.

Right.  Hence the "nothing is better than something".
You're saying you'd rather do nothing (and wait for segwit, etc).

I say something is definitely better than nothing,
even if it does nothing else than promote unity
in the community. 

Dissension is stirring because nothing has been implemented.
I guess core is cool with that.  they've "got everything under
control"...right?



So, does it mean that even if the block size gets upgraded with the hard fork, the transactions will still get confirmed in the same time as proposed by Satoshi, i.e.; 10 minutes or will the blocks take longer based on being bigger in capacity???

The 10 minutes would stay the same after everything settled. The size of the blocks doesn't really matter for the confirmation time.

The only problem on this topic that is time related is, when the blocksize ist NOT raised. Because that will mean that legit transactions will NEVER be included into a block because all blocks are always full and only the transactions with the highest fees get included. So if you included a lower fee then you have bad luck. Bitcoin won't work for you and you won't even know that it will be that way. You will wait only to find out that nothing happened. The fees will rise because everyone will fear that his transaction will not get included and so on.