Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
hdbuck
on 15/02/2016, 12:59:21 UTC
I don't necessarily disagree with you that there will be people that want more than 21m coins.

An argument like that will never be presented "we want more coins and high inflation for the lolz".

It will be presented as "we want cheap txs".... Arguments like "People want cheap txs, who are you to stop that".... Populist bullshit like "bigger blocks" and the "dangers" of "fullblockalypse".

There is no comparison between a hard fork to raise the blocksize and a hard fork to increase the 21 milion cap on supply. The former is a minor property that almost everyone agrees will need to be changed at some point. I owned Bitcoins for years before I even know there was a max blocksize.  I knew of the 21 MM limit before I bought my first coin.  

A slippery slope argument is a logical fallacy.  https://en.wikipedia.org/wiki/Slippery_slope

Dude increasing the 21 M limit and increasing the block size is the same thing.

What? Whaaaaaat?
I'm clearly not aware of that! What are you talking about? What's the link between block size and coins cap?

It is called instigating a _precedent_, changing a protocol parameter such as the 21M limit is 1 line of code, just like the blocksize limit.

Anyway, glad to see that such governance coup is impossible and that nobody, not even core can do anything about it.

But that precedent already exists, since the max blocksize was lowered from 33 MB to 1 MB in mid 2010. Hence, instigating a precendent is not a valid argument.


satoshi himself did it, and not without taking into consideration the huge risks such fork event would bring.

luckily the network was small enough and the consensus was overwhelming back then.

besides he did it to prevent spam and limit the transaction overflow attack vector, and as far as i am concerned nothing changed so far.

thinking you can now contentiously change the protocol without causing a network split, hence damaging it along with its value, is utter delusion: money is at stake here.

it is not that core devs or blockstream or whatever do not want to do it, it is more like they know they can't succeed at doing it.

time to move on.