Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
billyjoeallen
on 19/02/2016, 02:26:26 UTC
I would still argue against favoritism in the fee economics..

The reason this was done is 2 fold.. incentivize adoption to segwit and more importantly Reduce UTXO growth.

I will remain distrustful of Core's leadership and their conflicted interest in forcing the settlement layer architecture.

How will bitcoin scale to the mainstream if it didn't act as a settlement layer for the main chain? It certainly cant get far by continually increasing the block side.
We won't ever need to scale if we don't maintain/increase Bitcoin's utility.  

... and who increases bitcoin utility?

deadbeats ranting and raving on forums about how terrible all the devs are ... or developers adding features, tools, layers, wallets, protocol extensions?

Only clueless dogs bite the hands that feed them.

People like Gavin, Mike and Jeff you mean?  I help by supporting them. I would even invest/help to create some bitcoin businesses if I knew how much blockspace I could use.  There would be huge potential for title registry/xfer, equities exchanges, smart contracts, etc, but I would need to know what sort of fees I'd be paying and to be certain my transaction wouldn't be locked up for days if I guessed wrong.

Core gets no special credit for just doing their damn jobs, especially when they aren't doing them. Too focused on tilting the playing field in their favor.