Post
Topic
Board Bitcoin Discussion
Re: Coinbase CEO disagree with "The Bitcoin Roundtable Consensus Proposal"
by
franky1
on 22/02/2016, 12:14:16 UTC
Why the urge to increase the blocksize?
I know that we need it, but we don't need it NOW, most block aren't 100%(or close to that) "filled".

yes they are, 90% of blocks are over 900k of data.. the 2mb rule is not something that forces miners to make blocks over 1mb.. its to a a safety buffer to allow blocks room to grow, even if it takes months or years. having a buffer is about allowing growth naturally and at their own pace, not forcing growth.

I wouldn't call that 90%
https://blockchain.info/charts/avg-block-size

This week most blocks are over 900K, OK, but it will probably come a bit down at any moment. It just keeps going up and down.
Ofc it needs to be increased sometime soon, but it's totally dumb to be "OMG INCREASE IT NOW. ARE U NOT GOING TO INCREASE IT? SCREW YOU, I'M GOING TO MAKE MY OWN FORK OF BTC, GET REKT".

lol ok here is some maths.. you can even use a calculator
9 blocks of 900,000 bytes and just 1 block of 250 bytes WONT show as an average of 900k.. but an average of 810k
900000
900000
900000
900000
900000
900000
900000
900000
900000
250
810025

so even with 90% of blocks being 900k or more.. the average shows as only being 800k.. actual data vs averages dont show the same result

secondly try to rewind your mind back to 2013. where many blocks were only 450k ... now imagine if the block limit was only 500k.. and core wanted to wait 2 years to upgrade it upto 1mb... for the very same reason you are debating..
now imagine what would have happened to bitcoin if the block limit was only 500k right up until 2015..(last year)
then use that scenario to open your mind to the current situation