Post
Topic
Board Bitcoin Discussion
Re: Blocks are full.
by
AliceWonderMiscreations
on 02/03/2016, 02:32:10 UTC
I am not with increasing the block size, that was just a one-time incident and it's very rare for pools of transactions to accumulate like that, normally my even small transactions doesn't need more than one or two blocks to confirm. I think the current system already proved it's efficiency overtime. No need for a very big change currently.

If a mega merchant as Amazon is accepting Bitcoin as payment option, then all blocks will be full nearly instantly. That might be a reason for them NOT to accept Bitcoin payments as 1MB is simply not enough. 2MB is what we need if we want to attract mega merchants.

Exactly... the risk for big companies like amazon would be way too high that they can not use it after developing it.

If Amazon accepted bitcoin most people would still use credit cards, just like most people buying from newegg use credit card.

Before Amazon's volume could grow large enough for there to be a serious blockchain problem, your typical Tom Dick and Harry would have to own bitcoin and choose to spend it, and that's years away.