Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
AliceGored
on 11/03/2016, 21:48:23 UTC
"We can't have 1mbforevah"
"We want 1cent-txsforevah" (and if we get to 2 cents we say the network is down to its knees because we didn't pay the 2-3-5 cent fee)

Newsflash: The system is not based on the premise of 1 cent txs forevah.

Fees are dynamic, based on the load. You don't pay the fees => you get in line. And wait.

The network operates normally for those that follow proper tx pricing. If they don't, it's usually because their wallet makes wrong assumptions about fees. They should upgrade to core 0.12. But then they'd have to download 10gb txs and 60gb spam... ooops.

My quantum experiment isn't quite working as well as I'd hoped.

It boils down to this:

Those in favor of lifting the central protocol limit are not in favor of unlimited free transactions... they are in favor of miners determining pricing along their supply curve. The fact that you insist on running your solo mine with 0 tx blocks proves this point. There is a cost to the miner in mining larger blocks, both directly (stale risk), and indirectly, in terms of overall network health.

You, otoh, insist that miners need the steady hand of blockstream to determine where that supply curve abruptly stops. The core dev's are the power rangers protecting the system from outright collapse under the load of massive free spam being shoved into blocks. Of course that part isn't centralization tho.