Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Fatman3001
on 12/03/2016, 10:02:28 UTC
Quote from: molecular on March 12, 2016, 09:41:54 AM
Quote from: AlexGR on March 11, 2016, 08:29:51 PM
Quote from: adamstgBit on March 11, 2016, 08:04:05 PM
AlexGR, do you allow for the possibility that maybe small blocks isn't a good idea?

Timing is crucial.

Even 1TB per year blocks (20mb/block) will have its time when 20mb/block will be "alright".

Upgrade too soon, you'll have 10gb txs and 990gb spam.

Upgrade on time, you'll get 800-950gb txs and 50-200gb spam.

I don't understand why it's spam when it pays a fee. Miners are free to exclude tx if the fee is too small.


I sort of like his moral approach to txs. Maybe we could introduce KYC on protocol level and purge the system for drug and CP payments as well. The latter seems even worse than spam txs.