Quote from: franky1 on March 15, 2016, 04:59:32 PM

Quote from: malickie on March 15, 2016, 04:52:43 PM

Everyone has their own reason why they want it one way or another. In China's case they want the blockchain to stay at 1MB due to being behind the Great Firewall as it is called. The issue with them would be the fact that it would take longer for them to hit a block than it currently does because it would add more data to get through their Firewall. Although that isn't such a bad thing, it would cause Mining Power to shift a bit and would probably in all honesty make the Mining Powers more diverse than it currently is.

Raising the blockchain limit to 2MB also causes another issue with Hard Drive space. Some people tend to think that it would create an issue for people running Nodes currently because the blockchain size would increase too much causing people to have to shut down nodes.

Either way you go about it, this whole blocksize debate is somewhat negligible. Typical growing pains of a technology getting a lot of recognition and adoption. Same thing happened with the internet when it first started. Their would be times people wanted to get online but couldn't due to network congestion at peak times. More or less the same thing that is happening to the blockchain. People want to make a transaction and can't because there are a bunch of other transactions being processed so there is a delay. Of course now we have the internet as we know it without having to use phone lines etc. My basic point here is that it will eventually sort itself out in the end just as the internet did, just takes some time to get things sorted out.

wrong
the miners are not that worried. because all they need to do is SLOWLY take in transactions as they get relayed (not in one lump) through the great firewall (not a problem)
then inside their building the computer at the helm of the pool does the computing (handles it within the computer so doesnt care about the internet at this point)
then it sends out a short bit of code to the asics which, the asics then hash away at until they find a solution and the solution is a short bit of code too.

then the miner just needs to send out one block to the network.

secondly. although you may not realise this.. the main pool computer is not in china. just the ASICS.. so the amount of actual pools where the validation of txs are done before ASIC hashing.. is not really behind the great firewall.

so relax about that doomsday prophecy

That's interesting, good insight. Didn't know that. Last I heard it would slow down their ability to process blocks with an increase in blocksize, although that is what I read in a semi main stream media outlet so there is that to contend with. Knowing the actual Technicals helps, which you seem to know so at least that is helpful information. I do appreciate your input though and it is helpful at least.

All I will say at this point is people need to research more. The inherent problem of course is finding a reputable source or sources to take your information from. Although honestly that is a larger problem than just Bitcoin issues. Too many media outlets and every one of them seem to think they know exactly what they are talking about.