Quote from: classicsucks on March 16, 2016, 06:21:27 PM

Disclaimer:
Classic sucks. But blocksize needs to increase at some point.

I just want to throw this out there: I believe the BTC price is being kept up by long-term holders like the Winklevii, and that 1MB blocksize allows big traders like them to saturate the network capacity with buy transactions. I can't prove it, but I believe that big traders just buy their own coins back and forth through the exchanges anytime there is a dip, since there is no regulation against this. Every time I look at block explorer, I see transactions for 15K+ BTC listed. Looking right now I see a transaction for 626,839.53 BTC - that's almost 300 million USD! This is likely SPAM and/or speculation by a whale. Somebody must be buying up all of the coins that are mined each day by China to keep the price up (technically, mining is inflation).

It's also likely that big financial players are deliberately shorting BTC and trying to drive the price down. Again, there is no regulation against shorting your own coins, so this is easy if you have 100 million to play with.

Obviously Core devs, large holders of BTC, investors in the crypto space, and most people on this forum want the price to stay up. If somebody did succeed in shorting the price way down, they would likely be working in the US government's best interest. I believe that small blocksize is a cap that mitigates this risk.

I don't have proof of any of this, but it makes sense to me.

If the offchain solutions become widespread, than that some point will become like 25 years.

Definitely not in the near future, faucets will have to have offchain transaction solutions like faucetbox and LN.