Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
AlexGR
on 20/04/2016, 19:18:50 UTC
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Quote
I don’t believe fees will become high and stable if Bitcoin runs out of capacity. Instead, I believe Bitcoin will crash.

Mike Hearn on May 7th 2015

https://medium.com/@octskyward/crash-landing-f5cc19908e32#.bxovk7dwr

On a related discussion, back then, about the above FUD/"prediction".
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We've actually hit the soft limit before, consistently for long periods and did not see the negative effects described there (beyond confirmation times for lower fee transactions going up, of course).
....
The comments about the filling up memory stuff are grimly amusing to me in general for reasons I currently can't discuss in public (please feel free to ping in six months).