Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
iCEBREAKER
on 23/04/2016, 00:12:34 UTC
If Bitcoin had allowed the blocksize to grow back in 2012 - 2013, the Chinese ASIC manufacturer's would have been forced to sell their ASICs for export rather than operate them themselves locally and this would have prevented the concentration of Bitcoin mining in China.

This is just not true for numerous reasons.  You're basically saying we needed to spam blocks with bogus transactions for years on end to prevent an ASIC empire from growing in China.  If a larger block size existed allowing people to do things like this, people would have implemented something like a hard coded min transaction fee or just lowered block size to fight against it.  ASICs in China isn't a big problem because it's just a symptom of everything on earth being manufactured in China.  This will inevitably cease to exist through either tariffs or war.

The Sinophobic Yellow Peril nonsense isn't supposed to be true, it's supposed to be an indictment of the ostensibly horrible job Core is doing.

The other untrue part of his post was a regurgitated talking point about 1MB "stagnating."

The "Ode to 1MB Stagnation" song playing on AM's tiny violin get funnier the more obviously at odds to reality it becomes.

https://github.com/bitcoin/bitcoin/pull/7910

*STAGNATION INTENSIFIES*

 Tongue