Post
Topic
Board Bitcoin Discussion
Re: The Blocksize Debate & Concerns
by
RealBitcoin
on 20/06/2016, 23:20:21 UTC
1) The sacred Bitcoin Protocol: I think the current proposed HF from 1mb to 2mb wont make or break anything. But, it'll set a precedent that bitcoin protocol can be changed according to the demand of a cheering crowd. In future, there may be a cheering crowd to raise 21m supply cap. Question is what we do then?

Yes combine 1) with 8 ), and if the community gets hijacked by socialists, they will demand a wealth redistribution mechanism to be implemented in the protocol.

It's sort of an extreme example, but it is plausible. So that is why change has to be very hard to make, and well tested and thought out before it happens.

What will we do then? Nothing, by then the entire community is just destroyed. We need to prevent this from happening.

2) I meant fungibility, i always mix the two. I`ll corect it.

5) Yes, as soon as it would exist, nations would start hacking eachother , and it would be chaos , but i dont think it's possible to exist

7) Yes, but delaying good info is not incentivized. They can earn money and fame by helping bitcoin, so it's against their incentive to do that.

8 ) Yes, but that is why i wish the old guard to stay, so far they have the most coins, and they are the most reputable people for bitcoin, so if they dont sell their coins, we will always have good people controlling the coins and influencing the community with pro-bitcoin spirit.