Post
Topic
Board Development & Technical Discussion
Re: How a floating blocksize limit inevitably leads towards centralization
by
misterbigg
on 18/02/2013, 20:47:24 UTC
I think we should put users first. What do users want? They want low transaction fees and fast confirmations.

This comes down to Bitcoin as a payment network versus Bitcoin as a store of value. I thought it was already determined that there will always be better payment networks that function as alternatives to Bitcoin. A user who cares about the store of value use-case, is going to want the network hash rate to be as high as possible. This is at odds with low transaction fees and fast confirmations.