Post
Topic
Board Development & Technical Discussion
Re: How a floating blocksize limit inevitably leads towards centralization
by
solex
on 19/02/2013, 19:09:27 UTC
Competing centralised services built atop of Bitcoin to cater for micro payments will not only be more efficient and cheaper ...

These services do not exist yet. It is the root of the problem because the 1Mb limit will cripple bitcoin (later this year) before such services can take over micro-transactions (several years away). The limit needs to be flexible enough to allow bitcoin to work as it does now, until/if synergistic competing services develop on their own merits.