Re: Soft block size limit reached, action required by YOU
Last few posts (excluding the one right before this one) show an epic misunderstanding of what's going on. Bitcoin isn't broken, SD didn't break it. It's a sort of thorn in our sides. On the other hand, how can anybody be glad that the blockchain "is being flooded"? We live in a finite universe, you can't fit an infinite amount of anything in anything. The blockchain is no exception. The amount of fees that SD pays is besides the point. The question at hand is, of what value is all the data that's in the blockchain? We have to carry this with us, it makes sense to only take the essentials. If most of the data is noise then it impacts the useability of bitcoin. So for this reason I say that in the case of the blockchain there is such a thing as garbage, undesirable contents.
Look at my last post. I detail some facts about mining and miners. Miners DO have the power (and authority) to censor transactions. They can DEMAND that you pay a higher fee. This isn't a mistake, these are the brakes designed into the system for EXACTLY THIS PURPOSE. I contend that no system exists that can withstand an infinite amount of bad product, waste or whatever you'd like to call it. Further I expressly retain the right to kick this noise to the curb if I feel it will benefit the network.
Good day sirs!
Look at my last post. I detail some facts about mining and miners. Miners DO have the power (and authority) to censor transactions. They can DEMAND that you pay a higher fee. This isn't a mistake, these are the brakes designed into the system for EXACTLY THIS PURPOSE. I contend that no system exists that can withstand an infinite amount of bad product, waste or whatever you'd like to call it. Further I expressly retain the right to kick this noise to the curb if I feel it will benefit the network.
Good day sirs!
I think the fact that Satoshi Dice is a gambling service is what's clouding your judgment.
Imagine if NOBODY knew what all of these transactions were being used for. Then what would people say? Would they still be complaining about too many transactions? At the end of the day that's what this is all about. How many transactions and how much space do we want to store on our hard drives?
Disk space is CHEAP, and getting CHEAPER, and there are ways to innovate storing and downloading the blockchain. The idea that bitcoin should be hardcapped at 7 transactions per second is so ludicrous I really can't believe people are defending it at all.