Quote from: Umotand on August 22, 2016, 01:48:29 PM

Quote from: deisik on August 09, 2016, 10:16:54 AM

Quote from: pedrog on August 09, 2016, 10:12:30 AM

Quote from: deisik on August 08, 2016, 06:11:14 PM

Increasing the block size would evidently decrease fees since there will be less competition between the senders of funds for the inclusion of their transactions in the newly found block, which consists in increasing the fee size (the higher the fee, the faster the TX will be included in one of the new blocks). Miners surely won't like that...

Thereby, the block size is not to be expected to get increased any time soon

You're talking about peanuts.

With increased capacity comes increase in usage and types of usage making the system more valuable.

Do you really believe that increased capacity can somehow lead to an increase in usage? If it were so (simple logic), why had it not been done already (I mean the block size increase) given that miners are interested in "making the system more valuable" as no one else out there? This is not a rocket science or quantum mechanics to get a clue at what's going on...

In short, you are putting the cart before the horse

If there is no increased capacity, there will be fewer people using the bitcoin. For example, the Ethereum is very fast, so there are more people using it.

Increased capacity doesn't affect the bitcoin confirmation times, as far as I know (otherwise it would necessarily affect the miners reward). Though I agree that if the times between confirmations decreased, it would be a significant improvement for the whole Bitcoin ecosystem. For example, with Dogecoin you usually get 2-3 confirmations within just a few minutes. But then again this has nothing to do with the block size. And I doubt that more people are using Ether than Bitcoin...

Where did you actually get that?