Post
Topic
Board Speculation
Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
by
iamnotback
on 04/12/2016, 11:19:02 UTC

Looks like a serious breakout to ATHs is within months:

Core is working on a 2mb hardfork proposal, testing is in progress! Amazing news!

" 4) Some of us also agreed to work on another hardfork proposal including a 2 MB "no wallet changes necessary" block size bump, which we've been making progress on over the past year, including even after conclusion of the original agreement (there is currently a testnet for an incomplete version running)."

http://np.reddit.com/r/Bitcoin/comments/5gcg98/will_there_be_no_capacity_improvements_for_the/darfdyg/

Note they need the raise the upper limit of block size (while lowering the average block size with the one-time SegWit compression) in order to accommodate surge load and also one of the flaws of Lightning Networks is it can place very high surge load on the blockchain.

So although this isn't the fix for the long-term, it is a near-term solution to open the throttle on Bitcoin adoption.