Should have been at least 2-4MB some time ago.
i disagree.
we need to increase the block size but things are not that bad if we only see legit transactions in the pool. right now we have a massive scale spam attack which is increasing the number of unconfirmed transactions.
https://bitcointalk.org/index.php?topic=1776143.0the thing about blockchain and bitcoin is that you can spam but you can't hide.
Eh... spam attack or not, blocks are full... and fees are (too) high. Wasn't "cheap and fast" transactions one of the major advantages of bitcoin? Bitcoin is neither at the moment... The only thing it currently still has is decentralization, well sort of atleast... Increasing the block size isn't a permanent scaling solution IMO but it is the temporary one we NEED right now until LN arrives. People are running away from bitcoin and going into altcoins atm because they're cheaper and faster right now...
blocks are full because of spam attack. before the spam attack blocks were bare full and number of unconfirmed transactions were about 2K (normal).
fast yes, and it is still fast to send but slow to confirm
cheap, i don't remember ever reading cheap transactions in the bitcoin paper
- i am not arguing that we don't need block size to go up, i am saying we need it but lets not be fooled by why blocks are full and mempool is this big
people running away? don't make me laugh. who in his right mind is giving up bitcoin to go to a manipulated altcoin with 80% pre-mine and developer holding all the coins in existance?
Cheap wasn't in the bitcoin paper, I'm not denying that but it is what the community said, just google: "bitcoin advantages" and look at how basically all of them include "low transaction cost".
Blocks aren't full because of spam attacks, without spam attacks the blocks would be full aswell, the spam attack just makes the waiting queue even longer.
Can you name an altcoin with a market cap higher than $50 million that's manipulated, 80% pre-mined and where the developer is holding all the coins? LOL
google "bitcoin advantages" and you see things like "get rich quick" and "to da moon" and also you will see lots of "bitcoin is dead" "going to zero" etc. it doesn't mean they are correct. random people say random things.
before spam attack they were barely full.
yes: ethereum. the dev dumped 1 million dollar worth of it last year when its price was at its peak, the foundation also holds a very large portion of the supply and they do pump and dumps regularly.