Post
Topic
Board Bitcoin Discussion
Re: Why i think we should reduce the block size
by
wisqo
on 24/02/2017, 09:04:02 UTC
I am serious and challenge you to prove (this means i want to see some proof not speculation) me wrong. Bitcoin price is at an ATH, so are unconfirmed Transactions and the fees. Everybody is talking about scaling up while the number suggest we should scale down. Nobody uses Bitcoin as a currency to buy stuff, everybody is holding and in for a profit, so the fees do not matter. Let us maximize the profit by setting the blocksize to 0.5 MB.

I think you do need to realize that bitcoin is definitely used for purchases. Many online services such as VPN providers, email providers and many many more provide bitcoin as a form of payment and plenty of people like myself use bitcoins for purchases.