Post
Topic
Board Bitcoin Discussion
Re: Why i think we should reduce the block size
by
The_Dark_Knight
on 24/02/2017, 19:02:43 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.
You are suggesting that we throw away the reason for bitcoin to exist at all which is to be a currency the fact bitcoin can be used to trade or to invest is just a secondary effect caused by the premium status bitcoin has as a currency take that away and bitcoin will lose a lot of its attractive.