Re: What happens if BU fails VS What happens if SegWit fails
There are no clear consensus to Bitcoin scaling problem but whether BU or Segwit will not be implemented for now will not be a problem in Bitcoin cause this currency will still move forward.
The bitcoin network can still handle the volume of transactions in a daily basis with the drawback to pay high fees in order for your transactions to get confirmed faster.
I think this problem will remain for many years if the community continues to debate and argue for betteflr solutions.
The bitcoin network can still handle the volume of transactions in a daily basis with the drawback to pay high fees in order for your transactions to get confirmed faster.
I think this problem will remain for many years if the community continues to debate and argue for betteflr solutions.
If by "not a problem" you mean its ok for Bitcoin to possibly lose opportunities for investment, mainstream adoption, and continued clear dominance as the #1 crypto, then sure, its not a problem.
Just seems to me that where the current bitcoin core devs seem to think. Thus gridlock. But more daunting is no one is talking or trying to solve the issue on one or both camps.
Again...frigging stalemate
Maybe many are undecided because they rather remain in the status quo than see Bitcoin fuck up.
The agenda of core/blockstream is clear and whether there points are right or wrong, i don't expect them to compromise.
I don't see however the reasons for BU to not compromising. Many of them seem to care about Bitcoin and want a good solution.
The emergent consensus seems to be their biggest hold up. Why are they still pushing for it. Why not just go for a quick increase of blocksize to 2MB? Try it on for size, see how the network acts, which would be valuable information for further increases. It would be a small but immediate and safe relief and it would buy time to test the emergent consensus more or look for different options. I'm sure this would also attract a bunch of developers to this solution. I'd expect also many undecided to jump on that wagon, so why doesn't BU compromise to this? What are there reasons to push fore there solution without compromise?