Quote from: spartacusrex on March 24, 2017, 12:40:58 PM

The Tale Of Bitcoin

Once upon a time there was loads of space in blocks. And all the TXNS lived happily being processed quickly.

Then the number of TXNS become so large that the blocks were full.

The Blocksize was increased. (This has already happened in the past)

The number of Nodes running the FULL version of Bitcoin shrank.. (more resources required - bandwidth / storage etc..)

La la la - all the txns are happy again, as the blocks weren't full, and they could all be processed quickly.

Then the number of TXNS become so large that the blocks were full.

The Blocksize was increased. (This has already happened in the past)

The number of Nodes running the FULL version of Bitcoin shrank.. (more resources required - bandwidth / storage etc..)

La la la - all the txns are happy again, as the blocks weren't full, and they could all be processed quickly.

Then the number of TXNS become so large that the blocks were full.

...

BU : We want Bigger blocks again!

CORE : Well.. every time we increase the Blocksize we have PROOF that the number of full nodes decreases. This will obviously end with a single digit number of miners being the only ones even capable of running a full node. Let alone mining. Not great for decentralisation. Let's try a different route ?

BU : NO! We want bigger blocks. And Give the power to increase the size to the Miners..

CORE : But we just explained how we feel this will destroy the central premise of Bitcoin ? And give FAR TOO MUCH power to a handful of miners.

BU : SHUT IT! We want bigger blocks. And if you don't give it to us we're going to split the network! And give the power to the already overly-powerful Miners.

CORE : Well - we have a solution that gives us INFINITE capacity without increasing the Block size ? Are you interested now ?

BU : NO! NERDS!.. Give us Bigger Blocks!

..

.. boom. The End.

And this is how Bitcoin died sweetie. Lol... This was good