Post
Topic
Board Bitcoin Technical Support
Re: All about "stuck" transactions and what you can do to fix them
by
Quickseller
on 23/04/2017, 09:32:38 UTC
It's like a city full of cars. The more the cars within that city, the traffic will be heavier and people will arrive from one point to another point longer. This is what's happening to bitcoin right now. We all need to be very patient, because we'll arrive from origin to destination longer than usual. 😁
Or we could do what most cities that consistently have congestion problems do...increase traffic capacity in as simple and cost effective way possible.

You might want to reconsider this analogy unless you are suggesting reducing the blocksize.

-> https://www.wired.com/2014/06/wuwt-traffic-induced-demand/
There are a couple of things that are noteworthy about that article.

1 - From the looks of it, the traffic patterns that the article examined were those that major roadways were operating at a maximum capacity, the capacity was increased, but not enough to satisfy existing demand, so the roadways continued to operate at a maximum capacity after additional travel lanes (ect.) were added.

2 - The article mentioned that reducing travel capacity did not result in horribly reduced travel conditions because citizens were forced to utilize alternate travel arrangements. This is not unlike the fact that maintaining the artificial 1 MB block size limit is essentially picking winners and losers in that LN and other similar arrangements are the winners.

3 - The article praised the former USSR (soviet union) in the fact that their communist structure benefited consumers. Over the medium and long term, communism (and the very similar socialism) kills those who are subjected to these kinds of governments/economies