Quote from: Qartada on June 01, 2017, 03:50:02 PM

Quote from: cellard on June 01, 2017, 03:42:39 PM

Quote from: kingcolex on June 01, 2017, 03:39:33 PM

Yeah miners benefit more from smaller blocks, so which would you prefer if you were a miner?

If I was a miner, I would think long term and realize that I would end up raking bigger fees once bitcoin goes mainstream thanks to lightning network allowing for trillions of transactions daily

LN would not result in significantly higher fees being given to miners. Due to the lack of demand for onchain transactions there would be, paired with the fact that the value of the block reward would be very high by that point, I can't see it as them "thinking long term".

Their thoughts are like, "I will support this preferred scaling solution because it might result in the price going up and me getting temporarily higher profits", or "I will support this preferred scaling solution because it might help Bitcoin to retain its market dominance".

At this point, it's more like desperation to just clamour to finally do something, rather than thinking about the fees much. Fees are useless if they don't actually end up receiving them.

As lightning networks transactions go up, potentially reaching global adoption with trillions of transactions daily, all those transactions will ultimately go into the blockchain and get processed by miners, so the overall miner revenue will be higher than just some rich people trading onchain.

Quote from: Hydrogen on June 01, 2017, 11:25:57 PM

Those wanting to scale crypto remind me of people who expect to have great internet multiplayer gaming using a WIFI router.

Encryption & cryptographic functions always slow things down.

Whether its a WIFI router or bitcoin, it could be guaranteed that it will always be somewhat slow.

Not if miners enable segwit to get 100% functional lightning network.