Post
Topic
Board Bitcoin Discussion
Re: Block size isn't important
by
nightrider
on 08/07/2017, 04:43:49 UTC
Block size isn't important.

What is important, is how many transactions per second 2MB and larger block sizes can yield.

And whether those gains outweigh the added vulnerability & other negatives associated with them?

Am I right in thinking this?

 Smiley

I still don't understand why people cite "2MB blocks" as if that by itself is self justifying.

If the N64 having a 64 bit bus didn't make it superior to the original playstation, which was a 32 bit machine.

Should I assume 2MB blocks (without other supporting stats and data) will solve every problem bitcoin faces?

No, you are absolutely wrong, it is extremely important for bitcoin. That's why bitcoin needs segwit with larger block counts, although I like a bitcoin core like the current one. The number of blocks severely affects the speed of the transaction and its fee.

Absolutely correct, I agree with you. It's crazy when he says it does not matter. I think he is a fool, so silly.