Quote from: CuriousInvestor on July 11, 2017, 09:08:07 PM

Quote from: The One on July 11, 2017, 08:57:49 PM

Quote from: BillyBobZorton on July 11, 2017, 02:58:45 PM

Quote from: mike4001 on July 10, 2017, 07:22:25 PM

Quote from: BillyBobZorton on July 10, 2017, 05:44:14 PM

What growth? Look at the mempool, most of the time it's far from full. Transactions are cheap. It's only when the mempool gets spammed out of nowhere that people cry about bitcoin. Ver and co spam the network to get the big block narrative going and confuse noobs into thinking increase the blocksize is a must now or else we'll die. Bollocks.

Still not a bad thing to go the 2 MB blocks even if currently 1 MB would be sufficient.

In a couple of years it will not be and then we have double the headroom.

In a couple of years we will have lightning network, and if we REALLY need 2MB, we will do it without less risk AND with a lot of other cool things that could be implemented with a hardfork. You are supposed to get maximum consensus in a hardfork and you are supposed to get as much interesting stuff as possible to avoid needing further hardforks.

Hardforking in a matter of a couple of months with software that is clearly not up to bitcoin standards is suicidal and not logical by any means.

LN is rubbish and can benefit those who make large amount of txs daily. For normal users who make 1 tx a day, LN is plainly stupid. So yes we need bigger blocks for normal users.

Yes, LN does create centralization between big money holders but it is the only way for us to get close to 2000 TPS like Visa. Bigger blocks substantially decrease security of the Bitcoin network.

I don't know if Lightning Network is the only way, but it seems like a pretty decent way to move a large number of transactions off the chain and to free the chain up for some of the rest of us... and furthermore, from my understanding, those supposedly off chain transactions are not completely off of the chain, because they are still linked to the chain and need to be resolved on a periodically acceptable basis... like using your computer to perform data intense processes and back ups at night when the electricity is cheaper.