Post
Topic
Board Bitcoin Discussion
Re: I don't see why big blocks are a problem, even 10 MB blocks right now aren't.
by
Iranus
on 13/07/2017, 18:54:15 UTC
Any idea what kinda node this little Swiss private bank will gonna run?  Rasp PI Huh
Banks should not be the only people running nodes.
Do you really beleive Laudi has any idea about that at all or is payd for telling the FUD?
Quote from Lauda just three posts before yours:
It is of utmost importance to keep the cost of running nodes as low as possible. However, this does not mean that we should force a system which must work on a raspberry fee (which is often what another type of cancerous idiots tend to exaggerate with).
Please read the thread before posting.

"bitcoin should not grow because americans might need to pay 3 hours of minimum wage labour more PER MONTH to use it
but dont worry about tx fee, just pay more, it doesnt matter if cuba, india, africa have to pay 40 hours of labour PER TX!"
Transaction fees should be approximately 20 cents right now.  40 satoshi/byte or sometimes even less is good enough when the network isn't undergoing a spam attack.

In my view, there's a fine balance.  The first step should be offchain scaling or alterations of onchain transactions like SegWit - the second step should be onchain scaling, when there's no other clear options available.  The bigger the max block size, the more space that's open for long-term spamming and eventually node centralisation.