Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
hodl_2015
on 24/07/2017, 17:38:45 UTC
[...]
Have you recently watched the mempool? Is almost empty. Yeah, block usage is still over a safe threshold but Segwit is going to be implemented very soon (now it is a certainty unlike years ago) and will help alleviate some. Also a blocksize increase to 2MB is on the works.
Bitcoin scaling has never had a better prospect than it has right now.
So what is the fucking need for "Bitcoin Cash" precisely right now? It's nonsense.
Maybe you don't believe the blocksize increase will happen? I hope it does, because:
- Even if not right now, we will need that blocksize increase sometime in the future.
- If that is what has been agreed to reach consensus, then it is time to deliver, or next time we need consensus noone will trust any "agreement".
- Miners have not only accepted to pass Segwit which was a majority community request but they have with 100% hashrate consensus. If they can do the 2MB increase HF with the same consensus there is not risk, so it is ok.
- Many of the people that were completely against BU (me included) was for the reason that BU is an aberration that, besides the buggy code, gives miners the right to increase/decrease blocksize at will. That's too much power for the already powerful miners. A fixed blocksize increase when (or better yet BEFORE) it is needed? FINE!.

Above all, and most importantly... If someday Bitcoin can be replaced for any other altcoin at will, our digital money fantasy castle will crumble.
Can't we all just work on making Bitcoin (the one and only) better instead of trying to fight against it?
P.S.: The way all this "scaling process" has developed makes me think we can, and in fact it is happening.

I'm a bit out-of-the loop with all the (proposed) changes, but that makes total sense. Thanks bitserve.

Blocks will always be "full", even with 20MB blocks, because everyone would like to add things to the blockchain if it was free. If you want to add an animated gif of your cat, or mix a bitcoin through 10.000 different wallets, that is fine, but that _should_ be expensive. Once bitcoin gets used for larger and more serious transactions, it should be (relatively) expensive to use bitcoins to buy a single postage stamp, lollipop or ice-cream.