Hi,
currently there are on average 300 000 BTC transaction per day.
My question is : is it possible to keep 1 mb block (with technical solutions) while the transaction numbers per day increases to 1 million, 10 millions, 100 millions...?
I think that LIGHTNING NETWORK can make this possible because for every transaction channel where can happen unlimited transaction there is only one transaction happening on the BLOCKCHAIN. why some are skeptical about Lightning network?
thanks
There's no technical problem when it comes to limit the blocksize to 1MB. The fees would just weed out the transactions that aren't worth mining. Now this obviously poses the problem of limiting the bitcoin economy, so it's not like Core wants 1MB forever.. it's all about doing it the right way. And make no mistake, Jeff Garzik's btc1 is NOT the way to go about increasing the blocksize. Don't get fooled by opportunists. If we want BTC to stay solid we need things to be done the right way. You can't risk the whole project like this just because some guys spam the blockchain to make the fees higher.
Anyone defending segwit2x is shooting themselves in their own feet in the long term.