Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Ibian
on 13/11/2017, 21:49:00 UTC
From my perspective, it is Blockstream/Core that are tampering with Bitcoin, by refusing to allow a much-needed capacity increase to reduce fees and allow for continued growth

Don't you already have Bitcoin Cash that allows continued growth? What's wrong with it?


Nothing is wrong with it.  That's why we're working on it.  To continue building Bitcoin as a P2P eCash system.  

Right now the market and the miners are trying to figure out which is superior: Bitcoin Cash or Bitcoin Core.

there is no skill behind making a block bigger. zero innovation. no skill = no value
Original thought is overrated. What matters is what works. Bigger blocks work.

It’s not that simple.
Feel free to elaborate.

Ibian, this has been covered extensively. You can't just trivialize and hand wave it all away as a simple block size increase will solve everything and still retain network stability while maintaining mining decentralization. Also, see BCH for example of block size increase trainwreck nightmare scenario.
Here's some reading for ya:
https://medium.com/@thepiratewhocantbenamed/my-thoughts-on-your-thoughts-17474d800dda


The main difference is network effect. If we started from the same place, it is not obvious that the segwit chain would have won. It is simply that telling the world that their bitcoins are no longer bitcoins would be an even bigger disaster than everything else that has happened up to this point.

And segwit is still not enough. Not even close. We need both, or something even better than both.