Post
Topic
Board Bitcoin Discussion
Re: INSANE BITCOIN TRANSACTION FEES!!!<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
by
neurotypical
on 21/11/2017, 18:59:28 UTC




PS: Why doesn't the Bitcoin network just increase the block size to 1 TB and change the block time to 30 seconds??? (Or just make it like Litecoin?) (Or make it Proof of Stake?)[/color]

Because if you increase the blocksize to 1 TB, the blocksize will be too big for anyone to run a node except corporations:



As a result, Bitcoin would no longer be sovereign money, but a money subjected to what these corporations want to do with your transactions. The trust model is broken.

I don't care what satoshi wanted, all I know is I want to keep being able to validate my own transactions.

IOTA, Bitcoin Cash and all of these coins aren't decentralized. There is no such thing as cheap decentralization, unfortunately.