Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 06/01/2018, 21:06:52 UTC
I do not consider increasing blocks a good solution. It does not scale while the negative consequences for decentralisation are unclear. Since Bitcoin’s only true value lies in ‘decentralisation’, I support not hastily moving away from this core concept just to solve a current - perceived as immediate - issue. There is too much at stake.
Big data centers will always do better than hobby miners no matter what the code looks like. This whole fear of mining centralization is not only unfounded as it has been happening from day one, and will continue to do so, it is stupid.

So let's all just use PayPal and be done with Bitcoin. It already performs much better as a currency system, yeah?

I'll go on record to say that if Bitcoin's transactions are restricted to on-chain only, then regardless of block size, PayPal will ALWAYS be faster, cheaper, and more efficient. But inflate that block size to your heart's desire.
How about you address the argument for once.

And how about you address the fact that bigger blocks and on-chain transactions alone will never allow Bitcoin to compete with PayPal, Visa, MC, or any other digital currency based system. Not even in the short term.