Post
Topic
Board Development & Technical Discussion
Re: Why the fuck did Satoshi implement the 1 MB blocksize limit?
by
AGD
on 25/01/2018, 04:49:48 UTC
This is the first time this year I see an interesting thread/post, thanks for that.
1MB can be considered for preventing spam. Maybe he didn't think if bitcoin could become so popular and also there aren't some things considered like what will happen after

Mining using CPU-Wars was and is a total joke and others have proved it and transactions on other coins like ETH don't cost
a tenth of what we are forced to pay today and competition is good but not good by the time you have 20,000 and if you plot the
fees against the mempool then before now when it was at 130,000 we have paid fees of $40 and now we are down to about $15

Clearly something does not add up and something is very wrong if more than 1,000 miners are needed for Bitcoin when it's not
even hosting "Smart Contracts" for other coins and they also say "Lightning Network" bring smart contracts to Bitcoin so where
do I publish my scripts to then if this is indeed the case

45 sat/b
https://blockchain.info/tx/8c189782b4eeb4074674b1c009b12edfde8ef4264733485c7627cfc8b75106f4

Explain this 1$ transaction.