I think we need to encourage more use of the ledger. What are we doing if we're not utilizing the ledger??? 1 megabyte limit is so tiny! It might've been good in 2001, but we're in 2019 now...
Did I walk into a time warp back to 2015? What a throwback! I thought this was a necro-post at first.
Get with the times, OP. The 1 MB block size limit is no more. It's now a 4 MB block weight limit, ever since Segwit was activated in 2017:
Quote
Is SegWit a block size increase?
Yes! Segregated witness replaces the block size limit with a new block weight limit, counting each byte of witness data as 1 unit of weight and UTXO transaction data as 4 units; as a result, the maximum size of a block becomes just under 4 MB.
Source: https://segwit.org/is-segwit-a-block-size-increase-705df6a8731d
Yes! Segregated witness replaces the block size limit with a new block weight limit, counting each byte of witness data as 1 unit of weight and UTXO transaction data as 4 units; as a result, the maximum size of a block becomes just under 4 MB.
Source: https://segwit.org/is-segwit-a-block-size-increase-705df6a8731d
The limit will probably be increased further some years down the road, but there's really no urgency about it. I recently made a bunch of transactions where I paid only 1 satoshi/byte -- that's less than $0.01 per transaction. Worst comes to worst, people will just need to pay higher fees.