Post
Topic
Board Bitcoin Discussion
Re: How does block size harm decentralization?
by
franky1
on 10/02/2019, 08:33:02 UTC
If you keep giving users more block space for free, they'll keep taking it, regardless of the long term costs. Raising the ceiling higher and higher means there is no mechanism to enforce fees. How's that going to work a few halvings down the road when block rewards are amounting to little more than 1.5 BTC? "Free transactions for all" sounds like a nice socialist paradise, but miners aren't in this for charity.

Every one of us has incentive to avoid paying fees. So, why do people like me still oppose bigger blocks and prefer the settlement layer approach? Because I also hold bitcoins, and I know that the block size limit is integral to guaranteeing the security of Bitcoin and thus the value of my coins.

ever thought of actually having a fee mechanism
a fee priority formulae like what was available for several years before core removed it. but a better one that actually helps users and actually promotes fair usage and also makes a notible difference between those that wont benefit from LN and those that would.. rather than the treat spammers and ethical users with the same high fee rate purely to encourage pushing people off the network, which inevitably simply pushes the fee rate up more and utility/desires of bitcoin down

in the UK we are seeing hospitals reduce the amount of beds from 300k to 130k just to push 2 false agenda's
1. that 'immigration' is causing a backlog of hospital waiting times.
2. that people should move away from using the national health service and instead pay for a commercial private hospital to avoid waiting times.

the reality is that less people use a national health service than before and the national health service is left to be stifled stagnant and die out. all purely because those that love to be "conservative" prefer commercial services over a system thats open and barrierless for entry.

there is nothing stopping the system going back to 300k beds and then expending at a 5% bed count increase per year. but nah.. 'conservatives' dont like open borderless systems. they want capitalist commercialised systems

need you forget the whole point of bitcoin vs fiat.