Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: Adjustable Blocksize Cap: Why not?
by
topcoin360
on 14/01/2021, 06:05:44 UTC
⭐ Merited by aliashraf (1)
Guys, I didn't know how hard it was to understand that what's protecting the network is the honest hashrate not the block size limit. Would you all repeat after me: The network is safe as long as 51% of the hashrate is honest. The network is safe as long as 51% of the hashrate is honest. The network is safe as long as 51% of the hashrate is honest. Satoshi Nakamoto probably took 5sec to choose a 1MB block cap and it was to prevent a congestion attack on the network, at that time it was more than enough to answer the need of the users and the internet speed was slower but things have changed since then. And guys BIP 103 are you kidding me!? We can't even predict the price of btc tommorow morning with a margin of error of less than 20% and you think we are able to plan the next 42 years?? I don't know if we all live on the same planet but on mine btc is still at a very early stage and is still pretty useless so we shouldn't even worry about experimenting new things...

That said, here is my new proposal
The block size limit increases/decreases in proportion to the change in the average transaction fee with a min of 0.1MB and a max of 8MB. Open for debate.

P.s.

Please no more spam/orphan block kumbaya bs theories on this thread. Ty.