Post
Topic
Board Development & Technical Discussion
Re: About block size limit and transactions fees
by
topcoin360
on 15/08/2021, 00:41:08 UTC
Alright, alright, guys I'll reveal some facts that may shock you..

1.A shortage of supply (block space) forces many people to leave their coins on their exchange which is a lot more dangerous than a few people not being able to run a full (who do not own a wallet anway).
2.Running a full node does not give you a vote, you can "listen" to what others have to say but nobody cares about what you have to say (unless you have large holdings but you guys don't seem to like PoS).
3.A faster block propagation with less transactions per block does not allow transactions to be confirmed more quickly.
4.A miner who finds a new block has an advantage on his competitors as he will start mining the next block before them but all miners have that advantage when they find a new block (which makes the orphan block argument pretty worthless).
5.A higher block size limit may increase miners expenses but it may also increase miners income, therefore small mining farms are not kicked out of the game.
6.Network congestion is no bigger problem than many transactions not being picked by a miner/paying to much fees.

So.. I can only ask, what now? Lips sealed