Post
Topic
Board Development & Technical Discussion
Re: About block size limit and transactions fees
by
Wind_FURY
on 16/08/2021, 11:18:54 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 probably do not own a wallet anway).


Dangerous for who?

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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).


I believe BIP-148/Segwit showed everyone that that’s not true. In fact, it’s the full nodes that give demand to what the miners produce, and not just any block, it should be a specific type of block with rules enforced by the full nodes.

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3.A faster block propagation with less transactions per block does not allow transactions to be confirmed more quickly.


It’s about the settlement assurances, not speed. One confirmation in Bitcoin is still more secure than one confirmation of shitcoins.

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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.


It increases the full nodes’ expenses, not the miners. Do miners run full nodes? I believe most of them don’t. Plus aren’t small mining farms kicked out of the game simply because big mining farms increase the network’s total hashing power, increasing costs, pricing out small miners?

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6.Network congestion is no bigger problem than many transactions not being picked by a miner/paying too much fees.


Isn’t the fee market good for miners?