Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
BTCtrader71
on 02/08/2014, 02:54:13 UTC
This may depend on how the question of the 1 MB max blocksize limit is handled. One thing is certain without an increase in this limit, and a hark fork is necessary for this, Bitcoin will be dethroned by a competitor. Once the limit is reached transaction fees will skyrocket as an ever growing number of transactions compete for the 1 MB space every 10 min. Fortunately Gavin Andresen understands the need for this. So do other Bitcoin developers. The real question in my mind is will they muster the necessary community consensus to make this hard fork happen?

In the absence of a hard fork, how soon do we expect to hit this limit?