Quote from: justusranvier on August 06, 2014, 11:06:31 PM

Quote from: wachtwoord on August 06, 2014, 11:00:16 PM

I think there should be a limit otherwise no-one will pay any meaningful fees ever and people will stop mining. The system will only work when there is a limited amount of space because if it is unlimited it is advantageous for miners to include transactions with any fee, even 1 Satoshi. If that happens Bitcoin will stop to function correctly as the block rewards decrease.

If you believe that markets don't work without externally-imposed production quotas, then you're in the wrong place. Stick to central bank-created currencies.

Quote from: wachtwoord on August 06, 2014, 11:00:16 PM

I signed up for Bitcoin with a 21M unit cap and a 1MB block cap.

That's great. I signed up for a Bitcoin that originally had no explicit cap on the transaction rate.

Rationing transaction throughput was never part of the economic model of Bitcoin, and turning a temporary anti-spam measure into some kind of permanent feature is a form of attack against the currency.

If the transaction throughput was not limited in the original design the original design was flawed. Removing the transaction limit from Bitcoin could be it's undoing.