Quote from: Gavin Andresen on November 20, 2013, 03:17:05 AM

Quote from: Foxpup on November 20, 2013, 01:33:40 AM

The fees can be lowered if the price rises too high. They have already been lowered several times for exactly this reason, and there's no reason to think it won't happen again.

Transaction fees are likely to go up (in dollar terms) for a while, until some engineering work is done to reduce the "orphan cost" for miners to include more transactions in their blocks OR mining pools / miners collectively agree to include more transactions for the good of the whole system.

In the very short term, you can ask mining pool operators to create larger blocks. If they refuse, then switch your miners to a pool that does.

If they all create larger blocks, then we get more transactions and more orphan blocks, but the cost of those extra orphan blocks is spread across everybody mining, so everybody gets just as many bitcoins (on average) as they would with smaller blocks.

I think we should raise awarness and pettition the larger pool operators to include the max block size of I believe 1Mb. Can we as a community organize this together?

davidtehbest

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