I appreciate it the insights but I think that some background is important so we can give our opinion, this section is important because have a more social approach, so we can understand that some of us in here have a great knowledge about stuff
the main thing is the market will solve the TPS even if it is the hard way, blocksize
all the other solutions segwit, lightning networks, are work arounds, and complexity is enemy of elegance
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Hi. Welcome on forum.
As a new user You must be informed that writing long, personal stories is not welcomed.
Ask your self, what do we care about you being law student, why do we need information
about your bro etc... its pointless. (I'm not aggressive here, just informing)
As to your epiphany, it's not mandatory to happen. All depends on how the market will look in say 10 years. May be that no significant block enlargement will be needed, because of low adoption rate. Sure it will improve on confirmations and stuff, but you dont fix things that work OK. Better is an enemy of good.
As a new user You must be informed that writing long, personal stories is not welcomed.
Ask your self, what do we care about you being law student, why do we need information
about your bro etc... its pointless. (I'm not aggressive here, just informing)
As to your epiphany, it's not mandatory to happen. All depends on how the market will look in say 10 years. May be that no significant block enlargement will be needed, because of low adoption rate. Sure it will improve on confirmations and stuff, but you dont fix things that work OK. Better is an enemy of good.
First of all, you are an early adopter if you have 1 BTC now. What will people think in 2032 when reward is cut to 1 BTC, of the people involved now? They will think we are early adopters. Of course compared to 2009 adopters we are late, but its all relative.
As far as block size and fee.. if fee is increased, then you solve the problem. If Lightning is a success, the miners will get fees from mining the transaction packages done through Lightning. In any case, I guess eventually block size will be raised but in the big picture raising block size solves shit nothing.
As far as block size and fee.. if fee is increased, then you solve the problem. If Lightning is a success, the miners will get fees from mining the transaction packages done through Lightning. In any case, I guess eventually block size will be raised but in the big picture raising block size solves shit nothing.
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