1MB vs Gavincoin video explained in 3 minutes - page 3.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: hello_good_sir on June 12, 2015, 09:10:21 AM

Has Gavin changed his proposal to a one-time increase to 20MB or is it still an increase to 20MB with an automatic 50% increase per year? I would support the first, and strongly oppose the second.

Check here: http://gavinandresen.ninja/bigger-blocks-another-way

He's pushing for the 20MB increase.

hello_good_sir

hero member

Activity: 1008

Merit: 531

Has Gavin changed his proposal to a one-time increase to 20MB or is it still an increase to 20MB with an automatic 50% increase per year? I would support the first, and strongly oppose the second.

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

nice and professionally created video, even I disagree. anyway, it was already discussed https://bitcointalksearch.org/topic/new-video-why-the-blocksize-limit-keeps-bitcoin-free-and-decentralized-208200 and site not working at all:(

chakra74

newbie

Activity: 29

Merit: 0

I guess I'm a large financial institution. That video was total bullshit. Even if the block size magically jumped to 20 MB right away, I could still run a node in my house with no problems.

It's hard to wrap my mind around the fact that there's this minority of people who can't understand basic facts. They seem too smart to actually believe the crap they say so there must be alternative motivation. When there's billions of dollars at stake, there's always going to be paid shills or reasons to try and destroy a system. Maybe they are trying to knock Bitcoin down or they are trying to corner the market with their centralized solutions.

not altcoin hitler

member

Activity: 212

Merit: 22

Amazix

Great video. Will share. Thanks.

DannyHamilton

legendary

Activity: 3472

Merit: 4801

Doesn't make sense to me.

Seems to use fear and emotion as a propaganda tool to keep people from paying attention to the details (of which it gets several important ones wrong).

As just one example, 1 MB blocks don't realistically support "7 transactions per second". It's really more like 3 transactions per second.

Also, there is nothing "magical" about 1 MB. I think we could almost all agree that 1 TB blocks would be "too big" and that 1 KB blocks would be "too small". Somewhere between those extremes is a number that is "just right", but that number probably changes over time. Why are you so certain that the correct number today is 1 MB, and not 750 KB or 1.75 MB?

Mining costs will continue to increase regardless of the block size. It was designed into the nature of Bitcoin from the very beginning. Satoshi said so himself. So large powerful and regulated pools will occur regardless of blocksize.

Besides, how are "large powerful and regulated off-chain payment processors" any different than "large powerful and regulated pools"?

pedrog

legendary

Activity: 2786

Merit: 1031

Was it paid by Coinbase? Cheesy

gustav

hero member

Activity: 602

Merit: 500

Found this online:

https://www.youtube.com/watch?v=cZp7UGgBR0I

Makes sense to me. Thought i drop it here.

Topic: 1MB vs Gavincoin video explained in 3 minutes - page 3. (Read 2841 times)