I think we need to talk about why people are calling for growth in the blockchain capability.
The growth is being called for due to:
(1) Increased transaction sizes which are touching the limits of what's possible
(2) Larger fees
(3) Longer waiting time for to be confirmed
The chart you posted only addresses (3) and it DOES show an increase but the scale is only a year, which eliminates the ability to compare those spikes to what could be a steady upward trend (but is only seen if you use data going back several years). The call for an increase in transaction throughput size has been going on for more than a year.
The graphic I provide below shows average block size from the beginning to today. We've reached the max, guys, there's only two options from here - allow larger transaction sizes or watch Bitcoin become less and less useful.
best images for websites
Moral of the story, Don't believe everything you read on the internet! Make sure you do independent research!
Totally agree that Craig Wright is a fake. He's comes across as the Trump of Bitcoin. What do you propose as an alternative. Block size capacity needs to be increased...so...how do we do that?
The growth is being called for due to:
(1) Increased transaction sizes which are touching the limits of what's possible
(2) Larger fees
(3) Longer waiting time for to be confirmed
The chart you posted only addresses (3) and it DOES show an increase but the scale is only a year, which eliminates the ability to compare those spikes to what could be a steady upward trend (but is only seen if you use data going back several years). The call for an increase in transaction throughput size has been going on for more than a year.
The graphic I provide below shows average block size from the beginning to today. We've reached the max, guys, there's only two options from here - allow larger transaction sizes or watch Bitcoin become less and less useful.
best images for websites
Moral of the story, Don't believe everything you read on the internet! Make sure you do independent research!
And 2x is not just 2MB. Blocks will be bigger than that. Less people will be available to run a full node! As fraudster Craih Wright said; If you can't run a $20.000 node, piss off!".
What kind of normal thinking person would agree and accept all that crap and hand full of guys is planning to do with Bitcoin?!
What kind of normal thinking person would agree and accept all that crap and hand full of guys is planning to do with Bitcoin?!
Totally agree that Craig Wright is a fake. He's comes across as the Trump of Bitcoin. What do you propose as an alternative. Block size capacity needs to be increased...so...how do we do that?
The problem is not if the blocksize should be increased or not, the problem is HOW and WHEN.
The segwit2x agreement is obviously rushed, and the thought of developing it leaving Core behind is an act of nothing but insanity.
We have to leave segwit running for at least an entire year, then consider again if we really need a blocksize increase and do it the right way, not in 3 fucking months. I hate the fact that in 3 months we will have another price crash and drama because of idiots wanting to rush a hardfork. After we get segwit in we don't need to raise the blocksize in 3 months, period.
