What long-term consequences could this decision have for the speed of transactions when the time comes and it's nearing or surpassing the current cap?
Two words: Fee Market
Topic: Apparently Chinese Mining Pools are sticking with Core! :) - page 5. (Read 3725 times)
Two words: Fee Market
What long-term consequences could this decision have for the speed of transactions when the time comes and it's nearing or surpassing the current cap?
ToomimCoin REKT
Bitcoin Magazine journalist and Coin Desk contributor Aaron van Wirdum
https://twitter.com/AaronvanW/status/690120783281156097
https://twitter.com/AaronvanW/status/690120783281156097
Thank you China for sticking with Core! May the Chinese miners live long and much prosper! 
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"Yesterday, Jeff(Garzik?), a developer of Bitcoin Classic, took a flight to Beijing from New York, to attend a meeting with the Chinese Bitcoin businesses, including Haobtc, OKCoin, Bitmain, Bither, LIGHTNINGASIC, with the aim of gaining further support for Bitcoin Classic. When talking about Bitcoin Classic's releases, Jeff stated that a hard fork is needed for the upgrading and improvement of the source code(the original Chinese are weasel words and possibly syntactically incorrect), yet(and) without providing a clear long-term roadmap(about what lies ahead of the 2MB increase?), which led to almost universal dissatisfaction(correction: the author later edited his article to change the "almost universal" to "some" , apparently due to protest from one attendant who did not disapprove) among those present, whom further expressed their withdrawal of support for Bitcoin Classic, and the need to reach a wider consensus within the community before a decision can be made."
Source: https://www.reddit.com/r/Bitcoin/comments/41zgn6/translation_of_an_excerpt_from_an_article/
~~
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"Yesterday, Jeff(Garzik?), a developer of Bitcoin Classic, took a flight to Beijing from New York, to attend a meeting with the Chinese Bitcoin businesses, including Haobtc, OKCoin, Bitmain, Bither, LIGHTNINGASIC, with the aim of gaining further support for Bitcoin Classic. When talking about Bitcoin Classic's releases, Jeff stated that a hard fork is needed for the upgrading and improvement of the source code(the original Chinese are weasel words and possibly syntactically incorrect), yet(and) without providing a clear long-term roadmap(about what lies ahead of the 2MB increase?), which led to almost universal dissatisfaction(correction: the author later edited his article to change the "almost universal" to "some" , apparently due to protest from one attendant who did not disapprove) among those present, whom further expressed their withdrawal of support for Bitcoin Classic, and the need to reach a wider consensus within the community before a decision can be made."
Source: https://www.reddit.com/r/Bitcoin/comments/41zgn6/translation_of_an_excerpt_from_an_article/
~~
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