Topic: Bitcoin 20MB Fork - page 107. (Read 154790 times)

No need to get all angry. I wasn't trying to get you pissed. I was only trying to emphasize that nobody should choose where microtransactions happen if it's outside of the blockchain. Gavin explained why all transaction (big or small) should happen only on the blockchain. Because offchain transactions cause friction and more headache than necessary. We can expand into the subject if you want, but getting all pissed and leaving solves nothing.


If you think it will take a long time until the blocks fill then what's the point of not doing it now? Setting a consensus is much easier now than later and we already have 1 service/project that is hindered by the 1MB limit (the Lighthouse project). Maybe there are more services waiting to happen, but they don't because of the limit. I could also mention Factom, but I am not yet sure how much space do they need.

Raising the limit right now is a very good thing to do because there is no pressure in doing it. I don't want to get into a stupid situation where there is a mass adoption happening and we run out of block space in a matter of weeks. Imagine the chaos then trying to explain to the regular Joe why isn't his transaction spreading and why does he needs to pay more and more for his transactions. That's the end of Bitcoin, not a falling exchange rate...


These are just another technological challenge, nothing impossible. The main idea is still there that everyone should be free to use the blockchain as they wish, not as we wish.


Why would someone bad intended with a lot of money agree to let your microtransactions happen? He could fill the blocks easily and he could be against raising the limit by owning/renting a lot of mining hashpower. What will you do then when your transaction will require an absurd transaction fee to get propagated?

losing what?

This seems to be quite a fair point actually..

If bitcoin couldnt resist/adapt the increasing number of transactoins, then everybody would agree to raise the limit, or else everybody loose.

This would even give us extra time to investigate further and plan several possibilities so we get this right

then what are you trying to achieve here? Why are you even discussing? According to you it's futile anyways...

altcoin hitler, go away. Together with your stupid memes, if that's all you have to say. ASAP please. And take waaat? with you.

Cool story, why does the decision have to be made now though?
Because it'll be harder to achieve consensus later? That would simply mean the fork wasn't really needed in the first place.

If the fork is actually necessary in the future it should follow that at that point consensus will be easier to achieve?

see previous memes and your statement is also wrong

"fork won't stunt decentralization" is a bullshit statement. Do us a favour and GTFO.

The problem with waiting too long however is that it will stunt decentralized projects like Lighthouse and open bazaar which are limited to 1MB.  

https://www.vinumeris.com/lighthouse/faq#max-pledges

684 to 1k (with further optimizations) max participants cannot compete with kickstarter or indiegogo and will make many fundraisers unusable in a decentralized fashion.

This, I'm with this guy.

abandon topic! lol

i've got one too

is coming more. We make extra thread as these pile up

It's not a question of what Satoshi wanted.

Listen, when I started using bitcoin back in 2012 I automatically signed up and agreed with a few things.
The main points were (but not limited to):

*) Coins would be generated at a predetermined controlled rate.
*) Blocks would be found on average every 10 minutes.
*) Block size would be temporarily capped, with the plan of increasing it in the future.

By using bitcoin I agreed with these points. As did every other person that has used bitcoin.

If I didn't agree with them, I wouldn't of started using bitcoin at the time. I wouldn't continue using bitcoin for years and then start moaning when it's time to start doing what I signed up for.

I have no idea what is going on with GAW. I don't even know what paycoin is. I only removed it because it stopped paying me.
It was extra income. Having a signature doesn't mean that you're supporting something (since it's paid advertisement). Nice thinking troll,maybe you will grow up one day.
Anyhow that post was completely off topic.

So we shouldn't introduce 4K and 8K videos either because it wasted resources. Nice argument.
Inefficient? Seems to be part of the upper statement.
No it does not.
Possibly, not necessarily.
Everything causes trouble because of, well, people.


So many posts, yet no single valid argument against the fork..

as stated earlier ,why not set a date now for the upgrade in around 2017?
that should give most people plenty of adequate warning

I totally understand. It will take very long time, that's why I personally think changing it to 20 MB now is way too early. Depending of adoption growth in the next year/few years, We can increase more later?