Blocksize needs to be increased now. - page 11.

Cryptology

legendary

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Quote from: OmegaStarScream on December 13, 2015, 06:31:57 AM

Well , aren't the developers planning to do a debate about this on December ? or it's already done and decided ? If not .. hopefully they will agree on something this time .

There was a workshop last weekend on this topic but I'm not sure if there was much progress. At least I haven't been able to find any indication that a consensus was found but I really hope I'm wrong.

TheNebula

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If nothing happens all transactions will take much longer which isn't good at all!

OmegaStarScream

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Quote from: Cryptology on December 13, 2015, 06:15:14 AM

Well I guess that if you look at that graph on a linear scale it looks like there is still some more "free space" below the 1 MB ceiling. But the point I'm trying to make here is that a linear trend in log scale means exponential growth. A solution needs to be found unless we want to see longer confirmation times and higher fees none of which will help in advancing Bitcoin usage.

Well , aren't the developers planning to do a debate about this on December ? or it's already done and decided ? If not .. hopefully they will agree on something this time .

Cryptology

legendary

Activity: 1008

Merit: 1001

In Cryptography We Trust

Well I guess that if you look at that graph on a linear scale it looks like there is still some more "free space" below the 1 MB ceiling. But the point I'm trying to make here is that a linear trend in log scale means exponential growth. A solution needs to be found unless we want to see longer confirmation times and higher fees none of which will help in advancing Bitcoin usage.

ZephramC

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It does not look so scary in linear scale, does it?

Cryptology

legendary

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In Cryptography We Trust

We are reaching the blocksize limit fast and delays in confirming transactions with standards fees is becoming noticeable. A consensus needs to be found quickly otherwise Bitcoin is going to choke in unconfirmed transactions soon.

https://blockchain.info/charts/avg-block-size?showDataPoints=false&show_header=true&daysAverageString=7×pan=all&scale=1&address=

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