Well rationally there is no way the present Bitcoin can win over a higher limit fork:
Step 1:
A. Gavin creates a higher limit BTC fork.
B. Anyone else does it.
Step 2:
Present network can never grow more than it is now, because we are already hitting the limits.
Step 3:
New system takes over by nature of being the biggest - which it cannot avoid becoming because it scales!
Good point. Very true.
As much as we would not want something else to overtake the present version of Bitcoin, if nothing is changed, it will inevitably happen once future transaction volume makes Bitcoin incapable of supporting it. That failure to meet the transaction volume would cripple Bitcoin's usability and open the door wide open for another currency to take over which can scale properly.
Not necessarily true. dont you think that the supply and demand reaction would take effect if we stopped mining bitcoin, or had no more supply?
Bitcoin has a large community backing it, and I hardly think there going to junkyard every thing, it would bring the bitcoin stable, and make it better for community as a whole.
Just thinking on it as a currency not a commodity.
Realpra is 100% right. Once the software is written for larger block sizes then any of the 1000 alts out there can incorporate it. Many will. Supply and demand then works against Bitcoin as demand will steadily weaken for a coin that cannot scale.
Dogecoin has a large community backing it, but that is not saving it from relentless decline.
If any of these retarded claims were true, there would already exist an altcoin with a greater market share than bitcoin. Since there is not, it is safe to conclude that the block size is not a problem. In fact, none of the "improvements" proposed by the various altcoins amount to anything valuable. You'd all like to think that ideas and opinions are worth something, as if it doesn't ultimately take a person with money to make it work. For example, look at this specimen of tardtalk redditardus:
What does Mircea Popescu have to lose by this proposed fork? It's obvious by his reaction that he feels this would be very negative for him, but why?
And I agree, Mircea's attitude and comments about his budget are a big turnoff.
That's like saying "I've lost the fight, so I'm going to go in with my wallet and buy my victory since my logic and arguments didn't prevail."
That's also how the Federal Reserve runs things. They use their control of money as their only power.
Big turn-off. And tyrannical.
Lost the fight? It's more like one guy said, "I'm gonna start validating invalid blocks for some derpy reason," and another (much more important) guy said, "alright, well I'm not gonna do that; have fun!" The fight hasn't begun yet; upvoting regurgitations from the latest gospel of derpopolous (or whoever replaced him after his death) does not constitute a fight.
Here's a glimpse of the war:
If the hard fork happens, it should be possible to cycle funds in and out of exchanges that are dumb enough to switch, splitting away real-bitcoin whenever the withdraw gives you an output that hasn't been doublespent yet. Withdraw, split, send fake-coins back into exchange, repeat. When "dust settles," exchange is now fractional reserve (if it wasn't already).
So you are an MP shill? Yes, there's a handful of you devoted followers in his IRC room.
MP def lost the intellectual battle by the brag of wealth as his last effort to win.
He invited me to his channel once and I spoke with him. I like the guy and he seemed nice. I had respect for him, but my viewpoint has changed after reading that post and his little snide jabs at various figures and boast of wealth to try to control things. That's no better than a US politician a.k.a. thug with a suit on.
While you kids were having your "intellectual battle," the professionals discussed the issue and came to their own conclusion. You may not like it, but money matters; that is, people with more of it have more of a say than those who have less. It doesn't really matter how many of the stupid-poor you can wrangle together; you can't wish your way to prosperity. And that's the whole point of bitcoin! Unlike FIAT, which can make unsustainable dreams temporarily come true, bitcoin forces the cold hard reality of savage capitalism.
Very good points in favor of the fork!
I would only say that maybe Bitcoin is here not to fight governments, but rather open them up and pull them away from the debt-based fiat capture. In this regard, increasing the block size limit seems like a natural evolution towards that goal. And we still have plenty of alt-coins to fill other niches.
Exactly this! If you are in favor of this hard fork, you are in favor of the USG. Open up to the loving arms of big brother!
