Topic: If you want bigger blocks but hate BU... - page 2. (Read 1259 times)
I "predicted" the usage of the name "Bitcoin Original" back in 2016 (although I can't bother to find the exact post). This is becoming really absurd. I wonder how long it takes to validate a "worst case" 32 MB block.
Bigger blocks are nice but it wont make Bitcoin mainstream, 1Gig+ blocks are needed unfortunately i dont wanna wait atleast 10 years before the sheeps can start using Bitcoin. In the end we need side-chains, each chain with there own specialization. The network will cripple when we have a few more waves of new users, it doesn't matter if we have 2mb ore 32mb blocks. I'm very certain Segwit is the best possible update Bitcoin can have.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
How many short lived memes are you big blockers going to promote until you realize we are stuck with conservative block sizes if we want bitcoin to work?
Im not saying let's keep 1mb forever, but BUcoin doesn't work, and 32 MB out of nowhere is certainly a stupid idea.
Segwit is needed in order to properly raise the blocksize anyway.
Do any of you use their brain at all?
Im not saying let's keep 1mb forever, but BUcoin doesn't work, and 32 MB out of nowhere is certainly a stupid idea.
Segwit is needed in order to properly raise the blocksize anyway.
Do any of you use their brain at all?
You sound like a blockstream shill.
You have zero proof that "BU doesn't work".
Imo, segwit is a poison-pill bloatware that is not needed.
How many short lived memes are you big blockers going to promote until you realize we are stuck with conservative block sizes if we want bitcoin to work?
Im not saying let's keep 1mb forever, but BUcoin doesn't work, and 32 MB out of nowhere is certainly a stupid idea.
Segwit is needed in order to properly raise the blocksize anyway.
Do any of you use their brain at all?
Im not saying let's keep 1mb forever, but BUcoin doesn't work, and 32 MB out of nowhere is certainly a stupid idea.
Segwit is needed in order to properly raise the blocksize anyway.
Do any of you use their brain at all?
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Ok, so why is returning back to original 32 MB block size is a non-starter with core devs? Is it a spam issue and what are the possible remedies?
When Satoshi put the 1mb spam filter, the network was not very mature -- mining was CPU or GPU , difficulty was low, and fee markets hadn't even really emerged yet.
The spam attacks today are of an entirely different nature -- wheareas before it was about trying to bog down the miners' computers, today a spam attack is about
trying to fill up the blocks to congest the network, which is actually easier with a smaller block.
I do not believe we need a 'spam filter' in the form of a blocksize -- the normal fee market can handle that.
The real reason why its a non-starter with core is obviously the involvement of Blockstream. Their roadmap/agenda is certainly not interested in 32mb blocks.
Ok, so why is returning back to original 32 MB block size is a non-starter with core devs? Is it a spam issue and what are the possible remedies?
I happen to like the idea of BU but not everyone agrees on it, so here's another viable solution just in case:
Enter "Bitcoin Original".
https://np.reddit.com/r/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
Interesting read.Didn't know that Satoshi actually proposed no limit block size.Enter "Bitcoin Original".
https://np.reddit.com/r/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
One thing I dont understand is how more transaction will increase the price of bitcoin.
" So 32x bigger
blocks (32x more transactions)
would correspond to about 32
= 1000x higher price - or 1 BTC
= 1 million USDollars."
More transactions means more demand for bitcoins which equals to a higher bitcoin price.
I guess that this is the logic behind this sentence.
Bitcoin Original,bitcoin unlimited,bitcoin magnificent etc.... This is the most obvious way to destroy btc.
Yeah there is a reason on why it was lowered to the current block size, but I guess people will want to pretend Satoshi's first thoughts are law.
Satoshi also said it can be increased again in the future. Read satoshi's post:Quote
It can be phased in, like:
if (blocknumber > 115000)
maxblocksize = largerlimit
It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.
When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.
This is 5.5 years ago now! if (blocknumber > 115000)
maxblocksize = largerlimit
It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.
When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.
I happen to like the idea of BU but not everyone agrees on it, so here's another viable solution just in case:
Enter "Bitcoin Original".
https://np.reddit.com/r/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
Interesting read.Didn't know that Satoshi actually proposed no limit block size.Enter "Bitcoin Original".
https://np.reddit.com/r/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
One thing I dont understand is how more transaction will increase the price of bitcoin.
" So 32x bigger
blocks (32x more transactions)
would correspond to about 32
= 1000x higher price - or 1 BTC
= 1 million USDollars."
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
I happen to like the idea of BU but not everyone agrees on it, so here's another viable solution just in case:
Enter "Bitcoin Original".
https://np.reddit.com/r/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
Yeah there is a reason on why it was lowered to the current block size, but I guess people will want to pretend Satoshi's first thoughts are law.Enter "Bitcoin Original".
https://np.reddit.com/r/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
Yeah, the original reason was spam, not for any of the other reasons small blockers espouse.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
I happen to like the idea of BU but not everyone agrees on it, so here's another viable solution just in case:
Enter "Bitcoin Original".
https://np.reddit.com/r/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
Enter "Bitcoin Original".
https://np.reddit.com/r/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
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