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Topic: Refuting the 5 arguments of 1mb supporters - page 2. (Read 1212 times)

legendary
Activity: 1621
Merit: 1000
news.8btc.com
January 22, 2016, 05:16:25 AM
#4
This guy has no idea what he's talking about if Google translate properly translated that page for me. There are no technical arguments and it is clearly stated on the Core roadmap for scaling why 2 MB blocks are bad right now. He talks under the assumption that Core plans on sticking with 1 MB forever and making the main chain a settlement layer for the banks. He also assumes that the fees will rise to a few hundred dollars. Both points are complete nonsense:
A) Why would banks be using Bitcoin as a settlement layer if adoption is limited? They can easily create their own.
B) Why would anyone use a system with drastically high fees when they can switch to alternatives?

The post also mentions Moore's law which is pretty much dying. Bitcoin will not stay at 1 MB.

The author of that article sees the LN or sidechain will be rendered useless if blocksize continues to expand.
legendary
Activity: 2674
Merit: 2965
Terminated.
January 22, 2016, 04:01:58 AM
#3
This guy has no idea what he's talking about if Google translate properly translated that page for me. There are no technical arguments and it is clearly stated on the Core roadmap for scaling why 2 MB blocks are bad right now. He talks under the assumption that Core plans on sticking with 1 MB forever and making the main chain a settlement layer for the banks. He also assumes that the fees will rise to a few hundred dollars. Both points are complete nonsense:
A) Why would banks be using Bitcoin as a settlement layer if adoption is limited? They can easily create their own.
B) Why would anyone use a system with drastically high fees when they can switch to alternatives?

The post also mentions Moore's law which is pretty much dying. Bitcoin will not stay at 1 MB.
legendary
Activity: 950
Merit: 1000
January 22, 2016, 03:45:44 AM
#2
Good initiative. But it is English board! How could we understand the provided Chinese web page?
legendary
Activity: 1621
Merit: 1000
news.8btc.com
January 22, 2016, 02:42:54 AM
#1
Mr. Jiang, operator of btc/ltc mining pool, released an article on refuting the 5 arguments of 1mb supporters.
He asked the Chinese community to support 2MB plan.
~2.5kviews and 46 comments so far.


【比特币面临关键选择】恳请所有持币人支持2MB扩容
http://8btc.com/thread-28282-1-1.html

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