http://cointelegraph.com/news/114481/chinese-exchanges-reject-gavin-andresens-20-mb-block-size-increase
Pathetic. The Bitcoin community is only ripping itself apart. Sometimes you have to do what is best for the community, but some
The great thing about bitcoin is that consensus in a distributed system overcomes all ego's.
What happened to OKcoin? ... I wonder
Quote
“An increase in block size to 20 megabyte would increase operating costs for miners and likely negatively impact the block orphan rates. Higher costs would be propagated to miners and then we may face a scenario where miners cannot run their operations profitably, causing some miners to cease operations. Fewer miners would lead to a decrease in the hash rate, thereby increasing the risk of 51% attacks on the network. ”
oh come on! such ludicrous BS downloading 20MB is SOOOOOOOOO costly
Quote
“A very large block size would be problematic for miners because the network bandwidth between China, where the majority of mining is done, and rest of the world is heavily restricted. Important proposals like these need to factor in all of the nuances of the global landscape.”
the bandwidth between China and rest of the world is <20MB every 10 mins?
