Which comes first: Halving or max transactions exceeded?

Possum577

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Quote from: cryptoforcause on June 04, 2015, 10:13:19 PM

Halvening is going to come first and as reported it is supposed to come by the end of this year which shall cause a boom in the prices.
Maximum transactions would take another 2-3 years minimum.

You should read more about the impact of the halving. It's definitely not a guarantee that it will cause "a boom in the prices." Halving may have very little impact at all, particularly if demand remains the same as it is now. Supply is important but without increased demand, significant increase in demand you won't be seeing any moon-rise mornings.

S4VV4S

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Quote from: MicroGuy on June 04, 2015, 10:31:41 PM

Quote from: knolix on June 04, 2015, 10:22:48 PM

Is the 20 MB blocksize increase planned for both bitcoin and gavin coin ?

Satoshi built Bitcoin, the currency we all use and love.

He selected the supply cap, the inflation rate, the mining algorithm, etc., etc. Let's not forget, he also selected Gavin. And Gavin is more important than the 21 million bitcoin cap. So if you want to throw Gavin under the bus, you might as well throw everything else there too.

I don't know how you made that speculation, but Gavin is not more important than anything when it comes to Bitcoin.
That would defy the whole principle of being decentralized.
Apart from that, if Gavin was to depart, Bitcoin would take a hit but it would survive it as it did many other obstacles.

On topic: I think halving will come first.
I believe we still have a long way until we hit the 1mb limit.

kelsey

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Quote from: MicroGuy on June 04, 2015, 10:31:41 PM

Quote from: knolix on June 04, 2015, 10:22:48 PM

Is the 20 MB blocksize increase planned for both bitcoin and gavin coin ?

Satoshi built Bitcoin, the currency we all use and love.

He selected the supply cap, the inflation rate, the mining algorithm, etc., etc. Let's not forget, he also selected Gavin. And Gavin is more important than the 21 million bitcoin cap. So if you want to throw Gavin under the bus, you might as well throw everything else there too.

why keep lying to everyone, you hate bitcoin and have trolled it for the longest time, now you spam throughout the forum with going Gavin's fork only cause you want to see bitcoin fail (in some vain delerious hope ur own shitcoin will make it).

LiteCoinGuy

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In Satoshi I Trust

Quote from: knolix on June 04, 2015, 10:00:17 PM

What do you guys think ?

new account but you seem to have at least a little bit of understanding - and the question is nice too. so welcome here Wink

halving i would say too. (but i want the fork before the halving if this is possible Lips sealed

)

Herbert2020

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i think we still have time until max transaction limit is reached, so block having IMO is going to be here sooner than any changes in block size.
besides changing the block size still needs much more arguing and work to be implemented.

knolix

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Quote from: DarkHyudrA on June 05, 2015, 09:27:12 AM

With the 20MB per block limit, definetely the block reward halving of course.
That's the idea of why the limit per block is so high: it's a long term "fix".
But with 1MB there's chance to be a block that is fully filled before the halving.

Quote from: medUSA on June 05, 2015, 06:56:01 AM

Quote from: ?? on ??

Halving is mid 2016. and we're at mid 2015 with avg block size of over 900KB!

^ These figures are a bit different to what I remember

Halving is estimated to be around 2016 July
Source: http://bitcoinclock.com

Average block size is ranging from 0.35M to 0.45M
Source: https://blockchain.info/charts/avg-block-size?timespan=180days

and there is no need for bad language in discussions Wink

Average isn't the max.
We can't wait to the Average to be 1MB. Even if the Average was 750KB it would be bad, it would be a signal that some blocks on critical times are being fully filled.

I think even if we reach Avarage of 1MB and no fork happens bitcoin won't suffer will just test what will hapen when the 21 mil cap is reach and the fees are the only revenue for miners who support the network

DarkHyudrA

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English <-> Portuguese translations

With the 20MB per block limit, definetely the block reward halving of course.
That's the idea of why the limit per block is so high: it's a long term "fix".
But with 1MB there's chance to be a block that is fully filled before the halving.

Quote from: medUSA on June 05, 2015, 06:56:01 AM

Quote from: ?? on ??

Halving is mid 2016. and we're at mid 2015 with avg block size of over 900KB!

^ These figures are a bit different to what I remember

Halving is estimated to be around 2016 July
Source: http://bitcoinclock.com

Average block size is ranging from 0.35M to 0.45M
Source: https://blockchain.info/charts/avg-block-size?timespan=180days

and there is no need for bad language in discussions Wink

Average isn't the max.
We can't wait to the Average to be 1MB. Even if the Average was 750KB it would be bad, it would be a signal that some blocks on critical times are being fully filled.

unamis76

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Halving will come first, definitely... IF we solve the block size issue ASAP

medUSA

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--Signature Designs-- http://bit.ly/1Pjbx77

Quote from: ?? on ??

Halving is mid 2016. and we're at mid 2015 with avg block size of over 900KB!

^ These figures are a bit different to what I remember

Halving is estimated to be around 2016 July
Source: http://bitcoinclock.com

Average block size is ranging from 0.35M to 0.45M
Source: https://blockchain.info/charts/avg-block-size?timespan=180days

and there is no need for bad language in discussions Wink

newIndia

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Quote from: Brewins on June 05, 2015, 04:09:12 AM

If the number of transactions get dangerously close to maximum block limit something will be made quickly, because no one would like to risk the whole Bitcoin system.

Bitcoin network will not break down if 1 MB limit is reached. Recently there was a spam test in bitcoin network which artificially created huge Tx volume to jam the network. It just took some extra time for those transactions to be confirmed and everything came back to normalcy. If the cap is not increased but Tx volume keep increasing, then network will just be a bit slow and that's all.

Amph

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Quote from: ?? on ??

Quote from: Amph on June 05, 2015, 03:13:01 AM

probably halving, because the 20mb transaction limit is expected to enter in play by march, and from march to july, there is not enough time for skyrocketing to 20mb, and saturate it

I'm pretty sure he meant 1MB limit.

then this discussion is pointless, because it is expected to be fully saturated around march, and tx limit is increasing on average every day, he just need to take a look at the chart

Brewins

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If the number of transactions get dangerously close to maximum block limit something will be made quickly, because no one would like to risk the whole Bitcoin system.

Amph

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probably halving, because the 20mb transaction limit is expected to enter in play by march, and from march to july, there is not enough time for skyrocketing to 20mb, and saturate it

Lauda

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Terminated.

If everything stays quiet in the Bitcoin world then yes. Otherwise don't be so sure about it. The halving will happen around ~29.07.2016. If we see another spike before that it is likely that we will exceed the maximum transactions (at least or a few blocks).

Quote from: cryptoforcause on June 04, 2015, 10:13:19 PM

Halvening is going to come first and as reported it is supposed to come by the end of this year which shall cause a boom in the prices.
Maximum transactions would take another 2-3 years minimum.

Your estimation is wrong, but that is wrong. However, you're posting nonsense because of your signature. It takes a maximum of 10 seconds to check when the halving is (if you're slow). It took me literally 2 seconds to verify before posting.

Quote from: anderson00673 on June 05, 2015, 12:36:00 AM

I think you are confused about this. There will not be a second coin, no gavin coin, no double coin, none of this nonsense you have been reading from the noobswarm. Oh, wait. I get it. Never mind, carry on. Nothing to see here.

Everyday it is the same thing..
https://bitcointalksearch.org/topic/m.11531999

anderson00673

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Quote from: knolix on June 04, 2015, 10:22:48 PM

Is the 20 MB blocksize increase planned for bouth bitcoin and gavin coin ?

I think you are confused about this. There will not be a second coin, no gavin coin, no double coin, none of this nonsense you have been reading from the noobswarm. Oh, wait. I get it. Never mind, carry on. Nothing to see here.

Alley

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Most likely the halving unless all these institutions start using the blockchain for trading.

knolix

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MeVu

Quote from: MicroGuy on June 04, 2015, 10:31:41 PM

Satoshi built Bitcoin, the currency we all use and love.

He selected the supply cap, the inflation rate, the mining algorithm, etc., etc. Let's not forget, he also selected Gavin. And Gavin is more important than the 21 million bitcoin cap. So if you want to throw Gavin under the bus, you might as well throw everything else there too.

Some of us might hate bitcoin if it lose us money

I would rather throw the 21 mil then Gavin ofcourse humans are more important then money.

But about 10 from the 21 mil it's mine and i want to know what i got into

achow101

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Just writing some code

Quote from: knolix on June 04, 2015, 10:22:48 PM

Is the 20 MB blocksize increase planned for bouth bitcoin and gavin coin ?

There is no gavincoin, there is only Bitcoin. The block size increase is planned for a hard fork in Bitcoin when more than 90% of the network uses the proposed protocol.

MicroGuy

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Quote from: knolix on June 04, 2015, 10:22:48 PM

Is the 20 MB blocksize increase planned for both bitcoin and gavin coin ?

Satoshi built Bitcoin, the currency we all use and love.

He selected the supply cap, the inflation rate, the mining algorithm, etc., etc. Let's not forget, he also selected Gavin. And Gavin is more important than the 21 million bitcoin cap. So if you want to throw Gavin under the bus, you might as well throw everything else there too.

knolix

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MeVu

Is the 20 MB blocksize increase planned for bouth bitcoin and gavin coin ?

Topic: Which comes first: Halving or max transactions exceeded? (Read 1442 times)