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Title: Bitcoin 21 mil limit directly tied with block limit why change ? Post by: knolix on August 17, 2015, 11:19:19 PM The market is based on suply and demand for bouth BTC and BTC blocksize
With each halving the security of the network relies more on transaction fees and less on block reward Before now bouth arbitrary numbers 21 mil bitcoints and 1MB block size had fixed values Why change that now? Please advise what to do not to lose value of my BTC investment Best Regards Title: Re: Bitcoin 21 mil limit directly tied with block limit why change ? Post by: StevenS on August 17, 2015, 11:36:52 PM Before now bouth arbitrary numbers 21 mil bitcoints and 1MB block size had fixed values That is not correct. The 1MB block size limit was added in late 2010. Previously it was much larger.Title: Re: Bitcoin 21 mil limit directly tied with block limit why change ? Post by: knolix on August 17, 2015, 11:56:21 PM Before now bouth arbitrary numbers 21 mil bitcoints and 1MB block size had fixed values That is not correct. The 1MB block size limit was added in late 2010. Previously it was much larger.It was larger but it was a fixed value and the change was possible because there was no transaction fee market yet Title: Re: Bitcoin 21 mil limit directly tied with block limit why change ? Post by: AgentofCoin on August 18, 2015, 12:09:02 AM Before now bouth arbitrary numbers 21 mil bitcoints and 1MB block size had fixed values That is not correct. The 1MB block size limit was added in late 2010. Previously it was much larger.It was larger but it was a fixed value and the change was possible because there was no transaction fee market yet 32mb was the original amount and the change to 1mb was to prevent a potential spam attack while the system was still in its infancy. |