I don't understand what Mike Hearns is droning on about?

[achow101]

Part of the issue is that no one really agrees on the exact method of increasing the capacity of Bitcoin.

An economic majority will decide soon.  We've heard enough of this excuse for too long.

It isn't an excuse, it is a fact. There are immense numbers of differing opinions regarding this block size debate. It is among users, developers, miners, everyone. From what I see, practically everyone agrees that there should be an increase, yet I have not seen everyone agree to what to use. I see a lot of people who go with XT, I see many who stick with Core. Overall, I do not see any "economic majority" deciding anything. If you see it, could you perhaps point it out to me?

[MicroGuy]

It is not just Mike Hearn who thinks that we need bigger blocks.
Gavin, Jeff Garzik, and a whole slew of industry leaders and
miners also think we need bigger blocks... Yet core has refused
to deliver that.

This is the essence of the problem. Core needs to decide between either 2MB or 4MB blocks and the storm will calm immediately.

[jasonjm]

my prediction: now that Hearns is gone, the block code size limit will be increased just in time to coincide with the July halvening....... And bitcoin reaches new all time highs.

Instead of the doom and gloom people love to spread.

[jonald_fyookball]

It is not just Mike Hearn who thinks that we need bigger blocks.
Gavin, Jeff Garzik, and a whole slew of industry leaders and
miners also think we need bigger blocks... Yet core has refused
to deliver that.

This is the essence of the problem. Core needs to decide between either 2MB or 4MB blocks and the storm will calm immediately.

What makes you think that will do that in the next (pick a number) months when they haven't done anything so far?

Overall, I do not see any "economic majority" deciding anything. If you see it, could you perhaps point it out to me?

www.bitcoinclassic.com

[achow101]

Overall, I do not see any "economic majority" deciding anything. If you see it, could you perhaps point it out to me?

www.bitcoinclassic.com

And..? I don't see any particular economic majority agreeing on anything in the poll linked on the site: https://bitcoin.consider.it/ and I wouldn't consider that poll to be representative of the population.

[enhu]

we can always remind everyone to upgrade their software just to have that blocksize as well. wallet software usually prompts updates when being opened. armory does as far as i know so forcing users to do so is doable. users will sure update after all its about money.

[jonald_fyookball]

Overall, I do not see any "economic majority" deciding anything. If you see it, could you perhaps point it out to me?

www.bitcoinclassic.com

And..? I don't see any particular economic majority agreeing on anything in the poll linked on the site: https://bitcoin.consider.it/ and I wouldn't consider that poll to be representative of the population.

I think Bitcoin classic because a number of prominent companies and developers are behind it.
But it doesn't necessarily have to be bitcoin classic.  I think sooner or later an economic majority
will get behind one solution.  

Necessity is the mother of invention.

[jasonjm]

yip. I work in IT full time.

Very often companies I would go into would be sitting on some old system that needed to be replaced, and I used to be very proactive in telling them to upgrade, change, etc

Often though companies would push back, and say we will wait and use the old system until it is very close to completely unworkable, and it used to drive me nuts, I used to get frustrated as hell, lost my cool, etc

But from watching events unfold, sometimes that old system would last long enough until some new technology or solution previously unavailable came around, and then the company would have scored double, firstly from getting more years out of the current system essentially for free, and secondly, a better and / or cheaper solution than was previously available presents itself.

So I learned its not always so clear cut and obvious.

I hope this is what will happen with bitcoin, when the upgrade finally comes, it will be very good and very agreed upon instead of a panic partisan type upgrade which bitcoin XT would have been.