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Author Topic: Scaling Argument is Ridiculous  (Read 1035 times)
Kakmakr
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February 10, 2017, 06:45:50 AM
 #21

Ok, answer this question OP : We all know, miners fees must replace Block rewards in the future. If we encourage people to use other Alt coins for "dust" transactions, then how would Bitcoin mining be sustainable in the future?

If scaling solutions allowed for 1 000 000's of small transactions, then Block rewards will not even be worth it anymore, but people are more focused on short term, quick profits with limited amounts of transactions with high fees. ^hmmmmmm^

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topesis
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February 10, 2017, 07:54:24 AM
 #22

I think your arguement would be valid if Bitcoin is designed only for few rich people and developed countries. The other day I paid 50ksat to get a transaction moved fast, how many people in the developing countries can afford to pay $0.5 for every transaction, also this is going to rob merchants of their profit if they have to keep paying high transaction fee for every deal.
Xester
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February 10, 2017, 08:56:21 AM
 #23

There is no need for scaling. Fees will determine Priority.

People that want quick confirmations can send high fee. If you don't care, then you can send low fee. Plus once Bitcoin is more mainstream there will be more micro-payment solutions and alt coins to handle dust transactions.

Just calm down everyone, Bitcoin is working great!

Thanks for calming down everyone. Due to the problems with slow transaction confirmation many are in fear and in panic. If this keeps up then bitcoin users will leave bitcoin and that will be the end of it. But if we all become positive thinkers then we can finally reach that phase wherein transactions are a lot more faster and it will be in the mainstream.
kiklo
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February 10, 2017, 08:59:04 AM
Last edit: February 10, 2017, 09:11:20 AM by kiklo
 #24

There is no need for scaling. Fees will determine Priority.

People that want quick confirmations can send high fee. If you don't care, then you can send low fee. Plus once Bitcoin is more mainstream there will be more micro-payment solutions and alt coins to handle dust transactions.

Just calm down everyone, Bitcoin is working great!

Thanks for calming down everyone. Due to the problems with slow transaction confirmation many are in fear and in panic. If this keeps up then bitcoin users will leave bitcoin and that will be the end of it. But if we all become positive thinkers then we can finally reach that phase wherein transactions are a lot more faster and it will be in the mainstream.

LOL,

Don't worry Chinese exchanges have blocked all withdraws of BTC & LTC  ,
China is making sure no one gets their money out.  Tongue

Quote
1) Immediately from this moment, to suspend bitcoin and litecoin withdrawals;
https://www.cryptocoinsnews.com/bitcoin-price-is-crashing-as-chinese-exchanges-pause-withdrawals/

 Cool

FYI:
China Planned Price Collapse Maybe for BTC & LTC.     Tongue

FYI2:
But remain Calm , All is Well!
https://www.youtube.com/watch?v=zDAmPIq29ro
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