Which comes first: Halving or max transactions exceeded?

[knolix]

What do you guys think ?

[jbrnt]

Definitely halving I think. We are a long way to 1M on every block mined. I do not think we will suddenly have many merchants adopting bitcoin and an explosive number of new bitcoin users.

[subSTRATA]

ill agree and say halving will definitely come first, the proposed 20 MB block size change is for the long term scalability, and we are still far from reaching the 1 MB size cap on every block mined currently.

[cryptoforcause]

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.

[achow101]

Definitely the block reward halving. That occurs next July, and the 20 MB blocksize increase is planned for early 2016, a few months before the block halving. The block size increase is planned to occur way before the max transactions with the current block size.

[knolix]

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

[MicroGuy]

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.  

[achow101]

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.

[knolix]

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

[Alley]

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

[anderson00673]

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.

[Lauda]

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).

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.

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://bitcointalk.org/index.php?topic=1079743.msg11531999#msg11531999

[Amph]

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

[Brewins]

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]

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

[newIndia]

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.

[medUSA]

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 

[unamis76]

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

[DarkHyudrA]

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.

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 

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.

[knolix]

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.

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 

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