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Question: Should maxblocksize increase? Which proposal do you prefer?  (Voting closed: September 04, 2015, 01:06:49 PM)
BIP101. Gavin Andresen. - 89 (36.2%)
BIP100. Jeff Garzik. - 44 (17.9%)
BIP103. Pieter Wuille. - 15 (6.1%)
Soft fork. Adam Back. - 19 (7.7%)
No increase. - 29 (11.8%)
Any, but with consensus. - 50 (20.3%)
Total Voters: 197

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Author Topic: #Blocksize Survey  (Read 16117 times)
Adrian-x
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January 23, 2016, 02:12:05 AM
 #321


Absolutely.  I've argued before that the smallblock militants suck at math and logic and I'm still yet to hear a counter argument from them that makes a shred of sense.  Either we get more users paying fees to the miners, or the fees have to rise.  Diverting fees to third parties makes it even worse. 


The Core argument is no, we need to limit Block Space to increase fees to subsidize miners. This logic assumes Bitcoin will grow despite being a very expensive network while other cheeper solutions exist.

The solution is economies of scale, we need more users paying moderate fees, The security subsidy (25BTC) that we all pay via inflation is subsidizing fees while we grow the network. restricting block space is jeopardizing this growth and undermining the defalt incentive design in Bitcoin. 

here is another very underhanded play by Core developers manipulating the situation:
https://www.reddit.com/r/btc/comments/428aae/influential_bitcoin_core_developer_proposes/

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January 23, 2016, 02:16:48 AM
 #322


I'm not sure I understand? are you saying we want people to stop using the blockchain?

What do you think people are going to do when Block space is full, they are going to use off blockchan solutions. (I.E. not Bitcoin) I would like to avoid a Mt'Gox situation and let people interact directly with Bitcoin, not make it just an exclusive club for centralized corporations and banks.   

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January 24, 2016, 12:11:36 PM
 #323


I'm not sure I understand? are you saying we want people to stop using the blockchain?

What do you think people are going to do when Block space is full, they are going to use off blockchan solutions. (I.E. not Bitcoin) I would like to avoid a Mt'Gox situation and let people interact directly with Bitcoin, not make it just an exclusive club for centralized corporations and banks.   

Yep, that's exactly what hdsuck thinks and, ultimately, wants.  An exclusive, privileged chain for early adopters and millionaires and everyone else can GTFO.  This would be an appalling outcome for Bitcoin and we can't allow it to happen.

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