[2015-08-24] BitPay Supports Increase in Bitcoin Block Size Limit

[LiteCoinGuy]

BitPay Supports Increase in Bitcoin Block Size Limit

BitPay, the largest bitcoin payment processor has sided with Gavin Andresen’s court by showing its support towards incorporation of BIP 101. In other words, BitPay in one of their blog posts mentioned that the company supports the move to increase bitcoin block size from 1 MB to 8 MB (which is known as BIP 101).

http://www.newsbtc.com/2015/08/23/bitpay-supports-increase-in-bitcoin-block-size-limit/

[Kprawn]

Why should they not support XT? Have you looked at their privacy policy? ---> https://bitpay.com/about/privacy

The built-in extras that come with XT apart from the bigger block size, is no deterrent for them not to accept it... they already infringe on most of those privacy features.

The added benefit is the extra fee's associated with XT and it's bigger block sizes.... something that Bitcoin Core might not feature in side chains as part of Blockstream.

There is always a economic incentive for decisions like this, that makes no sense at all. 

[ashour]

Why should they not support XT? Have you looked at their privacy policy? ---> https://bitpay.com/about/privacy

The built-in extras that come with XT apart from the bigger block size, is no deterrent for them not to accept it... they already infringe on most of those privacy features.

The added benefit is the extra fee's associated with XT and it's bigger block sizes.... something that Bitcoin Core might not feature in side chains as part of Blockstream.

There is always a economic incentive for decisions like this, that makes no sense at all. 

Only BlockStreams supports the idea to not change the block size so their business model stays profitable. There is not point to not increase the block size, it will allow innovation in the bitcoin development area which would benefit bitcoin more than letting the block size be as it is now.