When will action be taken on the block size limit?

[vivolo]

When will the blocksize be altered? either by going with gmaxwells approach or gavins. also which is the most likely at this present time?

[Hugroll]

im also wondering this. is there a deadline that something will be decided by?.

[unamis76]

Action is already being taken and each BIP related to this discussion has a rule for triggering the fork

[ashour]

It is difficult to say but the community is split into "8mb blocks or 1mb blocks" camps. I think that a solution will be found once the block increase can't be avoided anymore.

[Wladimiro]

It is difficult to say but the community is split into "8mb blocks or 1mb blocks" camps. I think that a solution will be found once the block increase can't be avoided anymore.

Too expand on this. The block limit could be reached in 1 hour. 2 hours. 3 days. 7 days. a month. 6 months. but its within the near future. for all we know the 2 fighting parties have a short term agreement that if it does hit the limit and the community hasnt decided yet then they both launch their ideas and the community picks real time. or a very short term solution is put in to give a little more time in deciding. we as the community are in the dark on what and when anything is going to be done

[coinpr0n]

It seems likely that no action will be taken at least until the second Scaling Bitcoin conference in December. So I would guess in early 2016.

[LiteCoinGuy]

deadline will be when we have to pay 1 Dollar per transaction and lose alot of people because of this. there is no "moon" (or a high bitcoin-price) with this blocksize limit.

[achow101]

So far, according to the BIPs, the earliest date that the hard fork will occur is January 11, 2016.

[Mickeyb]

It seems likely that no action will be taken at least until the second Scaling Bitcoin conference in December. So I would guess in early 2016.

Yes this is my guess as well. Nothing before the Hong Kong one in the first week of December. I kind of hopped and still do hope that something will be stirred up after this first Montreal one, but I don't know, probably nothing will happen. I guess we'll hear the follow up very soon from the Montreal conference.

The important thing at the moment is that the Gavin' proposal isn't gaining anymore traction. If Bitcoin was to take this road, that would be a real disaster in my opinion.

[Hugroll]

we can already see that the fees have went up, im fine with 0.0003 fees per transaction, but I'd much rather have a fixed fee thats always the same no matter how big or small the tx is. If the time comes to $1+ fees, I'll probably stop using bitcoin for everyday transactions and only use it occasionally for $100+ transactions.

[Quantus]

Edit miss read that sorry.

Ultimately the Miners decide how many transactions to include in a block. If miners lost all block rewards today each transaction would have to be 20 USD to make up for that loss.
 3rd edit:
You can have 1GB block and still have high fees because the miners set the fees... They are the gate keepers.


Edit 4. Bitcoin will never be free it won't even be cheap if its controlled by centralized mining pools. 

[Mickeyb]

we can already see that the fees have went up, im fine with 0.0003 fees per transaction, but I'd much rather have a fixed fee thats always the same no matter how big or small the tx is. If the time comes to $1+ fees, I'll probably stop using bitcoin for everyday transactions and only use it occasionally for $100+ transactions.

I don't know, at the end we will have to make some balance and decide on some drawbacks that Bitcoin as network is going to have. There is no perfect payment system, actually nothing is perfect so Bitcoin won't be either. Decision will must be made between centralization and block sizes.

What I am trying to say, even if some very small transactions get left out of the blocks since it doesn't pay off to pay fees for these transactions, let it be like this. I think that at the end, we can't have it all. This is exactly what this block size debate is showing us.

[Hazir]

deadline will be when we have to pay 1 Dollar per transaction and lose alot of people because of this. there is no "moon" (or a high bitcoin-price) with this blocksize limit.

That won't happen, not in next 20 years (of course if bitcoin will be alive by that time). If bitcoin ever reach 1 dollar fee for transaction it will kill one of the main reason why bitcoin is good. Block size limit is not important now, that is why we won't see any sudden actions, I guess devs will be waiting for the halving, next year to push changes.

[gentlemand]

That won't happen, not in next 20 years (of course if bitcoin will be alive by that time). If bitcoin ever reach 1 dollar fee for transaction it will kill one of the main reason why bitcoin is good.

There's no shortage of people who want that for Bitcoin today. I can only hope they'll be left in the dust because they're really not thinking through how that would appear to prospective users.

[VeritasSapere]

Action is already being taken and each BIP related to this discussion has a rule for triggering the fork

I do not think that this is accurate, only BIP101 has a mechanism for triggering a fork already in place. Also to answer the question of this thread. We will get an increased block size when the community and the economic majority wants to increase the blocksize, it is a matter of will. We do not need to wait for Core if we do not want to, the Core developers are not the rulers of Bitcoin. If we get fed up with waiting we can always just fork away from the Core development team. Embrace the freedom and decentralization that is Bitcoin.

[neoneros]

Action is already being taken and each BIP related to this discussion has a rule for triggering the fork

I do not think that this is accurate, only BIP101 has a mechanism for triggering a fork already in place. Also to answer the question of this thread. We will get an increased block size when the community and the economic majority wants to increase the blocksize, it is a matter of will. We do not need to wait for Core if we do not want to, the Core developers are not the rulers of Bitcoin. If we get fed up with waiting we can always just fork away from the Core development team. Embrace the freedom and decentralization that is Bitcoin.

Once another fork than the one of the Core development is chosen, the 'core' team can hop on again and go with fork like the rest, it is an ongoing development which is propelled by concensus.

Higher transaction cost might damage the small time users of bitcoin, but it would not harm the bigger transactions, it is still al lot less than the current traditional ways to wire money over the world.

[pereira4]

im also wondering this. is there a deadline that something will be decided by?.

From what i've researched it seems hat the deadline seems to be next year, so any of the first months of 2016 should be the day where it gets decided. Definitely before the halving.

[Quantus]

Action is already being taken and each BIP related to this discussion has a rule for triggering the fork

I do not think that this is accurate, only BIP101 has a mechanism for triggering a fork already in place. Also to answer the question of this thread. We will get an increased block size when the community and the economic majority wants to increase the blocksize, it is a matter of will. We do not need to wait for Core if we do not want to, the Core developers are not the rulers of Bitcoin. If we get fed up with waiting we can always just fork away from the Core development team. Embrace the freedom and decentralization that is Bitcoin.

And die in a fire as your alt coin implodes.

[Coogan]

we can already see that the fees have went up, im fine with 0.0003 fees per transaction, but I'd much rather have a fixed fee thats always the same no matter how big or small the tx is. If the time comes to $1+ fees, I'll probably stop using bitcoin for everyday transactions and only use it occasionally for $100+ transactions.

I think the fees will have to be adjusted as bitcoin grows to make it profitable/worthwhile for the miners.

[Carlton Banks]

It is difficult to say but the community is split into "8mb blocks or 1mb blocks" camps. I think that a solution will be found once the block increase can't be avoided anymore.

Completely wrong.

There is almost zero people in the 8 MB camp. Virtually no-one supports that solution.

There is almost zero people in the 1 MB camp. Virtually no-one supports that solution.


So you don't know what you're talking about. Please learn about the debate before making apparently stark statements of fact.