deisik (OP)
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April 03, 2016, 08:20:59 AM |
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there are some block that are full, this mean that we have already surpassed the limit on average, so it most certainly increase a bit, not 4x right, but 1.5x for now
If it were so, we would have a permanent congestion leading to a halt in Bitcoin operation. If some blocks are full, it just means that we have a spike or an outlier, but on average we still have enough room for the current level of load... |
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deisik (OP)
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April 03, 2016, 08:22:41 AM |
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Besides that, wouldn't changing the minimal fee (10k -> 40k) require a hard fork, lol?
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Amph
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April 03, 2016, 09:51:26 AM |
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there are some block that are full, this mean that we have already surpassed the limit on average, so it most certainly increase a bit, not 4x right, but 1.5x for now
If it were so, we would have a permanent congestion leading to a halt in Bitcoin operation. If some blocks are full, it just means that we have a spike or an outlier, but on average we still have enough room for the current level of load... i mean block are not at 1.5 average or purposely full for that size, because many now that they can not have that size yet, but if it were with that size, we would reach it already the fact that blocks are not 100% full, it does not mean that when the capacity is increased they would not reach the new limit fast |
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deisik (OP)
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April 03, 2016, 10:11:41 AM |
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there are some block that are full, this mean that we have already surpassed the limit on average, so it most certainly increase a bit, not 4x right, but 1.5x for now
If it were so, we would have a permanent congestion leading to a halt in Bitcoin operation. If some blocks are full, it just means that we have a spike or an outlier, but on average we still have enough room for the current level of load... i mean block are not at 1.5 average or purposely full for that size, because many now that they can not have that size yet, but if it were with that size, we would reach it already the fact that blocks are not 100% full, it does not mean that when the capacity is increased they would not reach the new limit fast What you say essentially boils down to saying that increasing block size limits would cause per se more transactions per day, right? That would be true only if the size limits restricted the volume of transactions processed, i.e. if the total majority of the blocks were full and there was constant congestion with thrown away transactions, which is surely not the case right now... Thereby, just increasing the block size limit shouldn't affect the number of transactions in any significant degree, since it is not a limiting factor at present |
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Ejanend
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April 08, 2016, 07:10:02 PM |
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there are some block that are full, this mean that we have already surpassed the limit on average, so it most certainly increase a bit, not 4x right, but 1.5x for now
If it were so, we would have a permanent congestion leading to a halt in Bitcoin operation. If some blocks are full, it just means that we have a spike or an outlier, but on average we still have enough room for the current level of load... i mean block are not at 1.5 average or purposely full for that size, because many now that they can not have that size yet, but if it were with that size, we would reach it already the fact that blocks are not 100% full, it does not mean that when the capacity is increased they would not reach the new limit fast What you say essentially boils down to saying that increasing block size limits would cause per se more transactions per day, right? That would be true only if the size limits restricted the volume of transactions processed, i.e. if the total majority of the blocks were full and there was constant congestion with thrown away transactions, which is surely not the case right now... Thereby, just increasing the block size limit shouldn't affect the number of transactions in any significant degree, since it is not a limiting factor at present The higher block size limit will encourage people to have more transactions and to use bitcoin more. |
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deisik (OP)
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April 08, 2016, 07:38:51 PM |
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What you say essentially boils down to saying that increasing block size limits would cause per se more transactions per day, right? That would be true only if the size limits restricted the volume of transactions processed, i.e. if the total majority of the blocks were full and there was constant congestion with thrown away transactions, which is surely not the case right now...
Thereby, just increasing the block size limit shouldn't affect the number of transactions in any significant degree, since it is not a limiting factor at present
The higher block size limit will encourage people to have more transactions and to use bitcoin more. How's that? Care to explain? |
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Amph
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April 09, 2016, 06:20:54 AM |
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What you say essentially boils down to saying that increasing block size limits would cause per se more transactions per day, right? That would be true only if the size limits restricted the volume of transactions processed, i.e. if the total majority of the blocks were full and there was constant congestion with thrown away transactions, which is surely not the case right now...
Thereby, just increasing the block size limit shouldn't affect the number of transactions in any significant degree, since it is not a limiting factor at present
The higher block size limit will encourage people to have more transactions and to use bitcoin more. How's that? Care to explain? well it's clear, blocks are not full know not because we have still a big margin, but because many know that massive usage would lead the block to be full, so they decide to do less transaction per day the simple thing of the limit is limiting the usage per day |
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deisik (OP)
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April 09, 2016, 07:18:23 AM |
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What you say essentially boils down to saying that increasing block size limits would cause per se more transactions per day, right? That would be true only if the size limits restricted the volume of transactions processed, i.e. if the total majority of the blocks were full and there was constant congestion with thrown away transactions, which is surely not the case right now...
Thereby, just increasing the block size limit shouldn't affect the number of transactions in any significant degree, since it is not a limiting factor at present
The higher block size limit will encourage people to have more transactions and to use bitcoin more. How's that? Care to explain? well it's clear, blocks are not full know not because we have still a big margin, but because many know that massive usage would lead the block to be full, so they decide to do less transaction per day the simple thing of the limit is limiting the usage per day So people are refraining from transacting in Bitcoin (read using it) because of the block size limit? Okay then, but in this case (which is doubtful, if not suspicious), it means that the devs can't do a thing (i.e. they are impotent and powerless)... Or that they are just saboteurs |
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Amph
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April 09, 2016, 09:53:23 AM |
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What you say essentially boils down to saying that increasing block size limits would cause per se more transactions per day, right? That would be true only if the size limits restricted the volume of transactions processed, i.e. if the total majority of the blocks were full and there was constant congestion with thrown away transactions, which is surely not the case right now...
Thereby, just increasing the block size limit shouldn't affect the number of transactions in any significant degree, since it is not a limiting factor at present
The higher block size limit will encourage people to have more transactions and to use bitcoin more. How's that? Care to explain? well it's clear, blocks are not full know not because we have still a big margin, but because many know that massive usage would lead the block to be full, so they decide to do less transaction per day the simple thing of the limit is limiting the usage per day So people are refraining from transacting in Bitcoin (read using it) because of the block size limit? Okay then, but in this case (which is doubtful, if not suspicious), it means that the devs can't do a thing (i.e. they are impotent and powerless)... Or that they are just saboteurs the dev are already doing something good for this, segwit plus hard fork to 2mb in 2017 , progress are there but they are just too slow for my taste... |
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Ejanend
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April 19, 2016, 10:02:10 AM |
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What you say essentially boils down to saying that increasing block size limits would cause per se more transactions per day, right? That would be true only if the size limits restricted the volume of transactions processed, i.e. if the total majority of the blocks were full and there was constant congestion with thrown away transactions, which is surely not the case right now...
Thereby, just increasing the block size limit shouldn't affect the number of transactions in any significant degree, since it is not a limiting factor at present
The higher block size limit will encourage people to have more transactions and to use bitcoin more. How's that? Care to explain? well it's clear, blocks are not full know not because we have still a big margin, but because many know that massive usage would lead the block to be full, so they decide to do less transaction per day the simple thing of the limit is limiting the usage per day So people are refraining from transacting in Bitcoin (read using it) because of the block size limit? Okay then, but in this case (which is doubtful, if not suspicious), it means that the devs can't do a thing (i.e. they are impotent and powerless)... Or that they are just saboteurs the dev are already doing something good for this, segwit plus hard fork to 2mb in 2017 , progress are there but they are just too slow for my taste... That is right. If they can reverse the order of the 2MB and segwit, there is no need for Class to exist. |
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AsaroUk
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April 19, 2016, 01:46:29 PM |
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The halving will be not canceled but the price will just now rise after the halving and that can be bad because there are a lot of people that wants to make profit with Bitcoin.
Bitcoin is just a currency and the bad thing is that you never know what there will happen with the value of Bitcoin.
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Hashminers
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April 20, 2016, 01:57:29 PM |
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If the halving is going to be canceled that means that the prices will stay the same. This is a good thing for the people that want to sell their coins but for the people who want to buy coins this is not so good news they will now have to spend more money.
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arwin100
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April 20, 2016, 02:25:34 PM |
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If the halving is going to be canceled that means that the prices will stay the same. This is a good thing for the people that want to sell their coins but for the people who want to buy coins this is not so good news they will now have to spend more money.
Halving will not be cancelled because it is the happenings or event on bitcoin can make him go to high price as you can see the past halving it is not cancelled. So the people will surely earn by that So let save our bitcoin to our wallet halving is coming. Money is coming. |
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rababo
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April 20, 2016, 03:05:32 PM |
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The halving every 4 years is programmed in the protocol. It's widely accepted by the community. This will not be changed unless agreed by the community. It will happen for sure.
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GamingBro
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April 20, 2016, 11:21:12 PM |
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The halving every 4 years is programmed in the protocol. It's widely accepted by the community. This will not be changed unless agreed by the community. It will happen for sure.
If community will start voting for cancel of halving i will kill myself really  Only miners will vote for this cause they will lose a lot but miners is ~30% of bitcoin users for sure so they will lose anyway. |
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deisik (OP)
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April 21, 2016, 05:54:23 AM
Last edit: April 21, 2016, 07:46:32 AM by deisik |
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The halving every 4 years is programmed in the protocol. It's widely accepted by the community. This will not be changed unless agreed by the community. It will happen for sure.
If community will start voting for cancel of halving i will kill myself really Only miners will vote for this cause they will lose a lot but miners is ~30% of bitcoin users for sure so they will lose anyway. Ordinary users and holders of Bitcoin are deprived of the right of voting. No democracy here, no right to choose and no right to be chosen there... But they can always sell (burn) their stash and walk away |
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bob123
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April 21, 2016, 10:01:08 AM |
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Halving is going to come. Not preventable.. like WW III
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Vaskiy
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April 21, 2016, 10:07:56 AM |
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Halving is going to come. Not preventable.. like WW III
Yeah for sure it is going to happen, this is already programmed, bitcoin holders, big merchants and traders are eagerly waiting for halving to come. Halving is coming means great profit is coming. |
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Redrose
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April 21, 2016, 11:06:56 AM |
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I don't see how it could be canceled since it is at the roots of Bitcoin. If I remember well, I saw someone saying that it will come earlier than excepted because of the rush for the hashpower. I don't know if it is true, but that's the only thing that can happen.
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Boosterious
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The mind is everything. What you think you become.
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April 21, 2016, 05:30:17 PM |
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There was much hype about the Fed raising interest rates in 2015, but we are still there, at the lowest possible level (wtf, it is even no longer the lowest possible limit). Bitcoin halving in July, 2016, is talked about as much, but will it really happen?
I ain't sure
lest throw back when people have a dream about openbazaar,and they talk too much about it,and now its really happen,that mean bitcoin havling for the next project of bitcoin will happen,i'm sure. |
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