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Author Topic: What Comes First: Block Size or Halving?  (Read 2308 times)
bitcoinboy12
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January 28, 2016, 12:09:59 PM
 #21

Although I would like to say that it will be halving first based on history, this time I would like to give them the benefit of the doubt that there will be a resolution of block size prior to halving. I'm thinking of around 2-3 months time before they come up with a resolution though.

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January 28, 2016, 12:37:52 PM
Last edit: January 28, 2016, 02:07:29 PM by n2004al
 #22

I din't think that the problem of block size will be resolved so easy. The main core developer (Gavin Andresen) it is supporter of "another" bitcoin. With him even another charismatic developer as Jeff Garzik. The others remaining at bitcoincore are unknown people and with less contributes in the actual bitcoin (as it is actually). I don't see any point in which these two groups can be together.
This is just nonsense. Gavin is far from being 'main core' developer. The group that is working on Bitcoin Core is much bigger and more skilled than the one working for Bitcoin Classic.


For that I can understand it is the second one contributor on the development of the Bitcoin Core if it is taken as a point of reference this website:  

https://bitcoin.org/en/development

snip

and wladimir seems the first and he is still working on core, so i'm with this guy than anyone else on the team there

I am not taking the part of no one. I am not able to understand the difference that can exist and the problems which can be caused if the block size is increased with 1 MB, 2 MB and 8 MB. I told since the beginning that my technical knowledge in this matter are almost zero and I judge from that I can understand reading the news about this matter. And being in such situation cannot even find who has right and who has wrong or which is the best choice. But if it is true that Gavin was the most able person in that time for me seems not credible the fact that a person chosen by Satoshi as his successor become incompetent after some time. Have meaning to be better because will be more experienced but worst it is difficult to be credible for me. What would be happen if he wouldn't have been given the codes to the other devcores since the beginning? My answer is: it wouldn't be any kind of such problems for bitcoin today and even in the future.
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January 28, 2016, 01:11:05 PM
 #23

If we are being realistic then obviously the halfing will happen far before we can expect the block size problem to be solved.  The halfing isn't something that needs talked about to happen,  it will happen regardless.  The block size on the other hand has been talked about for months and will continue to be argued about for months to come.

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January 28, 2016, 01:26:39 PM
 #24

even if block size problem were to be solved soon, then implementation of hard fork and then making everybody use it , all the mining pools, etc it is going to take a very long time which i think block halving is going to pass by then.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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January 28, 2016, 01:34:56 PM
 #25

Whichever protocol the core devs with the community at large agreeing to would take at least a few months, so yeah, probably the halving would come out first before we can see the full effect of the changes.

Halving first, then blocksize solution. At this point it seems to be that a solution for blocksize will not be found until it really becomes a problem, sadly. Hope that is the other way around.


There is too much drag on the block size increase. But if the community cannot find a solution, the bitcoin will hardfork.

There's no need for a hardfork as far as I know.

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Kprawn
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January 28, 2016, 03:07:50 PM
 #26

I am going out on a limb here and saying that the block size issue will be resolved first and then the halving will happen. I think the Core team is getting

pretty fed up with all this fighting and bickering and they just want to push out the changes, before some new proposal pops up from the Bitcoin Classic

 side that might undermine all their hard work on SegWit.  Roll Eyes

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January 28, 2016, 04:25:47 PM
 #27

What are your opinions on this? Will the block size problem be resolved or will the halving happen first?

What problem? 

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January 28, 2016, 07:46:36 PM
 #28

Like everyone else said, halving  will come first.
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January 28, 2016, 07:57:40 PM
 #29

i believe that the block size limit will be changed way earlier than the halving because this problem has to be solved as soon as possible in my opinion
BTCBinary
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January 28, 2016, 08:05:56 PM
 #30

I'm quite sure that the block size increase will happen first. And I would agree if it was increased to 8MB or else in a year or two we will be confronted with the same problem.
Judging by how things are going and how bitcoin is becoming increasingly mainstream, the number of transactions will grow exponentially, and in order for the network to keep up there will be a need for a new block size increase. So, if that is happening, why should we only increase the block size to 2MB??
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January 28, 2016, 08:15:37 PM
 #31

yeah, surely the BI will come first. It is a matter of time until they implement it.
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January 28, 2016, 08:16:36 PM
 #32

We are going to have to wait a very long time for the block size limit to change. Halving will come first.
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January 28, 2016, 09:12:34 PM
 #33

I agree with the majority that the block halving will come first. First and biggest reason for that is that it is hard coded and will happen no matter what
at certain block, while block size will continue to raise argues and debates for months, if not even years to come
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January 29, 2016, 02:45:50 AM
 #34

Halving all the way, and at this rat you might be asking this same question in a few years

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January 29, 2016, 06:24:27 AM
 #35

After Gavin's latest Bip proposal for a 2MB block size upgrade, I would bet a lot of people will jump in that direction because it is the popular choice and we will see a block size increase before the halving. This little patch can have dire consequences in the future for the political shift it might develop.

You cannot put Band-aid on a gunshot wound and tell people the patient will survive. The doctor will get paid, but the patient might just die. I guess it is all about the power.

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January 29, 2016, 11:20:33 AM
 #36

After Gavin's latest Bip proposal for a 2MB block size upgrade, I would bet a lot of people will jump in that direction because it is the popular choice and we will see a block size increase before the halving. This little patch can have dire consequences in the future for the political shift it might develop.

You cannot put Band-aid on a gunshot wound and tell people the patient will survive. The doctor will get paid, but the patient might just die. I guess it is all about the power.
The majority is most often wrong and thus this would not surprise me one bit. Once we let a single political fork change the rules of the system, where does it end? Who's to say that there won't be other fundamental changes via other forks? Once you let this succeed, there is no coming back.

Halving all the way, and at this rat you might be asking this same question in a few years
Every year or two if we scale by increasing the block size.


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January 29, 2016, 12:27:31 PM
 #37

What are your opinions on this? Will the block size problem be resolved or will the halving happen first?

I din't think that the problem of block size will be resolved so easy. The main core developer (Gavin Andresen) it is supporter of "another" bitcoin. With him even another charismatic developer as Jeff Garzik. The others remaining at bitcoincore are unknown people and with less contributes in the actual bitcoin (as it is actually). I don't see any point in which these two groups can be together. Every each of those has already its bitcoin and is working for it. So, according to me, not only before halving but even to much time after halving there it will not be a solution of this problem. Being not a technician (devs or programmer) cannot be able to tell if this division (if can be successful both variants of bitcoin) could affect the halving but normally not. It would be the the halving of the bitcoin of today and not of the bitcoin classic. Anyhow if both are bitcoin and have the same code and development (except the block size) can (or must) be even the halving of the other one. Anyhow this is not something that is much important for this thread so have no meaning to be analyzed more.

What is this other bitcoin? That private/corporate one?

I strongly believe halving will come first, since the block size discussion doesn't seem to have a solution in the near future. I would say at least one year so it's possible to begin to grasp a consensus.

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January 29, 2016, 12:36:37 PM
 #38

I'm not even sure, the whole block size debate has been going on for far too long. I want to predict SegWit will be introduced but I'm not sure when they planned that so I think the halving will be first.

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January 29, 2016, 12:45:14 PM
 #39

Block size increase first, via 1st stage of SegWit in April.

Vires in numeris
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January 29, 2016, 01:19:21 PM
 #40

before there is an agreement about the ongong block size debate, we might be seeing the block halving is being completed first as an agreement regarding the block size can take another year or so. i have no confidence in a quick outcome.
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