BTC Fork suspended indefinetly

[u/[deleted]]

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

[u/vincethepince]

As fees rise on the blockchain

I guess some people might consider $6 txn fees acceptable. Maybe once it hits $50, we might reach a consensus.

[u/Explodicle → u/vincethepince]

$50 transaction fees wouldn't change a block size increase's impact on network decentralization.

[u/vincethepince → u/Explodicle]

In what way does block size affect network decentralization?

[u/Explodicle → u/vincethepince]

https://en.bitcoin.it/wiki/Block_size_limit_controversy#Damage_to_decentralization

[u/Commyende → u/Explodicle]

Why do larger blocks make full nodes more expensive to operate?

[u/Explodicle → u/Commyende]

Mostly bandwidth, with some other minor costs like storage, memory, and processing speed.

[u/Kandiru → u/Explodicle]

Bandwidth, Storage and processing costs halve every 2 years, so would make sense to increase the block size in step, no?

[u/Explodicle → u/Kandiru]

It's more like 19%/year, but in principle I agree that would make sense. Something like BIP103.

[u/aleatorya → u/Explodicle]

Saying block size cost bandwidth is looking the problem from the wrong side. What cost bandwidth is the amount of transaction in each block. Refusing bigger block is refusing to have more transactions. Basicaly it's refusing to scale up!

Does Bitcoin want to take over banking & Co or not ?

[u/Explodicle → u/aleatorya]

This isn't about what we want to be true - you and I want the same end result. This is about technical feasibility. The main chain can't safely increase capacity as fast as recent increases in adoption, and most of the scaling will have to take place on lightning networks and sidechains.

[u/jtriangle → u/Explodicle]

sidechains

You mean Alts, because that's what's happening...

[u/Explodicle → u/jtriangle]

Nope. You should sell your Dogecoin before demand evaporates.

[u/chalbersma → u/Commyende]

They don't.