Quote:
Originally Posted by NickBaer
Or, the Miners will buy another x386 to handle the new demand. Supply and Demand economics. More transactions to confirm, more computers to process transactions they are already earning fees from. Scalability. Increased scale often lowers the price.
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Um, what? The transactions are backlogged because Bitcoin Core's block size is limited to 1MB, which was an arbitrary limit imposed years ago by Nakamoto to prevent a DoS. Despite being aware of the potential for overload for some time (years), the Core team refuse to raise this limit, and continue to push their Lightning off-chain settlement solutions... but that product doesn't actually exist yet. So now we're left banging hard against that limit for the next 12 or 18 months until they get their act together and release a usable product. Coincidentally many of the core members are from a company that will offer this product commercially.
This stubborn refusal to raise the block limit despite pending doom is one of the main reasons Bitcoin Cash was created.
Adding mining power will not achieve anything because Bitcoin Core is limited to 144MB worth of blockchain transactions per 24 hours.
Maybe do some research instead of just spamming your reflink in every fucking thread.
