Thread: BTC $20k
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Old 12-17-2017, 08:00 PM  
rowan
Too lazy to set a custom title
 
Join Date: Mar 2002
Location: Australia
Posts: 17,393
Quote:
Originally Posted by Smack dat View Post
The number of transactions scaled way faster then was previously expected.
Talk of a block size increase because of potential overcrowding first started at least 3 or 4 years ago. There's been a lot of arguing over what to do when the block size limit was hit. Not unexpected at all. Even the Blockstream CEO (oops, I mean the "Bitcoin Core" guy) suggested a couple of years ago they may do a one-off block size increase as some temporary relief, but...nope, that never happened. It's in Blockstream's best interests to get people to experience some pain and hold out for the magic of their off-chain solutions, but I personally think they've left it too late.

Quote:
Originally Posted by magneto664 View Post
Sorry, but who will cover a power for almost free transaction? Idiots? no. nobody will run miners for this!
Don't forget miners get paid a sizeable block reward.
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