You are viewing a single comment's thread from:
RE: Dashpay Magazine: Lack of Consensus Leads to Bitcoin Hardfork Proposal
And the infamous Bitcoin disagreement keeps going and going! :S
And the infamous Bitcoin disagreement keeps going and going! :S
@claudia Amen to that. The blocksize argument has been on going for months without resolution. If they hard fork with out learning from Ethereum's mess? Well.... We all saw what happened to Ethereum.
Bitcoin has needed a block size increase for a long time now but it would require a massive change out of all the current ASIC's that are doing a majority of the mining. The block size has been at it's cap for a while now. Between the need for different ASIC's and the reward halving, no one wants to foot the bill to preserve the blockchain and increase the speed at which transactions are validated. It's a bit of a mess that no one wants to pay for and those who will suffer the most are the people who simply use BTC but don't mine it. Mining is very cost prohibitive unless you have millions to invest in a server farm based mining operation.
A classic damned if you do, damned if you don't argument that's been going on since last year.