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The True Cost of Bitcoin Transactions

moneyandstate.com

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Re: The True Cost of Bitcoin Transactions

#2
There is a small faction of the Bitcoin community working exceptionally hard to prevent any block size increase. I find their motives really baffling. They had some legitimate arguments a few years ago when discussion of this issue first started but those have all since been superseded by improvements in the protocol like xthin.

They now resort to distasteful tactics by running anyone out of town that even so much as suggests a block size increase. They are also working overtime to censor any comments that challenge their world view on the /r/bitcoin sub reddit which is why you see such hostile comments mentioned by the OP in response to users asking about slow transactions. /r/bitcoin is now just an echo chamber where yes men regurgitate the agenda of a select few. Eeveyone else is shadow banned.

edit: anyone that doubts this go make a comment in /r/bitcoin that contains the word "censorship" then view the page in incognito mode. The comment is immediately hidden by the automoderator. It really is nuts.

Article about the history of censorship in /r/bitcoin https://medium.com/@johnblocke/a-brief-and-incomplete-histor...

Re: The True Cost of Bitcoin Transactions

#5
post #2

There is a small faction of the Bitcoin community working exceptionally hard to prevent any block size increase. I find their motives really baffling. They had some legitimate arguments a few years ago when discussion of this issue first started but those have all since been superseded by improvements in the protocol like xthin. They now resort to distasteful tactics by running anyone out of town that even so much as…

That's really baffling, I perceived quite the opposite.

Re: The True Cost of Bitcoin Transactions

#6
Most people are for larger blocks.

But since last fall the real problem is few high profile reactionaries (and of course miners) working against SegWit adoption.

Had SegWit been voted in we would already be discussing larger block size. Instead, there is nothing going on.

I predict the larger block reactionaries will fold next month once they realize they need to vote for SegWit if they want to be taken seriously.

Re: The True Cost of Bitcoin Transactions

#8
post #4

If Eric was serious about this he would have targeted this post at chinese miners who are stalling on activating segwit (which is a 2x blocksize increase and the foundation for instant & nearly free txs via the Lightning Network).

Erm, targeted at? You mean he would have, what, written it in Chinese?

Note he said most businesses are looking for Segwit activation + a hard fork blocksize increase (ours included). The "Chinese miners" have expressed that desire as well. Segwit is stalling because it's not what the market is asking for.

Re: The True Cost of Bitcoin Transactions

#10
post #5
post #2

There is a small faction of the Bitcoin community working exceptionally hard to prevent any block size increase. I find their motives really baffling. They had some legitimate arguments a few years ago when discussion of this issue first started but those have all since been superseded by improvements in the protocol like xthin. They now resort to distasteful tactics by running anyone out of town that even so much as…

That's really baffling, I perceived quite the opposite.

Based on what? Can you name a single dev that expresses support for bigger blocks that hasn't been systematically ridiculed and excluded from Bitcoin Core development by the small block crowd? It isn't even possible to get an accurate perception of Bitcoin Unlimited support from reading the traditional Bitcoin discussion forums like /r/bitcoin because there is ZERO tolerance for discussion of bigger blocks unless it in a negative context.
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