Re:Segwit2x Bitcoin Fork Suspended
by lawn on Thursday November 09, 2017 @02:10AM
(#15660475)
> But now you're making unsubstantiated claims again... the damage done to bitcoin?
How about comparing Bitcoin's percentage of total market capitalization [0] which crashed from ~80% down to ~40% when the blocks became full? The last month has regained that quite a bit but you could speculate it's because the promise of long overdue on chain capacity increase.
> I know you want to take the quick approach and just LOWER FEES NOW
It's been years since the limit should have been increased. Yet here we are with no on chain scaling for Bitcoin even remotely close to reality.
> that a cowboy attitude with blockchains makes it trivial to lose a lot of money
You're really comparing apples and oranges if you compare raising the block size with Ethereum's poorly designed smart contracts.
How about comparing Bitcoin's percentage of total market capitalization [0] which crashed from ~80% down to ~40% when the blocks became full? The last month has regained that quite a bit but you could speculate it's because the promise of long overdue on chain capacity increase.
> I know you want to take the quick approach and just LOWER FEES NOW
It's been years since the limit should have been increased. Yet here we are with no on chain scaling for Bitcoin even remotely close to reality.
> that a cowboy attitude with blockchains makes it trivial to lose a lot of money
You're really comparing apples and oranges if you compare raising the block size with Ethereum's poorly designed smart contracts.
[0] https://coinmarketcap.com/charts/