Re:Due to Bitcoin network fees, customer loses $10 trying to...
by Rallerbabs on Friday November 24, 2017 @07:59PM
(#15773850)
This is typical bcash spindoctoring.
It's not due to Bitcoin fees. It's due to BitPay's ridiculous fee mechanics.
Bitcoin works perfectly well when the mempool isn't being logjammed by 1-satoshi transaction spammers, in a misguided attempt to make bcash overtake Bitcoin.
Sometimes, the obvious solution isn't the right one.
Bigger blocks means more bandwidth is needed for blocks found by miners, which are transmitted across the whole network.
Our infrastructure isn't growing as fast as Bitcoin is.
Ergo, on-chain scaling doesn't work. Scaling can only realistically be done off-chain.
It's not due to Bitcoin fees. It's due to BitPay's ridiculous fee mechanics.
Bitcoin works perfectly well when the mempool isn't being logjammed by 1-satoshi transaction spammers, in a misguided attempt to make bcash overtake Bitcoin.
Sometimes, the obvious solution isn't the right one.
Bigger blocks means more bandwidth is needed for blocks found by miners, which are transmitted across the whole network.
Our infrastructure isn't growing as fast as Bitcoin is.
Ergo, on-chain scaling doesn't work. Scaling can only realistically be done off-chain.
When in doubt, consult our boy Andreas:
https://www.youtube.com/watch?v=AecPrwqjbGw
There is no block size big enough that it will prevent transaction spammers from logjamming the mempool.
Big blocks are not in any way, shape or form a solution to any problem.
Sorry, bcash supporters...
Big blocks don't scale.
Full stop.