Re:Did Bitcoin just prove it can't scale?
by theWatcher37 on Saturday December 09, 2017 @03:07PM
(#15887799)
Incorrect. The fact is the network lacked the capacity to handle the requested number of transactions, and in turn auctioned off the tickets to the lifeboat to whoever paid the most.
You’re arguing “nobody died in the titanic that didn’t pay enough”, when the problem is clearly there aren’t enough lifeboats.
Re:Did Bitcoin just prove it can't scale?
by gruez on Saturday December 09, 2017 @03:17PM
(#15887850)
why are you equating space on a global ledger with space on a lifeboat?
Re:Did Bitcoin just prove it can't scale?
by mort96 on Saturday December 09, 2017 @07:11PM
(#15888929)
It's called an analogy.
Re:Did Bitcoin just prove it can't scale?
by Beejeepa on Saturday December 09, 2017 @02:21PM
(#15887517)
The market doesn't function when people can't transact freely. Price signals get distorted. When the blockchain is frozen, we don't know the actual supply and demand of Bitcoin.
Bitcoin Cash fixes Bitcoin by providing a capacity market, where transactions can cost whatever nodes / miners can compete at.
Re:Did Bitcoin just prove it can't scale?
by Bombthecat on Saturday December 09, 2017 @01:25PM
(#15887173)
Use https://estimatefee.com/. Not paying enough to win the fee auction is not the same as no transactions getting through at all. You seem a bit misinformed to be using the "Dude" prologue.