Re:Bitcoin faces a crossroads, needs an effective decision-m...
by xiphias on Monday May 11, 2015 @02:35PM
(#9526860)
The blocksize debate asks the wrong question: not whether the blocksize should be increased, but more like what are the steps to do to make sure that the blocksize increase is as safe as possible: decreasing the header sizes, improving DOS attacks, synchronization between nodes are more important then the 15-liner that just increases the maximum block size.
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Re:Bitcoin faces a crossroads, needs an effective decision-m...
by PierreRochard on Monday May 11, 2015 @04:32PM
(#9527651)
Those are the technical questions. The big picture economic question is, how does bitcoin mining transition from block reward revenue to transaction fee revenue ( see http://nakamotoinstitute.org/bitcoin/#selection-185.5-185.39... ).
Discussion with Gavin on this subject here: http://bitstein.org/blog/pierre-rochard-and-gavin-andresen-d...
Re:Bitcoin faces a crossroads, needs an effective decision-m...
by nosuchthing on Monday May 11, 2015 @05:19PM
(#9527920)
The greater issue of BTC is the odds between hording speculators who "believe" the "rarity" of Bitcoin will increase the market price. Currency should be predictably stable as a medium to facilitate exchange of other goods and services. Currency should also be encouraged to recirculate back into the economy, rather than sit around doing nothing.
There's also a huge issue of people dedicating effort to form price manipulator syndicates and HFT bots within the cryptocoin communities [1]