| > It is not yet a problem. That's a controversial premise that the article repeatedly addresses. You may not be convinced, but there is a lot of stuff cited in there on that exact point.[1] Those links lead to other resources fleshing this out pretty quickly.[2, 3] I found this bit persuasive: > "Some customers contacted Chris earlier today asking why our bitcoin payouts didn’t execute ... The issue is that it’s now officially impossible to depend upon the bitcoin network anymore to know when or if your payment will be transacted, because the congestion is so bad that even minor spikes in volume create dramatic changes in network conditions. To whom is it acceptable that one could wait either 60 minutes or 14 hours, chosen at random? It’s ludicrous that people are actually writing posts on reddit claiming that there is no crisis. People were criticizing my post yesterday on the grounds that I somehow overstated the seriousness of the situation. Do these people actually use the bitcoin network to send money everyday?"[original article, citing [4]] I'm an outsider here, and don't have a stake in this. So maybe people who have followed this debate more closely can recognize that as a total fabrication, but to me it sounded like a plausible business concern. [1] http://gavinandresen.ninja/why-increasing-the-max-block-size... [2] http://gavinandresen.ninja/the-myth-of-not-full-blocks [3] http://hashingit.com/analysis/44-bitcoin-traffic-bulletin-re... [4] http://forums.prohashing.com/viewtopic.php?f=11&t=679 |