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by anon4this1
3813 days ago
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if chinese miners are indeed trying to limit blocksize in order to increase transaction costs, then the necessary chain of events which needs to occur is:
1) faith in bitcoin as a currency/payment system drops causing price crash
2) miners realise that the marginal increase in money made via transaction costs is massively outweighed by what they have lost in block rewards by limiting growth of the system
3) the miners get their act together and everyone upgrades to a new whizzy high capacity bitcoin. This should continue to work until block reward becomes negligible in 2035. |
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