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by mrb
3185 days ago
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A block size increase is in fact very urgently needed. 99% of blocks are maxed out at ~4M weight DESPITE segwit, because segwit's adoption is too low (7%). Adoption isn't happening faster not because it's unneeded, but because of inertia among wallet developers. Consequently, full blocks and high fees have caused Bitcoin to lose many users to alts (LTC, ETH, ETC, DASH...) All this user loss and tx market loss has been happening over the last year, so we urgently need a block size increase, since we can't magically accelerate segwit's adoption rate. I think you fail to envision how the dynamics will play out if Segwit2x wins. Core will simply merge the ~1k lines of code that make up the segwit2x features, and mostly everyone will be back to business running Bitcoin Core instead of BTC1, since the two code bases would be equivalent. That's it. No big war. No mass resignation of Core devs. No ceding the control of Bitcoin to "another group". Most Segwit2x supporters want a smooth "reintegration" scenario like that to take place. We don't want to "fire Core" or such nonsense you might read on r/Bitcoin. Things would be a lot simpler if Core simply agreed to double the block size. That's all we want. A one-time block size increase, to give the blockchain some breathing room while we all continue to work on off-chain scaling (NimbleWimble, LN...) that we all already agree are the proper long-term solutions. |
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Hasn't been true since July: https://blockchain.info/charts/avg-block-size
> full blocks and high fees have caused Bitcoin to lose many users to alts (LTC, ETH, ETC, DASH...)
What's the evidence for this? All my friends own btc and alts... but none of them transact in it. They own them only for investment purposes. I don't think anybody is using alts for their higher throughput.