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by Erlich_Bachman 3103 days ago
Increasing the blocksize will never realistically bring a Bitcoin-like network to the truly global scale of say Visa or MasterCard. Many people think that other technical solutions are needed, and that only they can work. These people are broadcasting their choice through the markets and the price of each coin.

Bcash has increased the blocksize (and forked), which is a perfectly valid solution for such a task, in terms of how a cryptocurrency should be governed: no wars, no lawsuits, if some users don't think a certain decision is valid, they are free to fork off their own chain. No one stopped them, no one tried to shut them down. But the market will ultimately show what is a good solution and what is a bad solution. And you can already see what the market decided in terms of the decision of increasing the block size - by comparing Bitcoin market cap to Bcash market cap.

1 comments

I wanted to make a small Bcoin transaction a couple weeks ago to test a wallet and the fee was over $20. That doesn't seem like a good fee compared to Visa. Is this something that could be fixed now with a block size increase?