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by PragmaticPulp 1945 days ago
> BTC needs a hard fork in order to increase this dramatically

Which was proposed, and shot down by core Bitcoiners.

They aggressively do not want to increase the transaction limit.

Miners want transactions to be expensive, because that's where they'll get their money when the mining reward falls again.

It's mind boggling that people will complain about banks conspiring to charge them hypothetical fees, then rush to use a cryptocurrency that has double-digit transaction fees when nobody is really using it for anything other than speculation. The reality is that Bitcoiners don't actually want people using Bitcoin as a currency, they just want you to buy and hold. No selling, no spending, just buying. That's the only thing that drives the price up, and that's the only thing they want you to do.

2 comments

You don't have to use BTC directly to settle transactions.

For example, Lightning is built ontop of BTC:

https://lightning.network/

They don't want an increase in block size because it makes the network less decentralized. Not "get their money from mining rewards"