BLOCK BUSTER? Could Bitcoin SV’s new 2GB block size ...
Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
17 May 2013: Seven years ago today Peter Todd released the first professional video arguing for not raising the Bitcoin block size. The video was paid for by a newcomer who said he was a US intelligence agent in a “relatively high position.” Nothing to see here. Move along.
"Seven years ago [...] the first professional video arguing for not raising the Bitcoin block size. The video was paid for by a newcomer who said he was a US intelligence agent in a 'relatively high position.'"
Bitcoin Block Size Is Adequate Now and Can Be Increased Later By Consensus When Needed
The people that were campaigning for larger blocks have mostly left for BCH. Currently there is no consensus from the remaining Bitcoin supporters and developers for a larger block size, and median transaction fees are back to affordable levels. I believe that it is much better to optimize current block space further with tech like Schnorr signatures, increase SegWit 4MB Block Weight adoptions, and move low value transfers onto layer 2, as soon as Lightning becomes totally secure, and easy to use as ABC. https://bitinfocharts.com/comparison/bitcoin-median_transaction_fee.html#2y
Reminder: Increasing the Bitcoin block size was one of Satoshi's last wishes
10,646 users here now, time for another public reminder: Increasing the Bitcoin block size was one of Satoshi's last wishes Back in October 2010, Satoshi suggested that he would increase the blocksize after block 115000, but then Satoshi disappeared 2 months later, some say he was taken out by the TPTB.
https://archive.fo/L5yvP#msg15366 satoshi Re: [PATCH] increase block size limit October 04, 2010, 07:48:40 PM It can be phased in, like: if (blocknumber > 115000) maxblocksize = largerlimit It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete. When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.
That was 6 years and 7 months ago. So we're almost 7 years late for a block size increase on BTC. Long live Satoshi, you almost took out the bankers in one go. Now the bankers have a stranglehold on BTC, keeping the blocks at 1MB forever. #SatoshiWasABigBlocker
Watch Reuben, Zcoin's COO discuss tradeoffs in cryptocurrency design (from Bitcoin's block size to privacy choices), Zcoin's Lelantus, Twitter Etiquette, the inevitable dominance of Privacy coins in everyday use on Crypto GrownUps.
Buy Bitcoin Trade. Sponsored Content. Currency Statistics. Block Details. Blockchain Size (MB) Average Block Size (MB) Average Transactions Per Block. Total Number of Transactions. Median Confirmation Time. Average Confirmation Time. Mining Information. Network Activity. Wallet Activity. Market Signals. The block size is simply the maximum limit a block can be filled up with transactions. For example, the Bitcoin block size currently stands at 1 MB. Miners can choose how much of a block to fill with transactions. However, if a block that exceeds the block size limit is submitted, it will be rejected by the network. Not wanting a limit of 1 MB, the Bitcoin Cash community changed the rules so that the project could have 8 MB, and later 32 MB, blocks. While this certainly means there is more room in each block for added transaction data, some point out that it is infeasible to continue growing block sizes indefinitely. Bitcoin Cash and Bitcoin SV rarely approach full block capacity, and on a typical day, their average block sizes are much lower than those found on Bitcoin. Additionally, both blockchains have much lower transaction volumes than Bitcoin, as shown below. Bitcoin Average block size Chart. Transactions Block Size Sent from addresses Difficulty Hashrate Price in USD Mining Profitability Sent in USD Avg. Transaction Fee Median Transaction Fee Block Time Market Capitalization Avg. Transaction Value Median Transaction Value Tweets GTrends Active Addresses Top100ToTotal Fee in Reward
and Freeloaders. If your transaction have been taking too long pay a 5 cent transaction fee. I do several transactions a day & I pay fees based on importance...as the system was designed. Leave ... In this talk in Berlin, Andreas looks at the inner structure of bitcoin and how high-level financial and trust applications are composed from smaller element... a wild suggestion to reduce block sizes, mt gox news, and more! Sign up with coinbase. buy or sell 100 dollars in crypto currency and get 10 dollars of bitcoin for free with this link to coinbase. This video goes over the Bitcoin block size issue and the current Exodus Issue and how to export your private keys into the Bitcoin Core wallet. Make Bitcoins And Get Paid Each Day Save 3% on ... Along with this long running block size debate, Bitcoin will soon reach another critical milestone - the next reduction in mining reward (bitcoin halving). Here we have what might cause additional ...