5 ms·

Yes, I think most early Bitcoin supporters would agree that things were much better when transaction fees were low and confirmation times were fast. Bitcoin is

Yes, I think most early Bitcoin supporters would agree that things were much better when transaction fees were low and confirmation times were fast. Bitcoin is worthless if the underlying utility is broken. It's unfortunate that the community wasn't organized enough to come a consensus on "scaling" ... It was only a few months ago that it appeared as though the possibilities were endless. We had excellent "long-term" solutions in development (Segwit and Lightning) AND a good "short-term" fix ready to go (Blocksize increase). As an early adopter I feel betrayed, that we were forced to choose a side, that politics trumped usability. It's toxic. Self-limiting, and difficult to "buy" into at this point.

RestlessMind 9y ago
> It's unfortunate that the community wasn't organized enough to come a consensus on "scaling" ... I thought the principle appeal of bitcoin was its decentralized nature. Why do you want to forge a consensus and remove the best feature bitcoin can claim? > ...that politics trumped usability You mean, bitcoin operates in The Real World (tm) operated by humans?
andirk 9y ago
The block increase was looked down upon by many, probably the more technical minded, because we were taught that simple constants in equations (block size of 1,2,8...) are not as important as the exponents. However, a 2MB increase on something that was probably arbitrarily 1MB seemed like a fine middle ground until Lightning Network. Then again, hard forks are no fun.