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by murtyjones
Fri Jun 24, 2016 4:01 am
Forum: Bitcoin Discussion
Topic: Changing the economic incentives of Bitcoin can be just as dangerous as changing the underlying code of Bitcoin.
Replies: 14
Views: 5521

Re: Changing the economic incentives of Bitcoin can be just as dangerous as changing the underlying code of Bitcoin.

I have a few more thoughts to add.
SegWit is far more complicated, and therefore far more dangerous than a simple increase of the block size.
This is a reductionist view of what the change to the block size will require in terms of upgrades/adoption, and attacks that it will open up. E.g. with ...
by murtyjones
Fri Jun 24, 2016 2:20 am
Forum: Bitcoin Discussion
Topic: Changing the economic incentives of Bitcoin can be just as dangerous as changing the underlying code of Bitcoin.
Replies: 14
Views: 5521

Re: Changing the economic incentives of Bitcoin can be just as dangerous as changing the underlying code of Bitcoin.

It may help for a short period of time. The problem is that it's not really a scaling solution. It just happens to help with capacity.
It solves today's capacity issues. Why does it matter whether it does so incidentally? If it works, it works.

We get a small bump and that's it, nothing else ...
by murtyjones
Thu Jun 23, 2016 9:15 pm
Forum: Bitcoin Discussion
Topic: Changing the economic incentives of Bitcoin can be just as dangerous as changing the underlying code of Bitcoin.
Replies: 14
Views: 5521

Re: Changing the economic incentives of Bitcoin can be just as dangerous as changing the underlying code of Bitcoin.

It may help for a short period of time. The problem is that it's not really a scaling solution. It just happens to help with capacity.
It solves today's capacity issues. Why does it matter whether it does so incidentally? If it works, it works.

We get a small bump and that's it, nothing else ...
by murtyjones
Thu Jun 23, 2016 8:56 pm
Forum: Bitcoin Discussion
Topic: Changing the economic incentives of Bitcoin can be just as dangerous as changing the underlying code of Bitcoin.
Replies: 14
Views: 5521

Re: Changing the economic incentives of Bitcoin can be just as dangerous as changing the underlying code of Bitcoin.

Will SegWit and its inherent capacity increase not immediately reduce the the fees/full blocks issue? As you say, Roger, this issue has only been around for a few months. A 75% capacity increase will go a long way towards relieving today's issues.

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