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homopit
replied 2149d
The ecosystem is not just miners, there are wallets, payment processors, exchanges, etc. They like to know what the limits are, so they can build their systems efficiently.
replied 2149d
yes, but we still at sub-megabyte blocks most of the time; if usage starts surging, it will be public knowledge and they will have lots of time racing & trying to stay ahead of it
homopit
replied 2149d
Businesses simple don't want to have outages of their service, because of some sudden surge for which their systems were not properly dimensioned.
replied 2149d
this seems like a such a weak argument; one-time temporary outage until the offending bit of code is improved seems like nothing; any other arguments?
homopit
replied 2149d
It sounds week, but businesses are cautious on this. Bitmain's take - https://www.reddit.com/r/btc/comments/96wduz/statement_from_calvin_ayre_coingeek_about_bitcoin/e44bt36/
replied 2148d
I thought Bitmain supported Bitcoin Unlimited which has no block limit.
replied 2149d
`.. including the money&payment use case` I would argue that dropping of the faux-cap would majorly embolden the `payment use case`
homopit
replied 2148d
replied 2148d
c'mon it is inevitable that the payment-network-of-the-world will go professional & just like in every mayor field there will be the big 3-to-5 companies competing amongst themselves
replied 2148d
there are handful of search-engines, handful of social networks, handful of insurance companies[, handful of ..]; the same will happen with crypto-coins & miners in them; get over it
replied 2148d
if want to mine in the long-term, either get professional or go home; whichever you choose, stop crying that you cannot keep up & trying to delay progress