tag:blogger.com,1999:blog-20739963.post5638663999954479921..comments2016-02-10T09:30:37.132-08:00Comments on Christopher Gilliard's Weblog: Why we should keep the Bitcoin block size at 1mb foreverChristopher Gilliardhttp://www.blogger.com/profile/17965471736455403935noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-20739963.post-25506645781943244392016-02-10T09:30:37.132-08:002016-02-10T09:30:37.132-08:00This entire post was a crazy-person ramble vaporwa...This entire post was a crazy-person ramble vaporware plug for the LN. The routing for LN has not been developed and whether it can be in a decentralized way is complete speculation. Everything you've suggested here takes the long-way around instead of just implementing IBLTs and increasing on-chain txns. What you've described above would demolish Bitcoin's market share. Bitcoin will be replaced by a different coin if on-chain txns are not increased.Anonymoushttps://www.blogger.com/profile/00237874335244747164noreply@blogger.comtag:blogger.com,1999:blog-20739963.post-47992051355210912262016-02-10T08:29:31.066-08:002016-02-10T08:29:31.066-08:00On chain transactions are just a mean to an end. I...On chain transactions are just a mean to an end. It's the end we should focus on. I am not the one who decides. I'm just asking people to do the thought experiment.Christopher Gilliardhttps://www.blogger.com/profile/17965471736455403935noreply@blogger.comtag:blogger.com,1999:blog-20739963.post-53295880572519709202016-02-10T04:02:20.982-08:002016-02-10T04:02:20.982-08:00what about on chain transactions? if i want to mov...what about on chain transactions? if i want to move cheaply my bitcoins on chain i shouldn't because you do like sidechains? <br /><br />WTF????<br /><br />and what about miners?<br /><br />in the long run they will relay on fees, so 1Mb = few fees = little security to the overall networkAnonymoushttps://www.blogger.com/profile/15918308540600789763noreply@blogger.com