JayJuanGee
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How much alt coin diversification is needed? 0%?


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April 12, 2016, 08:47:47 PM

1. Price rises

2. Tx volume fills blocks

3. Price stops rising, gains bleed away

4. Tx Volume drops, Blocks not so full

5. Go to 1.... until Gregory Maxwell has a fee-siphoning solution released thinks it's safe to burden Rasb Pi full economic nodes on Luke-Jr's ISP with more than 1MB per 10 min.



Your presumption between 1 and 2 is not necessarily true.  This is the type of presumption that people attempt to suggest as a given, and therefore, your whole argument becomes invalid.

Surely, there is a bit of comedic effect that as the price goes up, there seem to be an increased attempt at spam attacks (and creating the impression that blocks are getting full), yet the price continues to go up or fails to go down... hahahahahaha..   

These kinds of block full arguments have been being attempted for at least a few months and are becoming less and less convincing....

Recall when BJA was making the block full argument at $370 and saying that the blocks were getting more full as the price went up.. then he sold a bunch of his coins at $370.. thereafter, the price continued to go up, and have not returned to $370 for several months.  During this time, also, spam attacks have been up and down, and we see when the spam attacks are not very prevalent, then block sizes are generally floating between 55% and 75% - which is in no way any kind of urgent scenario... that causes some need for a hard increase in the block size limit.

The upwards price pressures are looking pretty nice in recent days.... let's see if we are going to break into the $430s, this time?  I'm prepared either way... but at the moment feeling slightly more inclined to predict up rather than down... maybe 54/46..