Andre#
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August 22, 2015, 07:11:13 PM

I've said it before, but doing something that has a 0% to undermine the network (which is nothing) is better than doing something with 0.5% or even 0.1% chance to harm the network (XT) in the long term.

0% chance of undermining the network? Really?

"If the cap is not raised to some higher limit; allowing a larger number of users to maintain direct access, then individuals will be priced out of the blockchain. When that happens Bitcoin becomes yet another network with no direct (peer) access; like FedWire, SWIFT, and other private closed transfer networks.  There is no realistic scenario where a network capped permanently at 1MB can have meaningful adoption whilst still maintaining direct access to the blockchain by individuals. To be clear, by ‘direct access’ I mean both parties transacting directly on-chain without relying on an intermediary or trusted third party."

https://bitcointalk.org/index.php?topic=946236.0

I'm not against raising the block limit, but there is not one solution. For the umpteenth time, it is not black and white, not XT or nothing.

Use logic and facts to form your opinion. It's important to not let fear cloud your judgement, nor marry oneself to a particular point of view.  Should we rush to judgement based on someone's opinion or weigh all evidence and make the most informed decision possible based on the facts?

DeathAndTaxes' reasoning is very logical and based on facts. I agree we shouldn't rush, but we are expected to hit the 1 MB ceiling in less than a year, while the Core devs haven't even been able to reach consensus in the past year. Bitcoin XT puts some pepper in their arses, and that's what they very much need. Meanwhile, the miners now have a fall back option, in case it all doesn't work out.