He's risking bitcoin's stability & credibility without quantifying what type of real world gains a 2MB block size could yield.

That's like buying a refrigerator without measuring to see if it fits in your kitchen 1st.

This guy is supposed to be smart?  

no....that's like saying "don't give this guy who's choking on a piece of bread the heimlich maneuver...we really don't know what kind of 'real world gain's it might have to make sure he's able to keep breathing.

much like in 1996
"everyone dont let skype, activision, twitch, make their online platforms because dialup and 4gb hard drive limits of 1996"
much like in 2006
"everyone dont let skype, activision, twitch, make their online platforms because 1996 said it would be bad"
much like in 2016
"everyone dont let skype, activision, twitch, make their online platforms because 1996 and 2006 said it would be bad"

One thing that stands out in OP's youtube video, is Roger Ver saying he wants bitcoin to compete with credit cards in terms of transaction speed and fees so that "everyone can use it".

That's kind of like saying he wants to make encrypted WIFI fast enough to play video games as well as an FIOS hardline.

He doesn't seem to have a plan or idea on how to achieve this.

He doesn't seem to understand encryption based technologies like bitcoin will never be as fast as credit cards, for the same reasons that encrypted WIFI will always be much slower than using an unencrypted hardline for gaming.

He seems to think that if he continues to increase block size, he'll eventually reach a point where bitcoin can execute thousands of transactions per second, like credit cards do.

It seems like a bad plan created by a person who lacks the technical background to be involved with making key bitcoin design decisions.

Great job putting words in my mouth.
Layer two technologies will allow Bitcoin to compete with Credit Cards.
My main point is that we shouldn't damage layer one's usability today in order to force people onto layer two.  They'll just be forced into altcoins anyhow. (As we are seeing)

BU's roadmap preserves layer one.  Core's roadmap intentionally damages layer one.
It is clear to me which path is the safer one.

Ver is Dash guy and Bitcoin Juda

It seems as if block size is irrelevent.

No matter how large blocks are, they will always succumb to DDOS style, deliberately spammed transactions.

Its in miners own self interest to spam the network to raise transaction fees higher & boost profits.

It is possible we could have 1GB blocks and they'd still spam to raise transaction fees.

Increasing block size won't change anything, because block size was never the problem to begin with?

Well, it will change the total amount of transactions possible, spamming isn't outcompeting genuine economic interests of those who can afford higher fees than spammers. Or at least not yet.

But lets not forget that another curcial difference that increasing the blocksize will make is it will increase the IBD (initial blockchain download) and the data costs of running a full node. Neither are good.

I'd like to get to a point in the future, maybe 2020 ish or later, where people can legitimately say "I only need a 700GB file? But that downloads in 5 minutes! And just 1 hour to check all the transactions!? My phone can do that!!!". In those circumstances (which would need massive increases in computer processors and internet infrastructure), going to, say, 8MB blocks wouldn't be a risk. But it takes the average computer DAYS to do that now, it's a non-starter until days turns into hours.


And above all, I'm more concerned about those who want Bitcoin to fail, not miners gaming inflated fee profits. But both are legitimate concerns to be fair.

Trust logic, Andreas makes good logical arguments, but that's not definitive, he might get something horribly wrong in the future. It would be really dangerous if everyone blindly followed Andreas if or when he does suggest something that doesn't really make sense.

Trusting people based on past performance can be dangerous. Everyone becoming as educated as possible about the issues relevant to Bitcoin is the real answer.

the guy of this show is just a pity. i can nearly watch this show. although i want to hear what Ver has to say.