You know I've been here for 3-4 years now, and I have seen Bitcoin rollercoaster from 700$ down to 100$ and now back up to 2000$. A very interesting rollercoaster indeed.

I was a Bitcoin purist, thinking that Bitcoin has to be what it was coded for, this meant no hardforks. Yet I have realized that this is a very closed-minded position, and very dogmatic.

It seems like everybody here is dogmatic about this, you think you are very smart and you know things better, it's just pure arrogance. And when anybody has a dissenting view, they get marginalized or maybe even banned.

I had an ignore list of 50+ people who were shouting very hardly that Bitcoin's current path is unsustainable. And instead of hearing their opinions, I just ignored them, because that is how an intelligent open minded person behaves.

From my point of view they looked like trolls, just like some pesky mosquitos trying to annoy people. This is how arrogant I was in my belief in the small blocksize.

But now seeing that the transaction fees are 30$, I have utterly changed my mind, and I really hate myself for used to believe otherwise.

It looks like guys like franky1 were right, the 1 MB blocksize is really a piece of shit limit. The fees are now higher than for international bank transfers.

Can you believe this bullshit? A bank transfer that goes through 1 million regulatory loops, and it's inefficiently processed in 4 days costs less than a decentralized P2P payment system? It's utterly disgusting. In fact if the blocksize is not raised, maybe it will take 4 days to confirm/settle BTC transactions too.

And even the idiots who said that the nodes would be burdened if the block size were increased are just pure idiots. How is that possible if the price is 2000$ and they can earn huge revenues from mining or whatever other ventures they do.

I used to ridicule 2MB blocks, but now I believe maybe a 8MB block is not even a big deal. If you can earn 100$/month net income, what the hell does it costs you to buy a 1 Terrabyte harddisk for 40$? It would just be 35 GB monthly, your 1 TB harddisk would last you 2.38 years. Out of the 2356$ you would make in that time, that would only cost you 40$.

It's ridiculous how cheap storage is, and it's even more ridiculous that the transaction fee for 1 fucking transaction is now almost higher than 2.38 years of storage cost with a 8MB block!