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    Author Topic: [XMR] Monero Speculation  (Read 3316462 times)
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    ArticMine
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    December 25, 2015, 09:14:21 PM
     #11681

    https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011973.html A very interesting analysis by Jeff Garzik describing the economic risk to Bitcoin of doing nothing on the block size issue. He defines "Fee Event" as
    Quote
    FE - "Fee Event", the condition where main chain MSG_BLOCK is 95+% to hard limit for 7 or more days in row, "blocks generally full"   This can also be induced by a miner squeeze collective soft limit reduction).
    His key observation is what he describes as an "Economic Change Event"
    Quote
    *Key observation:   A Bitcoin Fee Event (see def. at top) is an Economic Change Event.*
    An Economic Change Event is a period of market chaos, where large changes to prices and sets of economic actors occurs over a short time period.
    A Fee Event is a notable Economic Change Event, where a realistic projection forsees higher fee/KB on average, pricing some economic actors (bitcoin projects and businesses) out of the system.
    The key question here is: What is the impact of an "Economic Change Event" in Bitcoin on the Monero market given that Monero has already a viable solution to this problem and that almost all Monero trading is currently done in terms of Bitcoin?

    Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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