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[–] KoKansei 0 points 8 points (+8|-0) ago  (edited ago)

An absolute disgrace. It is clear to anyone who is familiar with the block size debate that there is something very sleazy about the way the head mod, theymos, has gone about this campaign of censorship. It would not surprise me in the least to learn that he has been corrupted by some personal interest to stifle discussion of larger block sizes.

Regardless of the mods' motives, there is no reasonable justification for censoring discussion of BitcoinXT in /r/bitcoin.

This is now a full-blown scandal. Ultimately I think that either theymos will be forced to resign or /r/bitcoin will lose its status as a primary venue for bitcoin discussion. Regardless, the big blocks fork will succeed, given its overwhelming support among the community, developers and miners.

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[–] shizleforizle 0 points 2 points (+2|-0) ago 

Can you please explain to me the benefits of the bitcoin system using larger block sizes?

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[–] rob_white 0 points 2 points (+2|-0) ago  (edited ago)

Current bitcoin is flawed big time as it doesn't scale well. This is nothing new to people that know the technical limits but like XT, it has been suppressed by some or waved away when in reality it's a serious issue for bitcoin.

Already there can only be one global bitcoin transaction every few seconds, it's bad. Imagine Mastercard only being able to process one transaction globally every 8 seconds and you see the issue, as the block chain fills this time gets much longer, at 100% full this can be many hours for a confirmation! We are heading for 100% full at least by 2017 if not sooner.

A solution some had was what they called "Lightning network", this was nothing more than a power / profit grab to centralize bitcoin so it was more like banking and to insert a middle man, no thanks.

Larger block sizes simply will take away those limits and speed up transactions.