08 Apr '16, 5pm

The Bitcoin halving event may be very interesting, indeed.

The Bitcoin halving event may be very interesting, indeed.

Hitting the hard limit would hurt usability, with higher fees and worse confirmation times Segregated Witness and wallet support is too slow and would not be an effective blocksize limit increase any time soon Wallets which do send Segregated Witness transactions create usability problems of their own (because other wallets won’t see transactions coming in until confirmed) Worsened usability hurts Bitcoin’s price 14 Nm chips hurts decentralisation, as they go to big miners first Worsened decentralisation hurts Bitcoin’s price Because of lack of confidence & price drop & halving & 14 Nm chips bound to become available miners would stop mining Any drop in hashrate would exaggerate hitting the hard limit, and cause more usability problems & loss of confidence Loss of confidence would make the price drop even more All this would make people simply use Bitcoin less, which in tu...

Full article: https://medium.com/@seweso/the-four-horsemen-of-the-bitco...

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