If Hillary Clinton wins the election, it means more and more central bank money printing via the U.S. Federal Reserve.
This means a higher Bitcoin price...
Which means many more people using Bitcoin...
Which means full blocks all the time...
Which means a lower Bitcoin price...
The NERDS are completely wrong about upholding the 1MB block size limit.
Full blocks are acting as a type of price suppression. A Bitcoin would cost over $6,000 today if they would just let the blocks scale to 2MB.
Do the NERDS understand what happens when you get a sudden 10x increase in users? You get a sudden 10x increase in transaction volume. What is so hard to understand?
Bitcoin has been unprepared for a 10x increase in users for the last 2 years. Either the NERDS are stupid or they're being paid by governments to artificially suppress the price. Both scenarios are bad for all crypto-currencies. Roger Ver (Bitcoin Jesus) gets this HUGE problem. This is the largest problem facing Bitcoin today...really, it is. That's why he is trying to force a 2MB increase. Hard-forks are part of the upgrade process. Get used to it. Bitcoin has survived a hard-fork before. It will survive another one. There will be dozens hard-forks over the next few decades as Bitcoin incorporates Ethereum and STEEM like code as well as upcoming 10x jumps in usage/transaction volume.
For STEEM to succeed, Bitcoin must succeed. End the debate. Move on. If I sound angry... I am.
You may also like:
To Hard-Fork or Not to Hard-Fork? That is the Question
https://steemit.com/beyondbitcoin/@michaelmatthews/to-hard-fork-or-not-to-hard-fork-that-is-the-question
Building the Machine Payable Web
https://steemit.com/bitcoin/@michaelmatthews/building-the-machine-payable-web
How I got into Bitcoin
https://steemit.com/bitcoin/@michaelmatthews/how-i-got-into-bitcoin
Sincerely,
Michael Matthews
Follow me on Twitter
Segwit is pretty much ready, so that takes it to 1.7 to 3mb, depending the use case.
This is very interesting, I had no idea that block size played a role in price.