RE: Shocking Crisis Coming to Cryptocurrency (in Sept?)

Unlimited block sizes are not incentives compatible without an oligarchy in control of the mining:

“…we are able to prove that an equilibrium exists. However, it is one where miners include only a fraction of available transactions into their blocks. This results in a backlog of transactions whose size grows indefinitely with time. We confirm this result using simulation.”

And note that Byzcoin is not a solution to the above problem.

My understanding is both Bitcoin Cash and Core forks will eventually fail and Bitcoin will remain Satoshi’s original Bitcoin protocol (aka TRB) as explained in this blog and my prior blog.

But I am delighted that a lot of people think these two flawed forks will succeed, as it allows me to sell and obtain more of Satoshi’s Bitcoin, i.e. The Real Bitcoin.

Thanks for commenting on my blog, and I wish you the best with your decisions.

Edit: afaics, Monero’s block resizing algorithm does not resolve the scaling economics issues either.

And Bitcoin’s 0-confirmations become less secure as transaction fees revenue per block becomes more significant relative to the declining protocol determined block reward.