My comments on each of the major proposed solutions to the #bitcoin block size limit issue.

My comments on each of the major proposed solutions to the bitcoin block size limit issue.

This news item is good summary of the most talked about proposals.  ( see http://bw.gl/zj

•  Solution 1 is the best solution.

•  Solution 2 simply kicks the can down the road.

•  Solution 3 involves being a fortune teller.  But nobody can predict accurately enough.

•  Solution 4 makes sense.  Especially to readjust the block-size limit on the basis of the size of recent blocks over the past month…. or over the past week.

•  Solution 5 could work, but only if the miners vote — only. Because a vote of users or shareholders would have no authoritative power anyway. Miners have ultimate veto power. May as well let them vote and be done with it. Imagine users ( who are uneducated ) vote one way, and miners disagree. Miners simply will not use that software. Big mess.

•  Solution 6 sounds insane, ridiculous, scary, dangerous, and unnecessary.

What do you think?

Let me know at http://bw.gl

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