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RE: INS Up 47% 📈 On Binance Listing / Bitcoin Cash Network Attack 💥
What is the goal of spamming the network? Cause some sort of panic sell?
What is the goal of spamming the network? Cause some sort of panic sell?
Having long confirmation times will cause frustration with the user base. It is no longer a cheap instant payment method. I think Chris mentioned a 90 min backlog - that is a long time to wait if you want to pay someone or transfer money. If you can get enough people to get frustrated and leave BCH and move to another coin, BTC, LTC, ETH, etc. then BCH will drop.
That's the plan. To show that Satoshis design "doesn't work", when in fact it does even with the "spam" so far. But hey, if it ends up becoming a big problem, Bitcoin Cash users are not actually against implementing solutions. We simply don't accept breaking the fundamental design that Satoshi started.
The 1MB blocksize limit for example, horrible as the damage became in the end, was not as horrible in pure technical terms. It could, as Satoshi explained, still be increased way ahead of time so that it never became a big issue. What really harmed the network was deciding to not do this when time came.
In fact, it would probably have been best to automate it somehow whenever possible, but at the time it was simply a bug that needed to be patched and that decision was not made. Instead Satoshi plugged the hole and didn't even tell anyone about it until he was asked.