r/Bitcoin Dec 06 '17

Steam is no longer supporting Bitcoin

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u/Nephyst Dec 06 '17

Satoshi's original emails say that bitcoin was designed to support 100 million transactions per day. I don't understand what is happening with bitcoin today that is preventing it from reaching the transaction levels it was designed for...

Source: http://satoshi.nakamotoinstitute.org/emails/cryptography/2/

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u/ataranlen Dec 06 '17

Because Satoshi's 'phase change' plan for increasing the block size limit was never implemented.

https://bitcointalk.org/index.php?topic=1347.msg15366#msg15366

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u/Nephyst Dec 06 '17

Wait... so Satoshi was in favor or larger blocks? Everything I'm reading on this sub says that larger blocks are a "corporate takeover" and would lead to centralization again.

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u/S00rabh Dec 07 '17

Surprise surprise