Bitcoin Cash: Why It's Forking the Blockchain and What That Means
8MB block means the block chain grows by 1,207,959,552 (~1GB) per day, or ~365GB per year. This means that now not everyone has the internet connection or the disk space to keep a copy of the block chain, and more control is in the hands of the miners.<p>I understand the reason for a larger block - it seems like it&#x27;s pure profit for the miners (should we just refer to it as greed?), but I do not understand the objection to SegWit which is essential for lightning to work.<p>I am fairly convinced at this point that off-chain transactions as described in the lightning docs [1] is the future. The block chain cannot possibly support all the transactions, there could be millions per second if micropayments do take off, and that will most likely happen via the channels as described in the lightning docs.<p>[1] <a href="https:&#x2F;&#x2F;github.com&#x2F;lightningnetwork&#x2F;lightning-rfc&#x2F;blob&#x2F;master&#x2F;00-introduction.md" rel="nofollow">https:&#x2F;&#x2F;github.com&#x2F;lightningnetwork&#x2F;lightning-rfc&#x2F;blob&#x2F;maste...</a><p>Edit: If you&#x27;re not familiar with lightning, you should read up on it. The gist of it (my understanding, I am not exactly a bitcoin expert) is that if I trust someone, there is no need to announce to the whole world that I just gave my kids ice cream money, it&#x27;s between me and them. And it&#x27;s instant. The blockchain is used only as last resort, when one of the parties does not cooperate as as agreed.