{"type":"rich","version":"1.0","author_name":"npub1kf0ppcjaguxekg24yx6smgxlu73qn0k8lm0t2wrqc0scpl7u3sgsmf3f58","author_url":"https://nostr.ae/npub1kf0ppcjaguxekg24yx6smgxlu73qn0k8lm0t2wrqc0scpl7u3sgsmf3f58","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-05-07\n📝 Original message:Yes - but you must recognize that is precisely 50% of the picture.\n\nOthers have made different assumptions - taking the [1MB-constrained]\nmarket *as it exists today*, rather than in some projected future.\n\nRaising the block size limit then becomes a *human decision* to favor some\nusers over others, a *human decision* to prevent an active and competitive\nfree fee market developing at 1MB, a *human decision* to keep transaction\nfees low to incentivize bitcoin adoption, a *human decision* to value\nadoption over decentralization.\n\nThese statements are not value judgements - not saying you are wrong -\nthese are observations of some rather huge, relevant blind spots in this\ndebate.\n\n\n\n\n\nOn Thu, May 7, 2015 at 11:29 AM, Mike Hearn \u003cmike at plan99.net\u003e wrote:\n\n\u003e It is a trivial *code* change.  It is not a trivial change to the\n\u003e\u003e economics of a $3.2B system.\n\u003e\u003e\n\u003e\n\u003e Hmm - again I'd argue the opposite.\n\u003e\n\u003e Up until now Bitcoin has been unconstrained by the hard block size limit.\n\u003e\n\u003e If we raise it, Bitcoin will continue to be unconstrained by it. That's\n\u003e the default \"continue as we are\" position.\n\u003e\n\u003e If it's not raised, then ....... well, then we're in new territory\n\u003e entirely. Businesses built on the assumption that Bitcoin could become\n\u003e popular will suddenly have their basic assumptions invalidated. Users will\n\u003e leave. The technical code change would be zero, but the economic change\n\u003e would be significant.\n\u003e\n\n\n\n-- \nJeff Garzik\nBitcoin core developer and open source evangelist\nBitPay, Inc.      https://bitpay.com/\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150507/a084642c/attachment.html\u003e"}