{"type":"rich","version":"1.0","author_name":"npub1mju50kqcm07heu967fkq6h4kq666xgekc4yrldf7q52xx9vr8jnsrdxnq7","author_url":"https://nostr.ae/npub1mju50kqcm07heu967fkq6h4kq666xgekc4yrldf7q52xx9vr8jnsrdxnq7","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2017-03-30\n📝 Original message:On Thursday, 30 March 2017 07:23:31 CEST Ryan J Martin via bitcoin-dev \nwrote:\n\u003e      The original post and the assorted limit proposals---lead me to\n\u003e something I think is worth reiterating: assuming Bitcoin adoption\n\u003e continues to grow at similar or accelerating rates, then eventually the\n\u003e mempool is going to be filled with thousands of txs at all times whether\n\u003e block limits are 1MB or 16MB\n\nThis is hopefully true. :)\n\nThere is an unbounded amount of demand for block space, and as such it \ndoesn’t benefit anyone if the amount of free transactions get out of hand. \nBecause freeloaders would definitely be able to completely suffocate Bitcoin.\n\nIn the mail posted by OP he makes clear that this is a proposal for a hard \nfork to change the block size *limit*. The actual block size would not be \nchanged at the same time, it will continue being set based on market values \nor whatever we decide between now and then.\n\nThe block size itself should be set based on the amount of fees being paid \nto miners to make a block.\n\nWhat we want is a true fee-market where the miner can decide to make a block \nsmaller to get people to pay more fees, because if we were to go to 16MB \nblocks in one go, the cost of the miner would go up, but his reward based on \nfees will go down!\nA block so big that 100% of the transactions will always be mined in the \nnext block will just cause a large section of people to no longer feel the \nneed to pay fees.\n\nAs such I don’t fear the situation where the block size limit goes up a lot \nin one go, because it is not in anyone’s interest to make the actual block \nsize follow.\n-- \nTom Zander\nBlog: https://zander.github.io\nVlog: https://vimeo.com/channels/tomscryptochannel"}