{"type":"rich","version":"1.0","author_name":"npub1tjephawh7fdf6358jufuh5eyxwauzrjqa7qn50pglee4tayc2ntqcjtl6r","author_url":"https://nostr.ae/npub1tjephawh7fdf6358jufuh5eyxwauzrjqa7qn50pglee4tayc2ntqcjtl6r","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-06-26\n📝 Original message:\u003e If you wait until the need to increase block size\n\nIt is this sentence I disagree with. Why would there be a need? Bitcoin\nprovides utility at any block size, and potentially more with larger blocks.\n\nBut no matter what, I believe the economy will adapt to what is available.\nAnd setting a precedent that increasing the size \"because of a need\" is\nreasonable is to me essentially the same as saying the size should forever\nscale to whatever people want.\n\nI believe the most important effect of a limit block size - people deciding\nnot to use (on chain) Bitcoin transactions, is already happening, and it\nwill keep happening at any scale.\n\nEither the resulting market is one which can live with high variability in\nconfirmation times, and blocks will end up being nearly full. Or maybe the\ncurrent fill level is what is acceptable, and we don't see much growth\nbeyond this, only a change in what it is used for.\n\n-- \nPieter\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150626/d4380514/attachment.html\u003e"}