rich1.0npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2https://nostr.ae/npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2njumphttps://nostr.ae📅 Original date posted:2015-06-23 📝 Original message:On Tue, Jun 23, 2015 at 10:26:38PM +0200, Pieter Wuille wrote: > On Tue, Jun 23, 2015 at 10:12 PM, Gavin Andresen <gavinandresen at gmail.com> > wrote: > > > On Tue, Jun 23, 2015 at 3:28 PM, Peter Todd <pete at petertodd.org> wrote: > > > >> Wladimir noted that 'The original presented intention of block size > >> increase was a one-time "scaling" to grant time for more decentralizing > >> solutions to develop' > >> > >> Comments? > >> > > > > Consensus is that this process is too painful to go through once a year. > > I agree. > > > > If you believe we will need to go through this process once a year, we are > not talking about a one-time scaling to grant time for more decentralizing > solutions. It means you think we should keep scaling. I don't disagree > there - as long as we're talking about scaling as availability of > bandwidth, storage and processing power increase, there is no reason > Bitcoin's blockchain can't grow proportionally. > > However, an initial bump 8 MB and the growth rate afterwards seem more like > a no-effectively-limit-ever to me. In particular, note how this bump is being proposed at a time when blockchain space demand is so low that transactions usually cost well under a penny each, a insignificant amount of money for almost all use-cases. > I fear that the wish of not wanting to deal with - admittedly - a very hard > problem, resulted here in throwing away several protections we currently > have. And yes, I know you believe 8 MB won't be created immediately. I > truly, honestly, do not think so either. But I prefer a system where I > don't need to rely on anyone's guesses for the future. In that regard Jeff Garzik's proposal of a blocksize increase with a miner vote feedback mechanism is a huge improvement over Gavin's proposal. -- 'peter'[:-1]@petertodd.org 000000000000000008c0be16e152f86ab3a271a13c3f41c56228d72990abf7bd -------------- next part -------------- A non-text attachment was scrubbed... Name: signature.asc Type: application/pgp-signature Size: 650 bytes Desc: Digital signature URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150623/804e5dbb/attachment.sig>