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Ask HN: What is your opinion on the Bitcoin debate?
There is currently a large debate going on in the bitcoin world. The main development team of bitcoin wants to keep the current block size limit and wants to enable off-chain scaling (via "segwit"). Other developers are pushing for bigger blocks ("bitcoin unlimited", BU) to allow on-chain scaling.
I'm currently favoring BU, but I would be okay with segwit if that would not mean that there will be no further block size increase. Would like to hear your thoughts on the topic.
- shea256 9y agoSegWit does in fact represent a block size increase. Here are some of my thoughts on the matter: https://news.ycombinator.com/item?id=14075274 https://news.ycombinator.com/item?id=14075274
- thomasDE 9y agoWell, okay, it "represents" a block size increase, so that you can put ~70% more transactions into a block. In reality, it is not a block size increase as the block size will stay at 1MB. But I don't think that this is enough long term. I would much prefer an increase to 4MB or even 8MB.
- joth 9y agoLong term 4MB or 8MB (or even 32GB) won't be enough. SegWit enables more sophisticated scaling solutions necessary if Bitcoin wants to become anything more than money for a selected few enthusiast.