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> Because that is what decisions on blocksize are. I disagree, blocksize is only related to decentralization/throughput trade-offs, not economic policy. The on
by knocte 9y ago
> Because that is what decisions on blocksize are.
I disagree, blocksize is only related to decentralization/throughput trade-offs, not economic policy. The only economic policy that bitcoin has is the inflation rate, which is set in stone and very unlikely to ever change.
- rebuilder 9y agoI can't really agree here. Blocksize sets a max cap on transaction rate, which is effectively a decision that the network should prefer high-value, low-frequency transactions, even though from a miner profitability (and therefore hashrate-security) standpoint, the opposite might be better. Might also be that a settlement network is the best use case for Bitcoin, but we don't know what the market would prefer because the scales are tipped in favour of high-value tx by people who believe they know best.