3 ms·
Satoshi posted about a method for upgrading block sizes back in 2010: https://bitcointalk.org/index.php?topic=1347.msg15366#msg15366 https://bitcointalk.org/ind
by nosuchthing 9y ago
Satoshi posted about a method for upgrading block sizes back in 2010:
https://bitcointalk.org/index.php?topic=1347.msg15366#msg15366 https://bitcointalk.org/index.php?topic=1347.msg15366#msg153...
if (blocknumber > 115000)
maxblocksize = largerlimit
In the original white paper, the goal is to have a consensus protocol for tamper resistant record keeping and accounting. Satoshi's proof of work using SHA-256 has now proven to be vulnerable to ASIC attacks and heavy centralized miner operations and mining pools.
The arguments of semantics really miss the point of the intension to offer egalitarian access to currency production and account. Keeping the transaction rate low on purpose is counter productive by all measure, but several of the core devs work for blockstream which would stand to profit by selling their own sidechains to enterprises, counter to the first sentence of how Bitcoin is defined in the white paper.
A purely peer-to-peer version of electronic cash would
allow online payments to be sent directly from one party to
another without going through a financial institution.