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No, it's a credit to Bitcoin Core that they understand the tradeoffs involved in increasing transaction rate via blocksize increase. Continuously growing resou
by SkyMarshal 7y ago
No, it's a credit to Bitcoin Core that they understand the tradeoffs involved in increasing transaction rate via blocksize increase. Continuously growing resource usage is a centralizing force and thus an existential risk to Bitcoin. Core is rightly unwilling to trade a little short-term pain relief for increased long term risk of catastrophic failure. The difficulty is that just how much of a centralizing force is difficult to measure, so there's a lot of uncertainty around it, opening the door for the more reckless to complain about transaction prices.