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The blocksize debate asks the wrong question: not whether the blocksize should be increased, but more like what are the steps to do to make sure that the blocks
by xiphias 11y ago
The blocksize debate asks the wrong question: not whether the blocksize should be increased, but more like what are the steps to do to make sure that the blocksize increase is as safe as possible: decreasing the header sizes, improving DOS attacks, synchronization between nodes are more important then the 15-liner that just increases the maximum block size.
- PierreRochard 11y agoThose are the technical questions. The big picture economic question is, how does bitcoin mining transition from block reward revenue to transaction fee revenue ( see http://nakamotoinstitute.org/bitcoin/#selection-185.5-185.396 http://nakamotoinstitute.org/bitcoin/#selection-185.5-185.39... ). Discussion with Gavin on this subject here: http://bitstein.org/blog/pierre-rochard-and-gavin-andresen-discuss-the-block-size-limit/ http://bitstein.org/blog/pierre-rochard-and-gavin-andresen-d...
- nosuchthing 11y agoThe greater issue of BTC is the odds between hording speculators who "believe" the "rarity" of Bitcoin will increase the market price. Currency should be predictably stable as a medium to facilitate exchange of other goods and services. Currency should also be encouraged to recirculate back into the economy, rather than sit around doing nothing. There's also a huge issue of people dedicating effort to form price manipulator syndicates and HFT bots within the cryptocoin communities [1] [1] https://news.ycombinator.com/item?id=7126153 https://news.ycombinator.com/item?id=7126153