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authorWill Madden <will.madden@bridge21inc.com>2015-08-21 07:34:45 -0600
committerbitcoindev <bitcoindev@gnusha.org>2015-08-21 13:34:47 +0000
commit0770de678f097aafab2b170c4fdfc828632aa869 (patch)
tree9078d74f69fda8ca49e74c64d7bc88d63c19c90b
parent59d3168d860de752724754667fc433c41e57c438 (diff)
downloadpi-bitcoindev-0770de678f097aafab2b170c4fdfc828632aa869.tar.gz
pi-bitcoindev-0770de678f097aafab2b170c4fdfc828632aa869.zip
Re: [bitcoin-dev] Core Devs : can you share your thoughts about all BIPs on this website ?
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+From: Will Madden <will.madden@bridge21inc.com>
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+Date: Fri, 21 Aug 2015 07:34:45 -0600
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+References: <CA+1nnrk1EWd7rhwj91p1rqgGVFgOT4UYq=+Nmq41sHJYmy7YYA@mail.gmail.com>
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+To: Oliver Egginger <bitcoin@olivere.de>
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+Cc: bitcoin-dev@lists.linuxfoundation.org
+Subject: Re: [bitcoin-dev] Core Devs : can you share your thoughts about all
+ BIPs on this website ?
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+Keeping the block size at 1mb restricts the number of active users of =
+bitcoin to around 100,000 people transacting twice a day on blockchain. =20=
+
+
+BItcoin is a protocol. Protocols are successful because of their =
+network effect. Capping the block size freezes bitcoin=E2=80=99s =
+network effect, limits users and prevents new users from joining (which =
+will cut demand to exchange bitcoin) and also freeze the economic =
+incentive to mine, because it will hurt the price. =20
+
+Keeping the 1MB cap in place is horrible for the health of bitcoin. =
+It=E2=80=99s good for competing protocols that want a chance to =E2=80=9Cc=
+atch up=E2=80=9D.=20
+
+Freezing bitcoin=E2=80=99s growth for any meaningful length of time will =
+threaten its position as the leading cryptocurrency. Reasonable, =
+controlled growth is a good thing. BIP101 should be rolled into core as =
+soon as feasible.
+
+> On Aug 21, 2015, at 7:18 AM, Oliver Egginger via bitcoin-dev =
+<bitcoin-dev@lists.linuxfoundation.org> wrote:
+>=20
+> Yifu Guo via bitcoin-dev:
+>> One thing is for sure though, not increasing the blocksize is not an =
+option.
+>=20
+> Why not? The blocksize increase eliminates the pressure to seek =
+durable
+> solutions. But it will turn out differently. Other than we all think.
+>=20
+> I really can not imagine that a 20-year plan will be successful. At =
+one
+> point we like to clear away the auto-increase. I think that is the =
+only
+> thing for sure at the moment.
+>=20
+> I hope that the current protocol and blockchain will be continued.
+> Perhaps with fewer people. That would settles the matter for the time
+> being. ;)
+>=20
+> - oliver
+> _______________________________________________
+> bitcoin-dev mailing list
+> bitcoin-dev@lists.linuxfoundation.org
+> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
+
+