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authorMike Hearn <mike@plan99.net>2015-05-07 17:12:38 +0200
committerbitcoindev <bitcoindev@gnusha.org>2015-05-07 15:12:50 +0000
commit1b9a8fa29be938da7a84a028d0d1db02ecc22b75 (patch)
tree7b05ced673ea970ae76cbbd6ce665b650681e599
parentf409a11c257b88c063b559182a58a641d0b30edf (diff)
downloadpi-bitcoindev-1b9a8fa29be938da7a84a028d0d1db02ecc22b75.tar.gz
pi-bitcoindev-1b9a8fa29be938da7a84a028d0d1db02ecc22b75.zip
Re: [Bitcoin-development] Block Size Increase
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+From: Mike Hearn <mike@plan99.net>
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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] Block Size Increase
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+--047d7b5d34fa9a2e5805157f579d
+Content-Type: text/plain; charset=UTF-8
+
+>
+> What gives Bitcoin value aren't its technical merits but the fact that
+> people believe in it.
+>
+
+Much of the belief in Bitcoin is that it has a bright future. Certainly the
+huge price spikes we've seen were not triggered by equally large spikes in
+usage - it's speculation on that future.
+
+I quite agree that if people stop believing in Bitcoin, that will be bad. A
+fast way to bring that about will be to deliberately cripple the technology
+in order to force people onto something quite different (which probably
+won't be payment channel networks).
+
+
+> I'd argue that if we didn't force through a 20MB fork now, and we ran into
+> major network difficulties a year from now and had no other technical
+> solutions, that maybe we would get nearly universal agreement
+>
+
+I doubt it. The disagreement seems more philosophical than technical. If
+Bitcoin fell off a cliff then that'd just be taken as more evidence that
+block chains don't work and we should all use some network of payment hubs,
+or whatever the fashion of the day is. Or anyone who doesn't want to pay
+high fees is unimportant. See all the other justifications Gavin is working
+his way through on his blog.
+
+That's why I conclude the opposite - if there is no fork, then people's
+confidence in Bitcoin will be seriously damaged. If it's impossible to do
+something as trivial as removing a temporary hack Satoshi put in place,
+then what about bigger challenges? If the community is really willing to
+drive itself off a cliff due to political deadlock, then why bother
+building things that use Bitcoin at all?
+
+--047d7b5d34fa9a2e5805157f579d
+Content-Type: text/html; charset=UTF-8
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"ltr"><div class=3D"gmail_extra"><div class=3D"gmail_quote"><blo=
+ckquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #c=
+cc solid;padding-left:1ex"><div dir=3D"ltr"><div><span style=3D"font-size:1=
+2.8000001907349px">What gives Bitcoin value aren&#39;t its technical merits=
+ but the fact that people believe in it. </span></div></div></blockquote><d=
+iv><br></div><div>Much of the belief in Bitcoin is that it has a bright fut=
+ure. Certainly the huge price spikes we&#39;ve seen were not triggered by e=
+qually large spikes in usage - it&#39;s speculation on that future.</div><d=
+iv><br></div><div>I quite agree that if people stop believing in Bitcoin, t=
+hat will be bad. A fast way to bring that about will be to deliberately cri=
+pple the technology in order to force people onto something quite different=
+ (which probably won&#39;t be payment channel networks).</div><div>=C2=A0</=
+div><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-lef=
+t:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr"><div><span style=3D"fon=
+t-size:12.8000001907349px">I&#39;d argue that if we didn&#39;t force throug=
+h a 20MB fork now, and we ran into major network difficulties a year from n=
+ow and had no other technical solutions, that maybe we would get nearly uni=
+versal agreement</span></div></div></blockquote><div><br></div><div>I doubt=
+ it. The disagreement seems more philosophical than technical. If Bitcoin f=
+ell off a cliff then that&#39;d just be taken as more evidence that block c=
+hains don&#39;t work and we should all use some network of payment hubs, or=
+ whatever the fashion of the day is. Or anyone who doesn&#39;t want to pay =
+high fees is unimportant. See all the other justifications Gavin is working=
+ his way through on his blog.</div><div><br></div><div>That&#39;s why I con=
+clude the opposite - if there is no fork, then people&#39;s confidence in B=
+itcoin will be seriously damaged. If it&#39;s impossible to do something as=
+ trivial as removing a temporary hack Satoshi put in place, then what about=
+ bigger challenges? If the community is really willing to drive itself off =
+a cliff due to political deadlock, then why bother building things that use=
+ Bitcoin at all?</div><div><br></div><div><br></div></div></div></div>
+
+--047d7b5d34fa9a2e5805157f579d--
+
+