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From: Will Madden <will.madden@bridge21inc.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
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