<div dir="ltr">That strikes me as a dangerous path forward.<div><br></div><div>I don't actually think there is anything wrong with this: "<span style="font-size:12.8000001907349px">everybody eventually gets tired of arguing angels-dancing-on-the-head-of-</span><span style="font-size:12.8000001907349px">a-pin, and we're left with the status quo"</span></div><div><span style="font-size:12.8000001907349px"><br></span></div><div><span style="font-size:12.8000001907349px">What gives Bitcoin value aren't its technical merits but the fact that people believe in it. The biggest risk here isn't that 20MB blocks will be bad or that 1MB blocks will be bad, but that by forcing a hard fork that isn't nearly universally agreed upon, we will be damaging that belief. If I strongly believed some hard fork would be better for Bitcoin, say permanent inflation of 1% a year to fund mining, and I managed to convince 80% of users, miners, businesses and developers to go along with me, I would still vote against doing it. Because that's not nearly universal agreement, and it changes what people chose to believe in without their consent. Forks should be hard, very hard. And both sides should recognize that belief in the value of Bitcoin might be a fragile thing. 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, and the businesses and users that were driven away by the unusable system would be a short term loss in value considerably smaller than the impairment we risk by forcing a change.</span></div><div><span style="font-size:12.8000001907349px"><br></span></div><div><span style="font-size:12.8000001907349px"><br></span></div></div><div class="gmail_extra"><br><div class="gmail_quote">On Thu, May 7, 2015 at 10:52 AM, Gavin Andresen <span dir="ltr"><<a href="mailto:gavinandresen@gmail.com" target="_blank">gavinandresen@gmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div class="gmail_extra">For reference: the blog post that (re)-started this debate, and which links to individual issues, is here:</div><div class="gmail_extra"> <a href="http://gavinandresen.ninja/time-to-roll-out-bigger-blocks" target="_blank">http://gavinandresen.ninja/time-to-roll-out-bigger-blocks</a></div><div class="gmail_extra"><br></div><div class="gmail_extra">In it, I asked people to email me objections I might have missed. I would still appreciate it if people do that; it is impossible to keep up with this mailing list, /r/bitcoin posts and comments, and #bitcoin-wizards and also have time to respond thoughtfully to the objections raised.</div><div class="gmail_extra"><br></div><div class="gmail_extra">I would very much like to find some concrete course of action that we can come to consensus on. Some compromise so we can tell entrepreneurs "THIS is how much transaction volume the main Bitcoin blockchain will be able to support over the next eleven years."<br><br>I've been pretty clear on what I think is a reasonable compromise (a one-time increase scheduled for early next year), and I have tried to explain why I think it it is the right set of tradeoffs.</div><div class="gmail_extra"><br></div><div class="gmail_extra">There ARE tradeoffs here, and the hard question is what process do we use to decide those tradeoffs? How do we come to consensus? Is it worth my time to spend hours responding thoughtfully to every new objection raised here, or will the same thing happen that happened last year and the year before-- everybody eventually gets tired of arguing angels-dancing-on-the-head-of-a-pin, and we're left with the status quo?</div><div class="gmail_extra"><br></div><div class="gmail_extra">I AM considering contributing some version of the bigger blocksize-limit hard-fork patch to the Bitcoin-Xt fork (probably "target a hobbyist with a fast Internet connection, and assume Nelson's law to increase over time), and then encouraging merchants and exchanges and web wallets and individuals who think it strikes a reasonable balance to run it.</div><div class="gmail_extra"><br></div><div class="gmail_extra">And then, assuming it became a super-majority of nodes on the network, encourage miners to roll out a soft-fork to start producing bigger blocks and eventually trigger the hard fork.</div><div class="gmail_extra"><br></div><div class="gmail_extra">Because ultimately consensus comes down to what software people choose to run.</div><span class="HOEnZb"><font color="#888888"><div class="gmail_extra"><div><br></div>-- <br><div>--<br>Gavin Andresen<br></div><div><br></div>
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