[Bitcoin-development] Incorporating block validation rule modifications into the block chain

Gregory Maxwell gmaxwell at gmail.com
Wed Feb 13 21:05:27 UTC 2013


On Wed, Feb 13, 2013 at 1:02 PM, Gavin Andresen <gavinandresen at gmail.com> wrote:
> On Wed, Feb 13, 2013 at 10:42 AM, Gregory Maxwell <gmaxwell at gmail.com>
> wrote:
>>  Since, in the long run,
>> Bitcoin can't meet its security and decenteralization promises without
>> blockspace scarcity to drive non-trivial fees and without scaling
>> limits to keep it decenteralized— it's not a change that could be made
>> more lightly than changing the supply of coin.
> I disagree with Gregory on this.  I believe that Bitcoin CAN meet its
> security and decentralization promises without any hard limit on block size.
>
> I had a fruitful discussion about this with an economist friend this
> weekend, and I'll eventually getting around to writing up why I believe
> raising the block size limit will not be a problem.

That would be fantastic.




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