[bitcoin-dev] Fwd: Block size following technological growth
thomas at thomaszander.se
Fri Aug 7 21:35:25 UTC 2015
On Friday 7. August 2015 19.09.30 Pieter Wuille wrote:
> > And you do the same thing again; you dismiss the need factor.
> Of course there is a need. It's the primary mechanism that keeps Bitcoin
> secure and immune from malicious influence.
I see a pretty big problem if this really is your insight, the need an
individual has for running a node is a completely different concept than the
need for nodes to exist. And, really, you are describing miners, not nodes.
good thing is that you seem to agree with me as your continue with;
> Of course not everyone needs to run a node.
Thats the 'need' I was talking about.
As we concluded in our previous email, the need to run a node is inversely
proportional to the ability (or willingness) to trust others.
And lets face it, practically everyone trusts others with their money today.
> But that leaves the
> responsibility on us - the community - to help the situation by not making
> it too hard to run a node. And I see the block size as the primary way
> through which we do that.
That won't really have any influence, economics 101 says that it doesn't work
that way. Lowering the cost on a product won't make it sell more without the
people wanting or needing the product.
> If the impact of the system goes u[p], so should the - joint - incentives to
> keep it secure. And I think we're (slowly) failing at that.
That is your opinion. At least, I don't see that conclusion supported by
I'll defer to Gavins emails that countered this point better.
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