[bitcoin-dev] Fees and the block-finding process
gavinandresen at gmail.com
Mon Aug 10 14:12:05 UTC 2015
On Fri, Aug 7, 2015 at 1:33 PM, Jorge Timón <jtimon at jtimon.cc> wrote:
> On Aug 7, 2015 5:55 PM, "Gavin Andresen" <gavinandresen at gmail.com> wrote:
> > I think there are multiple reasons to raise the maximum block size, and
> yes, fear of Bad Things Happening as we run up against the 1MB limit is one
> of the reasons.
> What are the other reasons?
> > I take the opinion of smart engineers who actually do resource planning
> and have seen what happens when networks run out of capacity very seriously.
> When "the network runs out of capacity" (when we hit the limit) do we
> expect anything to happen apart from minimum market fees rising (above
> Obviously any consequences of fees rising are included in this concern.
It is frustrating to answer questions that we answered months ago,
especially when I linked to these in response to your recent "increase
advocates say that not increasing the max block size will KILL BITCOIN"
Executive summary: when networks get over-saturated, they become
unreliable. Unreliable is bad.
Unreliable and expensive is extra bad, and that's where we're headed
without an increase to the max block size.
RE: the recent thread about "better deal with that type of thing now rather
than later" : exactly the same argument can be made about changes needed
to support a larger block size-- "better to do that now than to do that
later." I don't think either of those arguments are very convincing.
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