[Bitcoin-ml] Block size credit and supporting "burst" block sizes

Christoph Bergmann christoph.bergmann at mailbox.org
Wed Nov 22 10:39:33 UTC 2017


I don't think it is wise to completely dismiss the idea to limit
blockchain traffic. Bitcoin is much about security and scarcity and
trust. Even if you are right, and we need no limit, you still would
cause fear by many people which don't trust unlimited blocksizes.


Am 20.11.2017 um 09:52 schrieb Erik Beijnoff via bitcoin-ml:
>> On 20 Nov 2017, at 06:34, Peter Rizun via bitcoin-ml <bitcoin-ml at lists.linuxfoundation.org> wrote:
>>
>> If the last three years has taught us anything, it’s that the biggest threat to fees and reliable blockchain access comes from the developers themselves.  As far as I know, there is no evidence that miners act maliciously either to drive up transaction fees by forming a cartel, or to drive them down in order to spam the blockchain.  Miners appear genuinely invested in the long-term success of the network.  However, we have three years of evidence that private companies do indeed hire influential developers to block the stream, as it were.  
>>
>> For me, the big take away is that things like the block size limit should not be viewed as "policy levers" for us to tweak — imagining ourselves nobly balancing “decentralization” with some “optimal fee target.”  This is not the Fed, and we’re not its Board of Governors.  This sort of power corrupts, as is now plainly evident.  
>>
> Completely and utterly agree. Adding a restriction to the block size out of concern for network health is about as logical as putting a restriction on the traffic that can flow through the internet infrastructure out of fear that you may wear it out.
>
> All available evidence points to that the Bitcoin network has natural limits that it strive towards and that the honest network actors are not only pushing it in that direction but also stepping on the brakes when there is a sense of network abuse.
>
> Apart from that - a throttled network is neither economically viable nor secure; scale is the only way to pay for infrastructure and security. Bitcoin is currently the cryptocurrency version of a massive datacenter used to host a single website.
>
> /Erik
>
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-- 
Christoph Bergmann
Bitcoinblog.de
christoph.bergmann at mailbox.org
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