Subject: Re: [bitcoin-dev] Block size following technological growth

From: Peter Todd <[email-masked]>
Date: Thu, 06 Aug 2015 21:56:09 +0000

On 6 August 2015 10:21:54 GMT-04:00, Gavin Andresen via bitcoin-dev <[email-masked]> wrote:
>On Thu, Aug 6, 2015 at 10:06 AM, Pieter Wuille
><[email-masked]>
>wrote:
>
>> But you seem to consider that a bad thing. Maybe saying that you're
>> claiming that this equals Bitcoin failing is an exaggeration, but you
>do
>> believe that evolving towards an ecosystem where there is competition
>for
>> block space is a bad thing, right?
>>
>
>No, competition for block space is good.
>
>What is bad is artificially limiting or centrally controlling the
>supply of
>that space.

Incidentally, why is that competition good? What specific design goal is that competition achieving?