From: Pieter Wuille <pieter.wuille@gmail•com>
To: Jeff Garzik <jgarzik@gmail•com>
Cc: bitcoin-dev@lists•linuxfoundation.org
Subject: Re: [bitcoin-dev] The need for larger blocks
Date: Fri, 26 Jun 2015 20:34:31 +0200 [thread overview]
Message-ID: <CAPg+sBhrBUSfPdMjbLthLEFD17zBC3LoWf9LvZsOD1Vp0D78BQ@mail.gmail.com> (raw)
In-Reply-To: <CADm_WcbQog_UCV=JPHyqTRxKbaGY7jedtHE_D8jJSe_thMg05w@mail.gmail.com>
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> If you wait until the need to increase block size
It is this sentence I disagree with. Why would there be a need? Bitcoin
provides utility at any block size, and potentially more with larger blocks.
But no matter what, I believe the economy will adapt to what is available.
And setting a precedent that increasing the size "because of a need" is
reasonable is to me essentially the same as saying the size should forever
scale to whatever people want.
I believe the most important effect of a limit block size - people deciding
not to use (on chain) Bitcoin transactions, is already happening, and it
will keep happening at any scale.
Either the resulting market is one which can live with high variability in
confirmation times, and blocks will end up being nearly full. Or maybe the
current fill level is what is acceptable, and we don't see much growth
beyond this, only a change in what it is used for.
--
Pieter
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next prev parent reply other threads:[~2015-06-26 18:34 UTC|newest]
Thread overview: 61+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-06-26 14:09 Pieter Wuille
2015-06-26 14:38 ` Venzen Khaosan
2015-06-26 15:22 ` Milly Bitcoin
2015-06-26 15:24 ` Pieter Wuille
2015-06-26 18:05 ` Jeff Garzik
2015-06-26 18:32 ` Milly Bitcoin
2015-06-26 15:38 ` Tom Harding
2015-06-26 16:22 ` Venzen Khaosan
2015-06-26 17:04 ` Tom Harding
2015-06-26 17:55 ` Gavin Andresen
2015-06-26 17:57 ` Jeff Garzik
2015-06-26 18:12 ` Pieter Wuille
2015-06-26 18:23 ` Jeff Garzik
2015-06-26 18:31 ` Mark Friedenbach
2015-06-26 19:05 ` Aaron Voisine
2015-06-26 18:34 ` Pieter Wuille [this message]
2015-06-26 19:18 ` Ross Nicoll
2015-06-26 19:36 ` Peter Todd
2015-06-27 6:13 ` Filipe Farinha
2015-06-27 7:14 ` Aaron Voisine
2015-06-27 15:13 ` Peter Todd
2015-06-27 19:40 ` Aaron Voisine
2015-06-26 18:47 ` Patrick Strateman
2015-06-26 19:03 ` Tier Nolan
2015-06-26 19:12 ` Mark Friedenbach
2015-06-26 20:44 ` Owen Gunden
2015-06-27 2:18 ` Eric Lombrozo
2015-06-27 2:54 ` Eric Lombrozo
2015-06-27 8:16 ` Venzen Khaosan
2015-06-26 18:29 ` Alex Morcos
2015-06-27 7:43 ` Wladimir J. van der Laan
2015-06-27 9:55 ` NxtChg
2015-06-27 10:04 ` Wladimir J. van der Laan
2015-06-27 10:29 ` NxtChg
2015-06-27 11:04 ` Jorge Timón
2015-06-27 11:18 ` Eric Lombrozo
2015-06-27 11:43 ` Jorge Timón
2015-06-27 12:10 ` NxtChg
2015-06-28 12:13 ` Jorge Timón
2015-06-28 13:51 ` Ivan Brightly
2015-06-28 14:13 ` Eric Lombrozo
2015-06-28 14:16 ` Eric Lombrozo
2015-06-28 14:22 ` Ivan Brightly
2015-06-28 15:05 ` Jorge Timón
2015-06-28 16:01 ` Ivan Brightly
2015-06-28 15:28 ` s7r
2015-06-28 15:45 ` Jorge Timón
2015-06-27 10:19 ` Venzen Khaosan
2015-06-27 19:55 ` Aaron Voisine
2015-06-28 16:37 ` Venzen Khaosan
2015-06-28 20:56 ` Aaron Voisine
2015-06-27 10:13 ` Jorge Timón
2015-06-27 12:09 ` Wladimir J. van der Laan
2015-06-27 12:15 ` NxtChg
2015-06-27 12:17 ` Greg Sanders
2015-06-27 12:25 ` NxtChg
2015-06-27 12:35 ` Greg Sanders
2015-06-27 12:25 ` Wladimir J. van der Laan
2015-06-27 12:50 ` NxtChg
2015-06-27 13:01 ` Wladimir J. van der Laan
2015-06-28 12:03 ` Jorge Timón
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