From mboxrd@z Thu Jan 1 00:00:00 1970 Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id 84DEE826 for ; Fri, 21 Aug 2015 13:34:47 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-ig0-f176.google.com (mail-ig0-f176.google.com [209.85.213.176]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 1E3A913F for ; Fri, 21 Aug 2015 13:34:47 +0000 (UTC) Received: by igbjg10 with SMTP id jg10so13949308igb.0 for ; Fri, 21 Aug 2015 06:34:46 -0700 (PDT) X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20130820; h=x-gm-message-state:content-type:mime-version:subject:from :in-reply-to:date:cc:content-transfer-encoding:message-id:references :to; bh=QkuR9V2jpPo1S1GxEQ250qv+lVsjs3Wfv5uLfUJw8x0=; b=d6yjoM5XIL43HdzkF6iO+0ibTuHKHHhQhOJ1TkLR9CDWb6BqzzvRb+fWonlfUoqPpi jhpOSSRkoIEUBsSxXNJQ/YdVcn7oSO4JwnJ8ffxUYSbmMCDXuPcvKW2px/yVWN1duLDW RDvB0vZZUVGQ4idAxpiDWxJLQUURvIAu2f4ja3N81RYuvv74OjxfVbDLE+v6b/KD2onR Sw9UjrdbcEHGCELUglFBl0cR7ysNDCHTJVs0Ot0wRyqvFkboFr+nrTyVRzUBqjPCCR6O S+HJhG/QTZBcLryWYkJFkVsZGFv0PD+nzHoNcpw9LA/8XYy6P195/TiewwmPN52+/pst N0OQ== X-Gm-Message-State: ALoCoQknEUTzfCh75GJmUW76IFcZJUAAkZk8SGg2e4Rqta67glyQEzFHEEmtKy4bPZoVjN5dHRgh X-Received: by 10.50.43.227 with SMTP id z3mr2620887igl.22.1440164086535; Fri, 21 Aug 2015 06:34:46 -0700 (PDT) Received: from [192.168.1.86] (c-73-34-122-98.hsd1.co.comcast.net. [73.34.122.98]) by smtp.gmail.com with ESMTPSA id d3sm1781660igx.5.2015.08.21.06.34.45 (version=TLSv1 cipher=ECDHE-RSA-RC4-SHA bits=128/128); Fri, 21 Aug 2015 06:34:46 -0700 (PDT) Content-Type: text/plain; charset=utf-8 Mime-Version: 1.0 (Mac OS X Mail 8.2 \(2102\)) From: Will Madden In-Reply-To: <55D7250D.5@olivere.de> Date: Fri, 21 Aug 2015 07:34:45 -0600 Content-Transfer-Encoding: quoted-printable Message-Id: References: <3B2A58B3-6AF6-4F1C-A6FA-7AEC97F48AD0@petertodd.org> <55D7250D.5@olivere.de> To: Oliver Egginger X-Mailer: Apple Mail (2.2102) X-Spam-Status: No, score=-2.6 required=5.0 tests=BAYES_00,RCVD_IN_DNSWL_LOW autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Cc: bitcoin-dev@lists.linuxfoundation.org Subject: Re: [bitcoin-dev] Core Devs : can you share your thoughts about all BIPs on this website ? X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Development Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Fri, 21 Aug 2015 13:34:47 -0000 Keeping the block size at 1mb restricts the number of active users of = bitcoin to around 100,000 people transacting twice a day on blockchain. =20= BItcoin is a protocol. Protocols are successful because of their = network effect. Capping the block size freezes bitcoin=E2=80=99s = network effect, limits users and prevents new users from joining (which = will cut demand to exchange bitcoin) and also freeze the economic = incentive to mine, because it will hurt the price. =20 Keeping the 1MB cap in place is horrible for the health of bitcoin. = It=E2=80=99s good for competing protocols that want a chance to =E2=80=9Cc= atch up=E2=80=9D.=20 Freezing bitcoin=E2=80=99s growth for any meaningful length of time will = threaten its position as the leading cryptocurrency. Reasonable, = controlled growth is a good thing. BIP101 should be rolled into core as = soon as feasible. > On Aug 21, 2015, at 7:18 AM, Oliver Egginger via bitcoin-dev = wrote: >=20 > Yifu Guo via bitcoin-dev: >> One thing is for sure though, not increasing the blocksize is not an = option. >=20 > Why not? The blocksize increase eliminates the pressure to seek = durable > solutions. But it will turn out differently. Other than we all think. >=20 > I really can not imagine that a 20-year plan will be successful. At = one > point we like to clear away the auto-increase. I think that is the = only > thing for sure at the moment. >=20 > I hope that the current protocol and blockchain will be continued. > Perhaps with fewer people. That would settles the matter for the time > being. ;) >=20 > - oliver > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev@lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev