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From: Adam Back <adam@cypherspace.org>
To: Simon Liu <simon@bitcartel.com>
Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] A reason we can all agree on to increase block size
Date: Mon, 3 Aug 2015 09:46:51 +0200	[thread overview]
Message-ID: <CALqxMTF8wtXw7FEqLyrDYo1ntUtxF_nFYHJjOHLmUDcgLJYY8Q@mail.gmail.com> (raw)
In-Reply-To: <55BF153B.9030001@bitcartel.com>

On 3 August 2015 at 09:16, Simon Liu <simon@bitcartel.com> wrote:
> Increasing the block size shouldn't be a problem for Chinese miners.
> Five of the largest - F2Pool, Antpool, BW, BTCChina, Huobi - have
> already signed a draft agreement indicating they are fine with an
> increase to 8 MB: http://www.8btc.com/blocksize-increase-2

There are two problems with this statement.  Firstly we can not be doing
protocol design via political lobbying - this is not a scientific approach
and for sure leads to disaster; it is not the colour of the paint on the box,
it is the security of the system.

Secondly as I understand it the Chinese miners did this under duress
of threats of worse as a compromise beyond what they felt they could safely
cope with.

> With regards to China's international bandwidth, not only is intra-Asia
> capacity improving all the time, a major consortium cable FASTER is
> coming online Q2 2016.

That is good news.

Aadm


  parent reply	other threads:[~2015-08-03  7:46 UTC|newest]

Thread overview: 19+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2015-08-02 21:02 [bitcoin-dev] A reason we can all agree on to increase block size Jim Phillips
2015-08-03  1:21 ` Pindar Wong
2015-08-03  4:33   ` Jim Phillips
2015-08-03  3:13 ` odinn
2015-08-03  6:34 ` Adam Back
2015-08-03  6:53   ` Jim Phillips
2015-08-04 10:53     ` Jorge Timón
2015-08-03  7:16   ` Simon Liu
2015-08-03  7:34     ` Hector Chu
2015-08-03  7:53       ` Adam Back
2015-08-03  8:06         ` Hector Chu
2015-08-03  8:20           ` Eric Lombrozo
2015-08-03  8:31             ` Hector Chu
2015-08-03  8:38               ` Eric Lombrozo
2015-08-03  8:52                 ` Hector Chu
2015-08-03  9:01                   ` Eric Lombrozo
2015-08-03  9:22                     ` Hector Chu
2015-08-03  7:46     ` Adam Back [this message]
2015-08-03 13:57   ` Michael Ruddy

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