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 3286168 for ; Sun, 2 Aug 2015 21:02:52 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-wi0-f182.google.com (mail-wi0-f182.google.com [209.85.212.182]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 6B8BF142 for ; Sun, 2 Aug 2015 21:02:51 +0000 (UTC) Received: by wibud3 with SMTP id ud3so90240900wib.0 for ; Sun, 02 Aug 2015 14:02:50 -0700 (PDT) X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20130820; h=x-gm-message-state:mime-version:from:date:message-id:subject:to :content-type; bh=N/dGd87UbFOtYkdxzHHII53UyC3SA7oAoJJvA5idJzk=; b=a0YPnBfFhMVVp8otGuPHrQneuo/zMLtZ4dzyH1e8TMcmU19PnZST7Fe9OeoIGhkaE0 VFUhGfz7DD2Q3nw5diyYhiF6prKE0Ano4Qs8RY25X25n2fxtf8p/ul/NnvEP6oGur1MO 2c3lqEq8gEshZsxQS2RIwddrOx2TAjjzUEUgU4PiQDP4IBXIndbP0M2Qr3cXdM0W8IKY IQMlPKTp0SlLTRhbioivGPLeCCTbpVzarjHGUjwfzqyWIzS61+/8CwLmLzlpGanAL9wf QCfNmoZfSKnPY1uPRphPSKJkKw7bXvckIM0bg6OvO3+juXGF5urZA4L4UfI/zimKHJZD eaRg== X-Gm-Message-State: ALoCoQldg0pkC8U7OFVAKh2O9kCa2oXXmiJt+KQPkfRUlxo6BlwjWiVNm62ExFd9+vcgxFYFy7eu X-Received: by 10.180.37.207 with SMTP id a15mr7505035wik.26.1438549369863; Sun, 02 Aug 2015 14:02:49 -0700 (PDT) MIME-Version: 1.0 Received: by 10.194.15.193 with HTTP; Sun, 2 Aug 2015 14:02:20 -0700 (PDT) From: Jim Phillips Date: Sun, 2 Aug 2015 16:02:20 -0500 Message-ID: To: bitcoin-dev@lists.linuxfoundation.org Content-Type: multipart/alternative; boundary=e89a8f6473eb2ed677051c5a60a1 X-Spam-Status: No, score=1.7 required=5.0 tests=BAYES_50,HTML_IMAGE_ONLY_24, HTML_MESSAGE, RCVD_IN_DNSWL_LOW, T_REMOTE_IMAGE autolearn=no version=3.3.1 X-Spam-Level: * X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Subject: [bitcoin-dev] A reason we can all agree on to increase block size 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: Sun, 02 Aug 2015 21:02:52 -0000 --e89a8f6473eb2ed677051c5a60a1 Content-Type: text/plain; charset=UTF-8 China is a communist country. It is no secret that all "capitalist" enterprises are essentially State controlled, or at the very least are subject to nationalization should the State deem it necessary. Most ASIC chips are manufactured in China, so they are cheap and accessible to Chinese miners. Electricity is subsidized and essentially free. Cooling is not an issue since large parts of China are mountainous and naturally cool. In short the Chinese miners have HUGE advantages over all other mining operations. This is probably why, between just the top 4 Chinese miners, the People's Republic of China effectively controls 57% of all the Bitcoin being mined. The ONLY disadvantage the Chinese miners have in competing with the rest of the world is bandwidth. China has poor connectivity with the rest of the world, and Chinese miners have said that an increase in the block size would be detrimental to them. I say, GOOD! Most of the free world has enough bandwidth to be able to handle larger blocks. We need to take advantage of that fact to get mining out of the centralized control of the Chinese. If you're truly worried about larger blocks causing centralization, think about how, by restricting blocksize, you're enabling the Communist Chinese government to maintain centralized control over 57% of the Bitcoin hashing power. -- *James G. Phillips IV* *"Don't bunt. Aim out of the ball park. Aim for the company of immortals." -- David Ogilvy* *This message was created with 100% recycled electrons. Please think twice before printing.* --e89a8f6473eb2ed677051c5a60a1 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable
China is a communist country. It is no secret that al= l "capitalist" enterprises are essentially State controlled, or a= t the very least are subject to nationalization should the State deem it ne= cessary. Most ASIC chips are manufactured in China, so they are cheap and a= ccessible to Chinese miners. Electricity is subsidized and essentially free= . Cooling is not an issue since large parts of China are mountainous and na= turally cool. In short the Chinese miners have HUGE advantages over all oth= er mining operations. This is probably why, between just the top 4 Chinese = miners, the People's Republic of China effectively controls 57% of all = the Bitcoin being mined.

The ONLY disadvantage the= Chinese miners have in competing with the rest of the world is bandwidth. = China has poor connectivity with the rest of the world, and Chinese miners = have said that an increase in the block size would be detrimental to them. = I say, GOOD! Most of the free world has enough bandwidth to be able to hand= le larger blocks. We need to take advantage of that fact to get mining out = of the centralized control of the Chinese.

If you&= #39;re truly worried about larger blocks causing centralization, think abou= t how, by restricting blocksize, you're enabling the Communist Chinese = government to maintain centralized control over 57% of the Bitcoin hashing = power.

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