Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
NewLiberty
on 03/01/2015, 23:08:11 UTC
who knows how much further MC achievements might have been accomplished if BS core devs were spending all that time working on Bitcoin Core that they undoubtedly have been dedicating to the spvp for the last year and a half.  forget that shit and get behind Gavin and increase blocksize.  now is the time to do this.
A hard fork to increase blocksize may be needed, but the proposed exponential blocksize growth is both unnecessary and harmful to propagation of the sufficient bitcoin nodes desired for resilience.  

I'm curious to know what you (and others btw) make of Mircea Popescu and his crew's position that blocksize should not (arguably never) be increased

I've published on this matter extensively already.  Block size stagnation to preserve TOR is not sufficient reason.  (Block size is the decompressed size, network layer issues can be resolved at network layers rather than at application layer.)  I also disagree with Mircea P that Block size should be limited as an incentive to increase tx fees in order to support miners.  Miners need no such support.  We have more mining and fewer nodes than we need.

Gavin's proposal is naive wrt security, and prejudiced against increasing nodes (something the network does need), it is likely to decrease them instead.  The notion that market forces rule all and that block size will be constrained by the incremental risk of orphaning a block vis a vis the prospect of a competitive advantage from economies of scale knocking out smaller opposition is short sighted.  It creates a perverse incentive to increase block sizes and stuff them with junk to kill off smaller competitors.  
There are other technical solutions in play which may mitigate this with storage advancements and databasing and UTXO search but with the current state of things, his proposal breaks more than it fixes.