Post
Topic
Board Bitcoin Discussion
Re: Bitcoin 20MB Fork
by
DeathAndTaxes
on 02/03/2015, 21:31:00 UTC

really?

Technically speaking as far as I understand a soft fork should suffice to introduce the new needed OPCODE.

Sorry I should have said fork not hard fork.  If you can get a super majority of miners to agree then you are most of the way towards a hard fork anyways.

Quote
So you're saying that since that svp proof needed for ensure the 2 way peg mechanism between the main and the said chains is bigger than the avg txn we need a larger max block size, correct?  But a single SVP proof should suffice to perform hundreds of txns on the side chains (depending on the side chains implementation / design), so maybe the max block size increase could be modelled in a more "gentle" way.

Well I think if Bitcoin is to become anything other than a toy for crypto nerds we will have larger blocks regardless.  However yes I believe that the block limit can and should be more "gentle".  I believe for what it is worth something closer to 20% annualized over a longer period of time can get us to the same place without running the risk that block size growth will exceed Nielsen's Law in the short term.