Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
sickpig
on 27/05/2015, 15:08:39 UTC
last time I've checked Satoshi himself explicitly state that max block size limit was a temporary band aid to avoid a certain type DoS attack to the bitcoin network, just for the record.

For the record, I've never disputed the origin of the 1mb max block size, ...


fair enough.

I was just trying to keep separate our own speculation (as in "ideas or guesses about something that is not known")  from Satoshi's actual statements, such as:

It can be phased in, like:

if (blocknumber > 115000)
    maxblocksize = largerlimit

It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.

When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.


or

Forgot to add the good part about micropayments.  While I don't think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall.  If Bitcoin catches on on a big scale, it may already be the case by that time.  Another way they can become more practical is if I implement client-only mode and the number of network nodes consolidates into a smaller number of professional server farms.  Whatever size micropayments you need will eventually be practical.  I think in 5 or 10 years, the bandwidth and storage will seem trivial.

or, fwiw, :

And there is this:

The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.

and last but not least

The sooner you Monopolist Maximalists get over the fact that GavinCoin doesn't have the required 80% consensus, the better.

I won't define myself a "Monopolist Maximalists", you're misinterpreting my intentions.