Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
domob
on 17/08/2015, 18:31:00 UTC
We have been reminded, by the pretention nodes, that there is always a risk of a largeblock being orphaned, especially the first one, then the next one that is larger, and so on. Not only due to timing, verification of the block, the technical stuff, but also the willingness of others to build on it. In business, the risk transforms directly to cost.

After a block of 2MB for example, the risk is reduced for blocks up to and including that exact size. We will therefore in the future see step increases in the blocksize, with retraction in between due to the varying demand. The typical leg up, stability, another leg up pattern, all market based.

Yes, tip  toeing forward according to fundamentals, both technical and economic.

"Step increases" and "top toeing forward" won't help much here.  If the main concern is acceptance of the larger block (which I think it is and which you seem to imply with the reference to pretention nodes), then 1.001 MB and 8 MB blocks are, roughly speaking, "the same".  A node either accepts both (if it allows larger blocks) or it rejects both (if it does not).  So while I agree that miners may be reluctant to accept (and especially build on their own) large blocks, I don't think there is any particular reason to "tip toe forward" once they are on a chain that is invalid according to the old rules.  Unless, of course, verification and relaying timing is a concern.  But then the fork should actually have never been done in the first place and XT failed already during the planning stage.