Post
Topic
Board Bitcoin Discussion
Re: blocksize solution: longest chain decides
by
brg444
on 04/09/2015, 20:22:37 UTC
In order to produce larger blocks in the future, we'll need miners to come up with more efficient communication schemes similar to the relay network.  This just allows them to produce block space for cheaper and for us to enjoy lower-cost transactions.  Win-win.  

(Note also that what matters is the network average, and not a few fast connections [although those fast connections do help to lower the network average.])

Peter, you know exactly what that means: centralization...

Before I respond to this, can you admit that both Greg and you were wrong (at least about the particular detail you called me out on above)?  

To be quite honest I didn't bother considering the math from the post I quickly digged up. I'm sorry my example was poorly chosen but to be clear that was Greg's point. It sounds you may have been right, about this particular factor. My point was to demonstrate that miners are increasingly tending towards schemes and centralization that can diminish their relaying costs and create possible unfair advantage which could be precipitated by an inconsiderate block size increase.