Post
Topic
Board Bitcoin Discussion
Re: BIP1xx DynamicMaxBlockSize
by
DooMAD
on 08/09/2015, 18:26:43 UTC
If you can't understand that a 1MB chain favors the entire network and not only "a small minority" you are either being intentionally dishonest or outright ignorant. Let me spell it out for you: a 1MB block size guarantees access to the most open, private and secure chain.

Open: every users has an ability to trivially run a node and store their wealth on that chain

Private: relying on SPV means relying on a third-party to relay your transactions, there are considerable privacy risks.

Secure: an ultra conservative block size allows the number of independent nodes in the system to grow infinitely, considerably increasing the strength and decentralization of the network. it enables possibilities like the commoditization of hardware such as the existing Bitnodes (https://getaddr.bitnodes.io/hardware/)

Now your obvious complain is that not everyone will get to transact on this chain since it might be considerably pricier. If we're being honest, that's not a problem. A strong & decentralized protocol layer will work as a guarantee that third-parties involved in superficial layers are being kept honest provided that their actions can be checked against the one absolute truth layer. That's the role you should expect Bitcoin to play in the future:

So you freely admit your ultimate goal is to make it as easy as possible for everyone to run a full node to support a chain they can't afford to transact on?  Yeah, I guess I'll have to admit I don't understand how that benefits everyone.  Because it doesn't benefit everyone, it benefits whoever has the most coins.  Sure, let's disrupt the fiat monetary system, where everyone supports the system to provide tremendous benefit to a small, wealthy minority, with Bitcoin, where everyone supports the system to provide tremendous benefit to a small, wealthy minority?  Oh wait, that's the same outcome, why are we bothering to disrupt it at all? 

You're done taking ME seriously?   Grin

It's simply not going to play out like that.  There are too many factors you don't have control over to dictate that particular direction.  Many of the people who are involved with bitcoin right now don't run a full node due to resource constraints, so it's not like new users are going to start running full nodes en-masse just so that they can be shunted off to less secure chains whenever they want to transact.  The pressure will never go away for a larger blocksize and there's nothing you can do to prevent it happening.  Keep dreaming.