Post
Topic
Board Bitcoin Discussion
Re: Poll: Mike H. Interview - Convincing or not?
by
MicroGuy
on 02/10/2015, 17:48:48 UTC
Does Mike Hearn act like he trying to weaken Bitcoin on purpose or does he do it naturally?

THIS is the big question. This is what we want to figure out. Assuming motives is equally as silly as assuming that the most advanced malicious and sophisticated attackers are sitting idly by while decentralization undoes their millennia-old process of consolidation of centralized power structures.


Hearn and Gavin are clearly trying to implement a solution that would mimic a 'Satoshi solution' if he were active/present. But they are wrong.

Satoshi wouldn't auto-double the block limit every 2 years simply because we cannot predict the future that far in advance. Scaling the block limit is not a long-term (decades long) solution. Instead, he would increase the block limit to some arbitrary even number (probably eight), make it static and large enough to buy some years. Then he'd fork again down the road if network demand dictated and as additional solutions presented.

However, with the current regulatory squeeze and with businesses becoming frustrated over the core team's inaction, if we wait just a little longer, it won't be necessary to scale because network growth will enter a reversal/dying phase.