Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
VeritasSapere
on 27/12/2015, 17:08:23 UTC
Bitcoin unlimited does have a blocksize limit in practice. It just changes how this limit is decided upon. Instead of the blocksize limit being decided upon by a centralized development team, which is akin to centralized economic planning and obviously flawed, the blocksize limit is determined by the market, miners and users collectively. I believe this does solve the dilemma of governance related to the blocksize issue and possibly other issues in the future as well.
Care to elaborate?
Quote from: Peter R
There exists a natural game-theoretic block size limit.
Quote from: Lauda
There exists a natural place where unicorns live.
I've said it. Does that mean it is true? Should I write a paper to confirm it? His words were obliterated by others long ago.
This is being discussed extensively in this thread:

https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-200


You are welcome to join us in there and we would love to hear your constructive criticisms, through this process we can all improve our understanding of the Bitcoin protocol. To start you off I would specifically recommend you to read these two papers which empirically attempt to prove that this game-theoretic block size limit does exist.

http://www.bitcoinunlimited.info/1txn
https://scalingbitcoin.org/papers/feemarket.pdf

It should be obvious that the theories underpinning Bitcoin Unlimited are not just based on hearsay, there has been extensive and quality discussion on this subject for some time now and scientific research is being carried out. Please try and have some more respect for your ideological opponents, engage in constructive criticism instead of baseless accusations, insults and ad hominem. It is only through rational discussion that we can move forward from this impasse.