Post
Topic
Board Development & Technical Discussion
Re: bitcoin "unlimited" seeks review
by
iCEBREAKER
on 03/01/2016, 03:41:51 UTC
the social contract (SHA256 PoW, 10 minute solution target, 21e6 emission, 1MB max block, pay-for-priority) cannot change one iota without alienating a dominant plurality of the socioeconomic majority's critical mass.

If indeed it is true that 1MB4EVA is part of Bitcoin's social contract, and indeed anything changed in the social contract will alienate the dominant plurality of the socioeconomic majority's critical mass, then you can go back to sleep, as BU presents no risk to you.

But your being here, expending effort in arguing against BU, is an indication that you are afraid that your assertions are incorrect.

If the economic majority does not agree to some new limit, then any fork based upon that limit will die. It requires an economic majority to sustain any fork.

I can only speak for myself, but I do agree with you that there are certain attributes that I feel are sacrosanct -- without which I would divest.

However, I do not agree that 1MB4EVA is even remotely part of these fundamental principles. Further, it seems you've lost that battle even amongst the majority of those that oppose a simple maxblocksize increase at this point in time.

Must suck. Sorry.

I can't wait to see BU (fail to) deal with 16/32MB blocks trollishly construed so as to take hours or days to verify.   Wink

BU doesn't need little old *me* to argue against it.  It's already been properly #R3KT by the socioeconomic majority, as expressed by the 99.9% of miners that support small blocks.

What you ridicule and denigrate as "1MB4EVA" is actually a beneficial outcome of Bitcoin's conservative/reactionary approach to preserving (at all costs) its fundamentally diffuse/diverse/defensible/resilient network.

1MB may change, should it prove to be an insurmountable impediment to growth or stubbornly problematic for maintaining status quo.

But "Z0MG I REALLY REALLY REALLY REALLY WANT TO!1!11!" isn't a good enough reason to pick some other magic number/algorithm, no matter how much you wish that constant to be changed Right Fucking Now.  Sorry, not tonight dear!

Must suck to be deep in the red on those BTC for which you paid $800.  Tongue