Post
Topic
Board Bitcoin Discussion
Re: Konrad S. Graf finally weighs in on the Bitcoin block size debate
by
Barbut
on 04/05/2016, 16:54:39 UTC
So Bitcoin.com just published an interview with Konrad S. Graf (https://news.bitcoin.com/konrad-graf-bitcoin-block-size-economy/). He's very well respected in this community for his economic/historical work on the origin of Bitcoin's value, so I think his views on the block size are important. Apparently, he views the 1 MB limit as something similar to a government-mandated output ceiling, and that it disrupts a block size 'free market,' so to speak. What do you guys think?

The potential for abuse without a block-size limit is too high, if the block size limit is removed, then it will be the end of all chains that adopted the removal.

It is possible, in a system whereby there are billions/trillions of clients or more, to remove the block size limits, and simply let non-full node clients connect to whatever is the most popular network out there, and this may have been Satoshi's final intent.

It is however, far too early for this to happen. What is needed right now is a dynamic block size limit, that expands using a predictive model of the same function which models the minimum increase in network bandwidth over time around the world.

For  me as amateur this is very simple  and helpful explanation. You cleared up some things that confused me before about block size.
I see logic  in your explanation and good side of limited block size.  I hope everything will end up in best positive way for bitcoin.