Post
Topic
Board Bitcoin Discussion
Re: The Blocksize Debate & Concerns
by
Lauda
on 30/06/2016, 05:36:27 UTC
Here is the bitcoin powerstructure:
Bitcoin Nodes = They are like the accountants of bitcoin , as they verify the integrity of the blockchain, and maintain the technical stability, they are rarely affected by the other 5, and mostly act as observers on these issues.

There are the 6 powers in bitcoin, and we need all of them. Centralization is not an option.
I really think that the controversial HF supporters either do not run nodes or are fine with Bitcoin being more centralized. There are already complaints of people who can't catch up on very inexpensive solutions, about reindex and synchronization taking long (even though libsecpk increased the speed drastically). Even if we are talking about a short period of time (let's say 1 year) and 1.75 MB blocks on average, we are talking about more than 90 GBs of space and that is just the start. IIRC there was a presentation (Scaling 2015?) about the possibility of a 'future' where new node users aren't able to catch up to the network with decent hardware(?).

The few Core technicians want to be the ultimate regulators who define what blocksize and fees are best for all other Bitcoin users and the network. Im pretty sick of all centralized regulations, it hardly brings anything good and just make the regulators very powerfull to define the fees and how many people can ever use Bitcoin, all by artifically setting blocksize limit parameter.
You are stating this out of subjective bias, because you want one thing and they want another one. Ultimately the network decides. If people wanted someone else to decide what is the better approach (yes, a 2 MB block size limit is also "centralized regulation" by your definition) then we you and almost everyone else would be using implementations like Classic.

Even if Peter R is wrong about the fee market (and I'm not saying he is), there's no reason for central planning decades in advance.  
You mean Peter R Charlatan who came out of nowhere with his "fancy graphics"? Roll Eyes