Post
Topic
Board Development & Technical Discussion
Re: How a floating blocksize limit inevitably leads towards centralization
by
jgarzik
on 22/02/2013, 01:17:50 UTC
What changed in your understanding of marketing during the last three years?

https://bitcointalk.org/index.php?topic=1347.msg15145#msg15145

I'm glad you asked Smiley

Being the person who actually posted a faux-patch increasing the block size limit, it is important to understand why I disagree with that now...  it was erroneously assuming that the block size was the whole-picture, and not a simple, lower layer solution in a bigger picture.

The block size is an intentionally limited economic resource, just like the 21,000,000-bitcoin limit.

Changing that vastly degrades the economics surrounding bitcoin, creating many negative incentives.