Re: Things are happening behind closed doors, very important for Bitcoin things.
I'm not sure if your being sarcastic or not, I was under the impression the cap was always 1MB and set by Satoshi himself.
Your impression is incorrect, possibly because the idea that the 1 MB cap has always been present has been deliberately fostered by some people with agendas upon which I can only speculate.Prior to September 2010 there was no protocol limit on block size, and Satoshi's email messages clearly indicated that he intended the network to scale to very large blocks in the future. MAX_BLOCK_SIZE was added as a temporary anti-spam rule and was always intended to be raised in the future when the network was capable of handing it and needed the extra capacity.
Those who say the limit was always present as a deliberate economic rule are dissembling.
https://bitcointalk.org/index.php?topic=153330.msg1636427#msg1636427
http://www.mail-archive.com/cryptography@metzdowd.com/msg09964.html
There are a number of interesting elements of the bitcoin code which doesn't make sense to someone who just reads the forums.
I know the transaction limit is throttled, and I would guess a number of other elements of the scaling that we are currently discussing is more about power than technology.
Read the original paper, the mail archive and the wiki carefully, and a totally different picture of the potential of bitcoin emerges - one that could easily be a worthy alternative to the global credit card market.
However, taking your investment advice from a few very vague comments on a forum without other info seems stupid!
