Post
Topic
Board Development & Technical Discussion
Re: Funding of network security with infinite block sizes
by
justusranvier
on 06/04/2013, 03:51:59 UTC
Satoshi also intended the subsidy-free, fee-only future to support bitcoin.  He did not describe fancy assurance contracts and infinite block sizes; he cleared indicated that fees would be driven in part by competition for space in the next block.

Unlimited block sizes are also a radical position quite outside whatever was envisioned by the system's creator -- who cleared did think that far ahead.
Appeal to authority: Satoshi didn't mention assurance contracts therefore they can not be part of the economics of the network
Strawman argument: The absence of a specific protocol-defined limit implies infinite block sizes.
False premise: A specific protocol-defined block size limit is required to generate fee revenue.