Post
Topic
Board Development & Technical Discussion
Re: Funding of network security with infinite block sizes
by
Qoheleth
on 06/04/2013, 04:07:02 UTC
I completely disagree. Think how easily this issue could have been solved if in 2009 Satoshi implemented a rule such as Jeff suggests here:

Quote
My off-the-cuff guess (may be wrong) for a solution was:  if (todays_date > SOME_FUTURE_DATE) { MAX_BLOCK_SIZE *= 2, every 1 years }  [Other devs comment: too fast!]  That might be too fast, but the point is, not feedback based nor directly miner controlled.
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.
It's my impression that the 2009 Satoshi implementation didn't have a block size limit - that it was a later addition to the reference client as a temporary anti-spam measure, which was left in until it became the norm.

Is this impression incorrect?