Hardfork, the best thing that happened to Bitcoin since scaling debate started by
on
06/08/2017, 06:34:40 UTC The Debate Has Mostly Been About DecentralizationThere are good people on both sides of the debate, and I think that most of them simply support the plan that they believe will keep Bitcoin decentralized.
The small-block camp says that if we make blocks too large, then only huge data centers will be able to run nodes, which are then easily coerced and controlled by governments.
The big-block camp says that if we keep blocks small, Bitcoin will become a settlement layer. Ordinary users will be priced out of making direct blockchain transactions, and will be forced to use corporate banking solutions complete with AML/KYC requirements.
Both of these situations would obviously be bad and should be avoided if possible. So how do we do that? How do find the healthy middle ground and avoid the perils of centralization on both ends?Read more...