Quote from: mr angry on February 03, 2018, 04:07:11 PM

Quote from: junoreactor on January 31, 2018, 08:38:54 AM

Quote from: Jet Cash on January 19, 2018, 12:12:30 PM

I read an interesting theory that Bitcoin was started by the US treasury, and that it was an experiment to help them design a new world currency. They saved the output from the first year's mining to help them control prices later down the line. It's starting to look as if Bitcoins are being removed from the market, and this is a good omen for long term price trends. It will mke it unusable as a payment method though, except for large transactions of course.

This would explain the block size of 1 MB then. By reading the original paper and Satoshi's old posts, I am still not sure why the block was not made bigger from the beginning, unless what you say is true.

There wasn't a one MB block size limit in the beginning. Bitcoin had an effective block size of 32 MB in the beginning. Satoshi changed it to one MB in the summer of 2010.

https://en.bitcoin.it/wiki/Scalability_FAQ
--snip--

Also worth noting:

Quote from: gmaxwell on September 08, 2013, 09:19:19 AM

--snip--. It changed in several steps, first the size of blocks it would create was limited, then the rule was changed to limit the actual size after a particular height. Later the old code was removed.--snip--

And some other good reads in 2010, just for fun. Wink

https://bitcointalk.org/index.php?topic=287.0
https://bitcointalk.org/index.php?topic=1347.0