Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
BTCtrader71
on 04/08/2014, 00:43:25 UTC

Jeff makes an argument that the block size should be a limited resource (akin to the 21 million limit) and that this will incentivize people to build layers on top of bitcoin. Perhaps experience will teach what was not obvious in the early days, which is that running into the transaction limit causes damage to bitcoin's utility that outweighs any benefit of encouraging "layers on top of bitcoin." His argument may or may not be correct, but it doesn't sound to me (a non programmer) to be some idiotic idea that is completely without merit. So here's my question: if the arguments put forth by Jeff in the above post do not stand the test of time, will the proponents of this idea will be too stupid to see it? Because if they CAN see it (and why wouldn't they?), then the problem will most likely be solved.

Sidenote: He also does not like feedback based methods, saying they can be easily gamed. It seems to me it would be easy to design a feedback based method that is prohibitively expensive to game. Just my initial reaction.