Post
Topic
Board Development & Technical Discussion
Re: A Scalability Roadmap
by
jonny1000
on 06/10/2014, 18:54:59 UTC
Dear Gavin

Thanks for your reply.  When I said “Safer” I meant the risk that average bandwidth speeds grow less than historic rates in the future. I totally agree with you saying that reducing the block size limit would only be a soft fork, rather than the hard fork of increasing the limit, I hadn’t thought of that.  I guess you could be right, maybe the best option is to follow trends.

Raise the block size too slowly and you discourage transactions and increase their price.  The danger is Bitcoin becomes irrelevant for anything besides huge transactions, and is used only by big corporations and is too expensive for individuals. Hurray, we just reinvented the SWIFT or ACH systems.

This is a good point, however what about all the people like Andreas Antonopoulos, who constantly say things like, “Bitcoin is not a faster, cheaper more efficient way of shopping, thinking of it this way misses the point, its more than that, it’s a distributed platform for open, permissionless, trustless, blah blah blah…… innovation.”
This is also an interesting point of view and I think it would be good to somehow find a balance between this and faster cheaper transactions.  But I think you are right, somehow the block size limit needs to increase.
 
Yes I admit I was being lazy by saying doubling.  A normal home internet connection can easily keep up, however is there not a potential danger of block propagation times becoming larger, which also needs to be considered, at least now when IBLT hasn’t been “fully” implemented?