Author: Hector Chu 2015-08-03 08:31:23
Published on: 2015-08-03T08:31:23+00:00
The discussion revolves around the issue of block size in Bitcoin. Eric Lombrozo highlights two incidences where manual intervention and cooperation were needed to resolve consensus disagreements. He argues that increasing block size cannot solve the problem and may even make it worse. He suggests prioritizing fixing issues that can lead to these incidents over increasing throughput. Hector Chu asserts that the block size issue is political and affects all users, not just technically inclined ones. He believes that most users prefer a hit to node count in the short term rather than making transactions expensive and competitive. He also emphasizes the need for faith in the system's ability to readjust after the move to big blocks while maintaining decentralization and trustlessness. The incentives of Bitcoin will continue to guide the decentralized decision-making of miners, merchants, and users.
Updated on: 2023-06-10T18:02:43.480406+00:00