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@breathingdog Gavin’s proposal would increase max to 20MB, though the default max size would still be < 1 MB; miners would have to reconfig.
9) I’m in favor of increasing the max block size soon in order to give us breathing room to pursue other avenues of scaling Bitcoin.
8) Also, note that max block size is only a mandatory upper limit - miners can still choose to enact their own limits that are lower.
7) I don’t think the Core Developers should approach max block size from an economic standpoint, but rather let miners guide that market.
6) Note the purpose of a max block size: DoS protection. It was not enacted as an economic limit to drive a market for transaction fees.
5) The other options of scaling Bitcoin such as payment channels and side chains are simply not ready yet.
4) There are a variety of ways that this can be accomplished. However, increasing the block size is the most straightforward.
3) The key word in my opinion is “any.” That means that refusing to scale Bitcoin’s infrastructure to meet global demand is not an option.
2) In my opinion we should step back to Satoshi’s original statement: pic.twitter.com/dKif8xP214
1) It seems to me that the root cause of the block size debate is that we don’t have consensus on Bitcoin’s goal(s). https://t.co/skfVA74jSd
gavinandresen Looks like we need a new consensus rule on UTXO growth: gavinandresen.ninja/utxo-uhoh
@flyosity I always make life changing decisions based upon the opinions of strangers who likely lead completely different lives than me.