The Block Size Drama Continues into 2016 as New Arguments Emerge
The block size debate has had its ups and downs the past few months and really heated up again in December. After the Scaling Workshop event in Hong Kong, many people thought that consensus was getting closer. A new plan called the Segregated Witness concept intrigued a lot of people, and it seemed the community liked the idea. However, things have....
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Fresh out of jail on bail for embezzlement, disgraced Mt. Gox CEO Mark Karpeles poked fun at the Bitcoin community’s for their lack of resolution in the block size limit issue. Karpeles, in a tweet sent shortly after his release from jail, expressed his detachment from and disdain for the current state of Bitcoin, including a jab at the persisting one-megabyte block size limit debate: Block size limit still an issue, though drama has died down. The issue of whether or not to raise Bitcoin’s block size limit is a contentious one, responsible for a “splinter subreddit,” /r/btc, to emerge....
There seems to be no end in sight for the block size debate as the Bitcoin community continues to go around in circles trying to drive the same set of points home... The Bitcoin block size debate rages on. It has been almost a year since we started hearing the Bitcoin community fiercely contesting about whether to increase the bitcoin block size from the existing 1 MB or not. Both the sides have so far come up with some valid arguments, of which few are very convincing towards both the causes. Recently the “Jesus of Bitcoin”, Roger Ver wrote an article about why the Bitcoin block size....
The debate to increase the bitcoin block size from its current 1MB has been going on for quite some time now. Those who are calling for a larger limit say that the current size of the network can no longer handle the transactions efficiently with such a small block size. Some say that it should be increased to 20MB while others think that 8MB would suffice. According to lead bitcoin developer Gavin Andresen, the best solution to the limited transactions of the bitcoin network is to increase the maximum block size. He even pointed out that if solution isn't implemented right away, the....
Andreas Antonopoulos, the author of “Mastering Bitcoin,” urges the bitcoin community to ignore all the drama caused by scalability and the block size and focus on its continued strength and growing innovation. The renowned bitcoin advocate voiced his views on Trace Mayer’s Bitcoin Knowledge Podcast. Bitcoin’s technology is its most important feature, the author said, and the technology has fostered significant innovation. He pointed to TumbleBit, Lightning Networks, Segregated Witness, MimbleWimble and RSK as among the more important examples of the type of innovation bitcoin has fostered.....
The Bitcoin block size drama continues, as it has taken yet another interesting turn. Even though F2pool is considering removing their consensus support, the mining pool has also opened up their platform to feedback from individual miners regarding the 2MB block size increase. It is only due diligence to ask the opinion of the people who protect and secure the Bitcoin network every day. F2Pool Asks The Miners What They Think. Despite the Bitcoin block size debate going on for quite some time now, hardly anyone has ever considered asking the miners what they think. Nearly all of the focus....