Can Flexcaps Settle Bitcoin's Block Size Dispute?
The block size dispute, perhaps the first ever real political controversy within the Bitcoin community, has raged for years, with no clear long-term solution in sight. Seven relevant BIPs (Bitcoin Improvement Proposals) have been submitted that could increase the maximum block size in order to allow for more transactions on the Bitcoin network, and....
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Bitcoin wallet provider GreenAddress was always critical of raising Bitcoin's block-size limit. As one of the first in the space in May of this year, the European multisig-wallet and software company publicly opposed Bitcoin XT and Bitcoin Core developer Gavin Andresen's initial plans to increase the maximum block size. Now, more than six months later, GreenAddress CEO Lawrence Nahum still holds firm, telling Bitcoin Magazine, "We are approaching this issue with an open yet conservative mind, and with the idea that first and foremost Bitcoin should be censorship resistant, and thus....
Samson Mow is the Chief Operating Officer of Chinese Bitcoin exchange, wallet service and mining pool BTCC. A successful executive in the video game industry, Mow joined the Bitcoin company run by his friend and CEO Bobby Lee as an adviser last year, and has gotten further involved with the company ever since. Mow has actively engaged himself in the block size dispute over the past months. He played a key role in realizing both the Bitcoin Roundtable letter, as well as the Hong Kong Roundtable Consensus. But his real claim to fame in the Bitcoin space might actually have been a series of....
During the Scaling Bitcoin workshop held in Montreal a few weeks back, some suggestions to increase the block size limit from the current 1MB to 2-4MB were raised. Participants seemed to focus on Adam Back's 2-4-8 block size increase proposal, although notable developers appeared to support a smaller short-term bump in limits. Some discussions on the bitcoin-dev mailing list apparently revealed that some core developers are interested in a short-term fix. Scaling Bitcoin and Block Size Debate. Prior to this workshop, bitcoin developers and members of the community have been debating on....
A small tweak to bitcoin could have a big impact. This has been the central point of contention in bitcoin's "block size debate", a long-running dispute over whether to lift a hardcoded limit on the amount of data that can be included in each block of transactions. One side sees increasing the block size as an easy way to boost the number of transactions processed on the network, potentially expanding bitcoin’s user base. Those opposed to the move worry about the consequences (think centralization and instability) of such a change, or at least question the need to lift the block....
This week, bitcoin Jesus Roger Ver weighed in on the block size debate stating that the block size limit should be increased if it is technologically achievable. Specifically, Ver tweeted: The block size debate has been underway for some time now and a lot of developers including Bitcoin Core Developers and the Bitcoin community are getting exasperated with the current impasse. In addition, many developers are now spending a lot of time and money seeking alternative solutions. If every 1MB block were always full, it would take over 55 years to fill my new HD. Let's raise the block size....