Gavin Andresen: ‘Nothing Bad’ in Removing Blocksize Limit
In the midst of Bitcoin’s price rise and the dramatic flash crash of DAO and Ether, Core developer Gavin Andresen took to Reddit voicing his support for an unlimited blocksize increase. Blocksize Increase: ‘Nothing Bad Will Happen’. The comments were made in response to concerns about an increase to 2MB by longstanding r/btc subreddit user u/Pool30. “I....
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There have been a few proposals to increase the maximum blocksize in Bitcoin over the past year, but the two plans that are garnering the most attention right now are Jeff Garzik's BIP 100 and Gavin Andresen's BIP 101. While Andresen has already implemented his plan in BitcoinXT, Garzik is still working on a formal write-up and the code for BIP 100. Andresen shared his thoughts on BIP 100 via an interview on Epicenter Bitcoin. Although he did not seem completely dismissive of the proposal, it's clear that he would prefer to go with his own idea for increasing the blocksize, which would....
Gavin Andresen recently added some new commits to Bitcoin Core on GitHub, thus continuing with his work on the original Bitcoin protocol. This work may raise some eyebrows, considering Core is a direct competitor with Bitcoin Classic on scalability, of which Andresen happens be to a lead developer. Gavin Andresen has been outspoken in his support for....
Bitcoin never had a clear future, but it looks even cloudier in the midst of the unpleasant, yet weirdly magnetic, blocksize debate. The debate, which eats up /r/Bitcoin, has led to the meta question of Bitcoin “governance” - a buzzword that sums up the question: What happens when developers and stakeholders don't agree? What's the best process to address this? Gavin Andresen, who has a unique perspective on the topic as Bitcoin's former lead developer, joined Epicenter Bitcoin for a conversation on just that. The podcast took on the meta-meta-question of defining “governance” and zeroing....
Gavin Andresen proposes a roadmap for scaling Bitcoin. On October 6, Gavin Andresen, Chief Scientist at Bitcoin Foundation proposed a roadmap for overcoming challenges to scaling Bitcoin. Andresen suggests rolling out a hard fork that increases the maximum block size limit to enable Visa scale transaction volumes of about 3,000 transactions per second. The maximum block size is currently hardcoded at 1MB enabling 7 transactions per second, and if increased would have to be carefully chosen so that anybody with a reasonably fast computer and internet connection can run a full node else we....
In a recent e-mail to the Bitcoin core development mailing list, Gavin Andresen described the "worst of all possible worlds" for Bitcoin as being "no plan for how to scale up." Andresen appears to believe still that scaling is Bitcoin's only obstacle at the moment, regardless of how that must be achieved. If a fork to Bitcoin-XT is required, it seems that Andresen and others are willing to go along with that. Scaling seems to be on the minds of many core developers. Developers aside from Andresen, however, don't feel that the problem is as urgent as it's made to seem. Recently on Reddit,....