No Blocksize Increase Needed for Years, Argues Bitcoin Core Dev
A Reddit discussion on increasing the bitcoin block size clarified why many are opposed to the bitcoin hard fork. A poster asked Bitcoin Core developers to explain their vision on increasing the block size. The poster claimed to be “very strongly anti-Bitcoin Unlimited (BU) but mildly in favor of bigger bitcoin blocks. BU has been proposed as a solution to scaling the bitcoin network that will hard fork the bitcoin blockchain. “Please, educate me on your view as to if the max block size should ever change, if not why not, if yes how,” the poster asked. Block Size Change Needed. In....
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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....
Haipo Yang, ViaBTC’s founder and former employee at the Chinese internet giant Tencent, expressed strong criticism in a brief interview with CCN towards Luke-Jr, a Bitcoin Core developer and Blockstream contractor, regarding his proposal to reduce the blocksize to 300kb or, alternatively, for the network to wait another 7 years before an increase of the current 1MB transaction capacity. Yang says: “If we change the block limit to 300KB now, the bitcoin system will crash. He, as the core developer of Bitcoin, [is] very irresponsible to do this.” Luke-jr did not respond to our requests for....
A mood of resignation prevails across the bitcoin space as a viciously years-long debate that has taken the reputation of so many and the time and focus of all, seemingly, comes to an end. Eric Mu of HaoBTC, one of the most influential, if not the decisive, mining entity in the blocksize debate, stated today that most miners did not care about the blocksize question and those who do can easily collude/conspire, are easily alienated or cajoled or…. much more shockingly, are intimidated. Miners, from remote parts of China, were outed at the “scaling workshop” held during winter 2015 when....
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....
Bitcoin Core has announced the release of a new update, Bitcoin Core 0.12.1. Focusing on scalability, this follows the “Capacity Increases Roadmap” they detailed December 23rd of last year, with Aprils focus to “deploy segregated witness (including Blocksize increase)” according to the table taken from the Bitcoin Core website below. The release comes during a contentious time for Bitcoin as there are multiple side of an ongoing debate to increase the block size from 1 mb to 2 mb or larger. Multiple changes have been detailed that laid groundwork for the Lightning Network, a scalable....