25 Feb '13, 6pm

#Bitcoin block size thoughts:

(a) I once posted a patch to change max block size, so I thought about this long before forum readers ever woke up to the issue, (b) I have since backed down from that radical position, (c) it seems likely that max block size will change sometime in bitcoin's future, (d) block size is VERY MUCH like bitcoin's 21M limit, so a lot of care must be taken when changing MAX_BLOCK_SIZE logic. Block size is an economically limited resource whose production is tightly defined and controlled by algorithm, with an intentionally steady production rate (the 1MB limit). (d.1) Nonewithstanding the major impacts of a hard fork, in and of itself . (e) I lean against solutions that are feedback-based (average of last 1000 block sizes, etc.), as they can be gamed too easily (f) implementation will likely be: if (now > chosen hard fork future date) { do it } (g) my default rhetorical position...

Full article: http://garzikrants.blogspot.com/2013/02/bitcoin-block-siz...

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