[2016-08-24]Bitcoin Core Loses Support Amidst Lingering Scalability Issues

[WishICanTurnBackTime]

The Bitcoin ecosystem is divided into multiple camps. With the lingering scalability issues, and other proposals representing an immediate solution to this problem, there is an interesting mid shift taking place. As it turns out, the majority of miners is still supporting Bitcoin Core in the block size debate. But they are losing ground at a rapid pace.

http://www.newsbtc.com/2016/08/24/bitcoin-core-loses-support-amidst-lingering-scalability-issues/

[DooMAD]

The Bitcoin ecosystem is divided into multiple camps. With the lingering scalability issues, and other proposals representing an immediate solution to this problem, there is an interesting mid shift taking place. As it turns out, the majority of miners is still supporting Bitcoin Core in the block size debate. But they are losing ground at a rapid pace.

http://www.newsbtc.com/2016/08/24/bitcoin-core-loses-support-amidst-lingering-scalability-issues/

There seems to be a pretty glaring inaccuracy in the article.  It says:

and BIP 100 – which introduces 8MB blocks right away – are all seeing much less support.

But BIP 100 clearly states "Limit increase or decrease may not exceed 2x in any one step", so if it did increase, first it would be 2mb, then 4 and only then possibly 8.  Plus, it only happens if the majority of miners agreed to it.

That said, I still don't think BIP 100 is the right way to go.  It grants a little too much power to the miners, when we need more of a balance between miners and node operators.