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Author Topic: "That is a very good reason to oppose increasing the max block size" G.Andresen  (Read 1624 times)
manselr
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May 10, 2015, 09:39:56 PM
 #21

So is Gavin back pedaling? Satoshi predicted that technology advancements would cather for problems like this in the future anyway.
tvbcof
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May 10, 2015, 09:54:18 PM
 #22

So is Gavin back pedaling? Satoshi predicted that technology advancements would cather for problems like this in the future anyway.


So?  Whoever Satoshi is (or the Satoshis are) they put their pants on in much the same way as anyone else.  There is a potential for he/her/them to be wrong about or mis-estimate certain things.

Beyond that, it is not perfectly clear what the motivation for Bitcoin actually was.  It remains a viable hypothesis that Bitcoin was designed from day one to be a psychological operation with the goal of either habituation people to a train of though, cutting off more threatening developments, or some other less obvious goal.

I personally don't favor this hypothesis vs. the null hypothesis, but I entertain it as possible yet.  My favored hypothesis at this point is that Satoshi is/was an individual much like 'Dorian' (and probably is Dorian) and that things are not much more complex than that he/she/they had fairly straightforward goals for the project and that they are more or less as commonly understood.  Also, to the point, that he/she/they did not have any sort of super-human command over all of the factors associated with something which fits into Bitcoin's sphere of influence (economic, technological, code implementation, etc.)


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May 10, 2015, 10:08:51 PM
 #23

It is very hard to say what Satoshi's motivation was. What is relevant today is that if Bitcoin is to scale then increasing the maximum blocksize is a must.

To place things into perspective, credit cards valid at multiple merchants started in the 1940's and 1950's. http://inventors.about.com/od/cstartinventions/a/credit_cards.htm. The 1 MB blocksize limit in Bitcoin is equivalent to limiting the credit card industry in perpetuity to the data processing technology of the time; namely tabulating machines and punch cards. Does anyone realistically believe that VISA could process anything close to their current transaction volume if they were limited to the technology of the 1940's?

Edit: If Bitcoin does not step into this market somebody else will.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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