The 20 MB Miner War That Could Destroy Bitcoin

[Beliathon]

The issue of Bitcoin block size is coming to a head within a matter of days.
Could a battle over block size between Western businesses and Eastern
miners leave Bitcoin in danger of self-destruction?

No. There are approximately four billion incentives for bitcoin to not implode. Any other questions?

[Klestin]

The blocksize limit itself is the problem. Simply remove the limit and let blocks be as big or small as necessary. We certainly won't be needing anything over 1 mb for the next year or 2, so amping it up to 20 mb is idiotic.

20MB is "idiotic" because we won't need it for the next year or 2, but removing the limit is good?  I think this can only make sense if you've incorrectly understood the proposed change.  20MB is an upper limit, not a minimum size.  Blocks will continue to be only as large as they need to be, just as they are today.  When we run into a block which needs to be more than 1MB, the new code will allow it. 

[Klestin]

It's not just few TB disks, when you multiply it by a number of rigs they have

Why on Earth would they store the block chain on each rig?  They, of course, would not.  It really is just a few TB disks.  The storage cost is entirely inconsequential.

[Xialla]

It's not just few TB disks, when you multiply it by a number of rigs they have

Why on Earth would they store the block chain on each rig?  They, of course, would not.  It really is just a few TB disks.  The storage cost is entirely inconsequential.

yes, I thought the same. anyway is mentioned above and I can sign it:

they are calculating every penny,

[Gleb Gamow]

chinese miners are so heavily invested and depended on bitcoin, that they will not shoot to their own legs..at least I hope, that they are smart enough.

Chief Coders: Implement the following draconian changes.
Miners: We no like, so we will fork.
Chief Coders: Your call! Implement, and we all win; Fork, and we all lose.
Miners: You're fuckin' lucky we're ONLY in this for the money, damning any ideals.
Chief Coders: Nice, miners. Here's a bone.

[spazzdla]

Seems like 8MB and side chains is the way we will be going.

[FloodZone]

it's all about money. no matter where the miners comes from, they are looking for profit. no one wants to destroy bitcoin while they can make good money.

Well I guess it's not that they want to destroy it, right?

[Kprawn]

it's all about money. no matter where the miners comes from, they are looking for profit. no one wants to destroy bitcoin while they can make good money.

Well I guess it's not that they want to destroy it, right?

You cannot kill the cow you are milking, but you can suggest changes to the equipment doing the milking to increase your chances to milk more than your competitors.

Some people will milk the cow until it starts to bleed... for them it's all about profit... they do not care about the cow.

They use their poor internet infrastructure and their government as a excuse, to justify changes to suite their situation.. They do not want to understand, that within a free market, everything goes. {The guy with the bigger guns, win}

The change will be done, with or without them..... They have the option to choose, when a fork happens.

The suggestion they have made, is also the option I would take, because it just make sense. {Do small changes, before bottlenecks are anticipated}

[12inchdick]

it's all about money. no matter where the miners comes from, they are looking for profit. no one wants to destroy bitcoin while they can make good money.

Well I guess it's not that they want to destroy it, right?

You cannot kill the cow you are milking, but you can suggest changes to the equipment doing the milking to increase your chances to milk more than your competitors.

Some people will milk the cow until it starts to bleed... for them it's all about profit... they do not care about the cow.

They use their poor internet infrastructure and their government as a excuse, to justify changes to suite their situation.. They do not want to understand, that within a free market, everything goes. {The guy with the bigger guns, win}

The change will be done, with or without them..... They have the option to choose, when a fork happens.

The suggestion they have made, is also the option I would take, because it just make sense. {Do small changes, before bottlenecks are anticipated}

That makes perfect sense to me.