GreenAddress: Increasing Bitcoin's Block-size Limit is not Scaling; it's PivotingBitcoin wallet provider GreenAddress was always critical of raising Bitcoin's block-size limit. As one of the first in the space in May of this year, the European multisig-wallet and software company publicly opposed Bitcoin XT and Bitcoin Core developer Gavin Andresen's initial plans to increase the maximum block size.
Now, more than six months later, GreenAddress CEO Lawrence Nahum still holds firm, telling Bitcoin Magazine, “We are approaching this issue with an open yet conservative mind, and with the idea that first and foremost Bitcoin should be censorship resistant, and thus decentralized to achieve that. In the future it may be possible and healthy to increase the block size without compromising Bitcoin’s decentralization, but we're not convinced solutions such as BIP [Bitcoin Improvement Proposal] 101 fit the bill.”
The long-lasting block-size dispute, representing a trade-off between thenumber of transactions the Bitcoin network can handle and its decentralization, might be entering a decive month. A large segment of Bitcoin's academic and engineering community will discuss this and other issues at the upcoming Scaling Bitcoin workshop in Hong Kong on the 6th and 7th of December, while several prominent Bitcoin companies have stated they intend to change their code to allow for bigger blocks this month.
https://bitcoinmagazine.com/articles/greenaddress-increasing-bitcoin-s-block-size-limit-is-not-scaling-it-s-pivoting-1449088752
