Hello professionals,
I am amatour but I know that Satoshi created Bitcoin with Blockchain size like 32 MB.
1. Who and why changed it to 1 MB ?
2. Why can`t we back to 32 MB ?
Satoshi programmed bitcoin to be mined at 1 mb during its launch and it will increase as bitcoin is developing over the years. It means that the more users bitcoin has the blocksize will increase. But the problem is that satoshi left bitcoin behind leaving it to other developers who does not have the same views as him. Thus today the intended blocksize did not happen but instead it remained the same. Other reasons is that 1 mb blocksize is still good even today and the only problem is not on the blocksize but the spam attacks on blockchain.
Our Dev is very concerned about Segwit.
BTW- I asked him to integrate Segwit into KORE and he refused.
Here is our conversation:
[12:36 AM] MikeMike: Geeez if I only understood this earlier regarding segwit!
[12:36 AM] KOREWDev: Hahaha
[12:36 AM] MikeMike: All they had to do was increase the block size a tiny bit
[12:37 AM] KOREWDev: It's incredibly dangerous and notice how when engineers have pointed out these flaws they are completely hand waved
[12:37 AM] MikeMike: Is there any special things segwit could do?
[12:37 AM] MikeMike: seems to me adding segwit is deviating from Satoshi
[12:38 AM] KOREWDev: The very nature of segwit is bankster oriented
[12:38 AM] MikeMike: how so?
[12:38 AM] KOREWDev: They could potentially start creating unlimited coins offchain and selling them for real bitcoin!
[12:39 AM] MikeMike: Why has this information not been made public?(edited)
[12:40 AM] KOREWDev: The cryptography behind all this should have started as a coin in and of itself then if it was that "good" it would naturally surpass bitcoin .
But instead they are forcing it down our throats
[12:40 AM] KOREWDev: It is public information
[12:40 AM] KOREWDev: But remember that post of mine you saw on bitcointalk?
[12:40 AM] KOREWDev: Remember how the shills tried to drown out my questions?
[12:41 AM] KOREWDev: That's how they are doing it
[12:41 AM] MikeMike: I know a hacker who went to work on the core dev team.
[12:41 AM] MikeMike:__________ is last name
[12:42 AM] MikeMike: I wonder if he is behind this at all and what his opinions are on it.
[12:42 AM] KOREWDev: In every forum , in every discussion, people are being paid to hype segwit yet they do not know how dangerous it really is.
[12:43 AM] MikeMike: What do you recommend?
[12:43 AM] KOREWDev: Think on it , me and you see bitcoin, we spend 100 million to buy people and influence, 5 years later we control a multi billion dollar industry, not a bad return right ?
[12:44 AM] KOREWDev: I have recommended simply reverting to the original block size Satoshi intended
[12:44 AM] MikeMike: Which was?
[12:44 AM] KOREWDev: 32 MBg!
[12:45 AM] MikeMike: so why not go to 4?
[12:45 AM] MikeMike: What happened to people in the core dev team for bitcoin?
[12:45 AM] MikeMike: How could they put something like this together?
[12:46 AM] KOREWDev:
https://bitcointalk.org/index.php?topic=1835653.0[12:46 AM] KOREWDev: They are being influenced by big money and huge egos
[12:48 AM] KOREWDev: IMO reverting to 32 MB would ensure that no further argument would arise
[12:48 AM] MikeMike: So once segwit is activated a future release cannot take it out?
[12:48 AM] KOREWDev: we would simply be using blocks in their natural intended form
[12:48 AM] KOREWDev: It would be impossible
[12:49 AM] MikeMike: So 32 mb is scaling then. Only uses what it needs. spam attacks could increase.
[12:49 AM] KOREWDev: those transactions made and processed while it was there would require segwit to always be a part of the code
[12:49 AM] KOREWDev: LOL
[12:49 AM] KOREWDev: considering the cost of spamming 32MB
[12:50 AM] KOREWDev: they would actually die down
[12:50 AM] KOREWDev: it's easy to fill a 1 MB block and cheap too
[12:50 AM] MikeMike: banksers have unlimited funds
[12:50 AM] KOREWDev: try paying the TX fee for just one day of spamming blocks
[12:50 AM] KOREWDev: NOPE
[12:50 AM] KOREWDev: even they would feel the sting
[12:50 AM] KOREWDev: remember ,, the fee is not paid in USD
[12:50 AM] KOREWDev: it's paid in BTC(edited)
[12:51 AM] KOREWDev: :smiley:
[12:51 AM] MikeMike: Would you mind if I made a post in that thread and c/p our conversation?
[12:52 AM] KOREWDev: No, i do not mind
[12:52 AM] KOREWDev: though trust me, no one will really listen
[12:52 AM] KOREWDev: we've been at this for years
[12:55 AM] KOREWDev: 32 MB every ten minutes in negligible
[12:55 AM] KOREWDev: and would take a very long time to saturate
[12:56 AM] KOREWDev: By then the price of Bitcoin will be such that people buy their coffee with alts and store their savings as BTC
MikeMike