#ordisrespector
Small blockers also believed full blocks were inevitable anyway. After all, if blockspace was available, why not use it up? Anyone could store anything they liked in the blockchain, for instance their music collection or encrypted documents. Demand for cheap, highly-replicated storage was essentially unbounded, they argued. Asking for the limit to increase above expected demand was therefore nonsense. Indeed, one person could easily fill all the space up themselves. The retort to this point from the larger blockers circled back to the mining incentive argument; miners would not do this, they claimed, miners would not let this amount of data in the blocks. In addition to this, large blockers argued that blocks had not been full in the first five years of Bitcoin, a characteristic which they said contributed to its success. Why would anyone want to make the risky move of changing that now?
- The Blocksize War Ch.2 March to War
https://blog.bitmex.com/the-blocksize-war-chapter-2-march-to-war/
Gildong.Hong
npub1yt…rt58k
2023-08-04 11:39:37
Author Public Key
npub1ytwcmu0768dz2axyj9c5dkfaedne2jdwatv0nr9m4utx6xpkv2ksfrt58kPublished at
2023-08-04 11:39:37Event JSON
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"content": "#ordisrespector\n\nSmall blockers also believed full blocks were inevitable anyway. After all, if blockspace was available, why not use it up? Anyone could store anything they liked in the blockchain, for instance their music collection or encrypted documents. Demand for cheap, highly-replicated storage was essentially unbounded, they argued. Asking for the limit to increase above expected demand was therefore nonsense. Indeed, one person could easily fill all the space up themselves. The retort to this point from the larger blockers circled back to the mining incentive argument; miners would not do this, they claimed, miners would not let this amount of data in the blocks. In addition to this, large blockers argued that blocks had not been full in the first five years of Bitcoin, a characteristic which they said contributed to its success. Why would anyone want to make the risky move of changing that now?\n\n- The Blocksize War Ch.2 March to War\n\nhttps://blog.bitmex.com/the-blocksize-war-chapter-2-march-to-war/",
"sig": "e3d9e37f6a8da4395548ad9672afc997d33d2b0056442d9833bcd62ff61d01b908d4d6a51e453b7975911db46341b70f324acea74304e4f0354c1330ae536f60"
}