📅 Original date posted:2015-08-03
📝 Original message:On 3 August 2015 at 09:16, Simon Liu <simon at bitcartel.com> wrote:
> Increasing the block size shouldn't be a problem for Chinese miners.
> Five of the largest - F2Pool, Antpool, BW, BTCChina, Huobi - have
> already signed a draft agreement indicating they are fine with an
> increase to 8 MB: http://www.8btc.com/blocksize-increase-2
There are two problems with this statement. Firstly we can not be doing
protocol design via political lobbying - this is not a scientific approach
and for sure leads to disaster; it is not the colour of the paint on the box,
it is the security of the system.
Secondly as I understand it the Chinese miners did this under duress
of threats of worse as a compromise beyond what they felt they could safely
cope with.
> With regards to China's international bandwidth, not only is intra-Asia
> capacity improving all the time, a major consortium cable FASTER is
> coming online Q2 2016.
That is good news.
Aadm
Adam Back [ARCHIVE] /
npub1ac…lswfj
2023-06-07 17:32:20
in reply to nevent1q…gttt
Author Public Key
npub1ac86vemj7ce5z8jyxt39rna3tvwql6xd30ha3vxcd6esysp23d9qrlswfjPublished at
2023-06-07 17:32:20Event JSON
{
"id": "3d79aa01a473c6f3e111d729c2f8ce4b4b0ffe08d78d801b427e625bcd98c639",
"pubkey": "ee0fa66772f633411e4432e251cfb15b1c0fe8cd8befd8b0d86eb302402a8b4a",
"created_at": 1686159140,
"kind": 1,
"tags": [
[
"e",
"cffce533907d183637b3b6f017c0882a6c0be1ca94c65db4a20ef6fee5ebd9c3",
"",
"root"
],
[
"e",
"5624fc092efca14ae6993fa757351fee43c901f6478d07c043fc080ace8f256e",
"",
"reply"
],
[
"p",
"f3e056e548ecd779cfbea56b1bf9eb9c26afb3780523aa0df2e58f34f4b1faee"
]
],
"content": "📅 Original date posted:2015-08-03\n📝 Original message:On 3 August 2015 at 09:16, Simon Liu \u003csimon at bitcartel.com\u003e wrote:\n\u003e Increasing the block size shouldn't be a problem for Chinese miners.\n\u003e Five of the largest - F2Pool, Antpool, BW, BTCChina, Huobi - have\n\u003e already signed a draft agreement indicating they are fine with an\n\u003e increase to 8 MB: http://www.8btc.com/blocksize-increase-2\n\nThere are two problems with this statement. Firstly we can not be doing\nprotocol design via political lobbying - this is not a scientific approach\nand for sure leads to disaster; it is not the colour of the paint on the box,\nit is the security of the system.\n\nSecondly as I understand it the Chinese miners did this under duress\nof threats of worse as a compromise beyond what they felt they could safely\ncope with.\n\n\u003e With regards to China's international bandwidth, not only is intra-Asia\n\u003e capacity improving all the time, a major consortium cable FASTER is\n\u003e coming online Q2 2016.\n\nThat is good news.\n\nAadm",
"sig": "794f6ea65f41e2bb7affc816b2c188c8f25e2cef2b724d52e928bc96cb3c77fbb7bccea7edf75da0ac0eb2cef1e1e1ec1284f7ffca8bc708af428868b11c533b"
}