📅 Original date posted:2015-08-10
📝 Original message:On Fri, Aug 7, 2015 at 1:33 PM, Jorge Timón <jtimon at jtimon.cc> wrote:
>
> On Aug 7, 2015 5:55 PM, "Gavin Andresen" <gavinandresen at gmail.com> wrote:
> >
> > I think there are multiple reasons to raise the maximum block size, and
> yes, fear of Bad Things Happening as we run up against the 1MB limit is one
> of the reasons.
>
> What are the other reasons?
>
> > I take the opinion of smart engineers who actually do resource planning
> and have seen what happens when networks run out of capacity very seriously.
>
> When "the network runs out of capacity" (when we hit the limit) do we
> expect anything to happen apart from minimum market fees rising (above
> zero)?
> Obviously any consequences of fees rising are included in this concern.
>
It is frustrating to answer questions that we answered months ago,
especially when I linked to these in response to your recent "increase
advocates say that not increasing the max block size will KILL BITCOIN"
false claim:
http://gavinandresen.ninja/why-increasing-the-max-block-size-is-urgent
https://medium.com/@octskyward/crash-landing-f5cc19908e32
Executive summary: when networks get over-saturated, they become
unreliable. Unreliable is bad.
Unreliable and expensive is extra bad, and that's where we're headed
without an increase to the max block size.
RE: the recent thread about "better deal with that type of thing now rather
than later" : exactly the same argument can be made about changes needed
to support a larger block size-- "better to do that now than to do that
later." I don't think either of those arguments are very convincing.
--
--
Gavin Andresen
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Gavin Andresen [ARCHIVE] /
npub1s4…d44kw
2023-06-07 15:46:00
in reply to nevent1q…u5ml
Author Public Key
npub1s4lj77xuzcu7wy04afcr487f0r3za0f8n2775xrpkld2sv639mjqsd44kwPublished at
2023-06-07 15:46:00Event JSON
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"content": "📅 Original date posted:2015-08-10\n📝 Original message:On Fri, Aug 7, 2015 at 1:33 PM, Jorge Timón \u003cjtimon at jtimon.cc\u003e wrote:\n\n\u003e\n\u003e On Aug 7, 2015 5:55 PM, \"Gavin Andresen\" \u003cgavinandresen at gmail.com\u003e wrote:\n\u003e \u003e\n\u003e \u003e I think there are multiple reasons to raise the maximum block size, and\n\u003e yes, fear of Bad Things Happening as we run up against the 1MB limit is one\n\u003e of the reasons.\n\u003e\n\u003e What are the other reasons?\n\u003e\n\u003e \u003e I take the opinion of smart engineers who actually do resource planning\n\u003e and have seen what happens when networks run out of capacity very seriously.\n\u003e\n\u003e When \"the network runs out of capacity\" (when we hit the limit) do we\n\u003e expect anything to happen apart from minimum market fees rising (above\n\u003e zero)?\n\u003e Obviously any consequences of fees rising are included in this concern.\n\u003e\nIt is frustrating to answer questions that we answered months ago,\nespecially when I linked to these in response to your recent \"increase\nadvocates say that not increasing the max block size will KILL BITCOIN\"\nfalse claim:\n http://gavinandresen.ninja/why-increasing-the-max-block-size-is-urgent\n https://medium.com/@octskyward/crash-landing-f5cc19908e32\n\nExecutive summary: when networks get over-saturated, they become\nunreliable. Unreliable is bad.\n\nUnreliable and expensive is extra bad, and that's where we're headed\nwithout an increase to the max block size.\n\nRE: the recent thread about \"better deal with that type of thing now rather\nthan later\" : exactly the same argument can be made about changes needed\nto support a larger block size-- \"better to do that now than to do that\nlater.\" I don't think either of those arguments are very convincing.\n\n\n-- \n--\nGavin Andresen\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150810/fe3f5aaa/attachment-0001.html\u003e",
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