📅 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 15:44:41
in reply to nevent1q…egaq
Author Public Key
npub1ac86vemj7ce5z8jyxt39rna3tvwql6xd30ha3vxcd6esysp23d9qrlswfjPublished at
2023-06-07 15:44:41Event JSON
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"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",
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