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90 2018-11-18T16:17:30 <StayCool> Hello. I was wondering what the Bitcoin devs think of the current blocksize limit on Bitcoin, should it stay at 1mb, get lowered or get increased? Perhaps it does not matter, as lightning network seems to be a great scaling solution. I was curious if there were any plans of adjusting the blocksize, and what the devs think now, one year later after BCH forked off. Thought this was the best place to ask, hope you dont mind :)
91 2018-11-18T16:19:19 <StayCool> I guess there is mixed opinions regarding blocksize for the devs, but perhaps there is concencus regarding it?
92 2018-11-18T16:21:29 <ghost43> there is no consensus for changing it, hence it is unlikely to change.
93 2018-11-18T16:23:46 <StayCool> I see. I think i remember that the devs said that it's a long term plan to increase the blocksize last year, but perhaps this has changed and the blocksize wont get increased ever
94 2018-11-18T16:25:02 <ghost43> well technically it was already increased from 1 MB to 4_000_000 wu as part of segwit
95 2018-11-18T16:26:24 <StayCool> That's true.
96 2018-11-18T16:28:07 <esotericnonsense> StayCool: I think we'd see realistic proposals for raising it if we had an actual problem it would solve.
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98 2018-11-18T16:28:48 <esotericnonsense> StayCool: for example, if LN becomes widely used, we know that the cap on total users is lower than 'everyone in the universe'.
99 2018-11-18T16:29:52 <esotericnonsense> at that point, and considering the improvements in bandwidth/CPU/etc by then I think most would consider it reasonable to raise a bit
100 2018-11-18T16:31:49 <esotericnonsense> at the moment, raising the block size simply so that more crap can go in at low feerates would be like buying a bigger house because you've filled a few rooms with shit, except worse because the shit is offloaded on everyone else.
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102 2018-11-18T16:39:13 <esotericnonsense> 128MiB block size is an amusing example to conceive of, just for fun.
103 2018-11-18T16:40:43 <esotericnonsense> i have ~ 12T of storage. this is a ridiculously outlying case, i don't know anyone else who has anything close to that other than commercial businesses and the odd datahoarder.
104 2018-11-18T16:41:05 <esotericnonsense> if 128MiB blocks actually were used at full capacity I'd be out of space in less than 2 years if I dedicated it all to bitcoin.
105 2018-11-18T16:45:54 <esotericnonsense> so I think basically it's a "wait and see what happens with L2" type situation. i suspect a lot of people would stand behind a block size increase in the case that we weren't routinely seeing $2 transactions on-chain
106 2018-11-18T16:58:33 <esotericnonsense> oh and yes, at risk of spouting stuff into an ether no-one is listening to;
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108 2018-11-18T16:59:21 <esotericnonsense> years and years before even LN or _any_ sort of scaling solution, we knew that the censorship-free nature of bitcoin (which, as far as we can tell, requires decentralization of nodes; decentralization isn't a priori a requirement, it's indirect) was paramount, right
109 2018-11-18T17:00:18 <esotericnonsense> therefore we want to limit the block size even in the absence of _any_ scaling solution, even in the absence of _any_ requirement to have fees (e.g. if we didn't need to ensure feerates remain high enough for security)
110 2018-11-18T17:00:43 <esotericnonsense> an analogy I've used a few times previously is that London has lots of traffic in the centre
111 2018-11-18T17:00:58 <esotericnonsense> you could knock down a load of buildings and more people would be able to drive in / take the bus / cycle / whatever
112 2018-11-18T17:01:13 <esotericnonsense> but now it's not London and no-one wants to go there any more because you've defeated the point
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