The case for making blocks smaller is stronger than increasing efficiency. Although I'd do neither.
I checked mempool several times today and almost all of the time, I found mempool filled with garbage data (to scam the people).
If these blocks have been filled with garbage most of the time then why do we need 4MB blocks?
Why are Bitcoiners talking about further upgrades? Instead it would be WISE to talk about reducing the blocksize limit since the free market has been trying to tell us that we don't need 4MB blocks. It's being misused by attackers and spammers.
Reducing the blocksize will probably do following things: -
1) Keep the cost of running nodes very low (hence it helps with decentralization)
2) It promotes scalability in layers (i.e. L2, L3 etc) instead of on chain scaling.
What are the real risks by reducing block size? Except some scammers can't scam the people easily (but I believe that's a good thing)
I think #bitcoin thrives more with conservatism than progressivism.
cc nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk nostr:npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr nostr:npub1au23c73cpaq2whtazjf6cdrmvam6nkd4lg928nwmgl78374kn29sq9t53j
Discussion
Why would you not support reducing blocksize? Genuinely curious to know your thoughts on this.
I don't like the shitcoinery but it's not affecting operation of the network. The extra block space bloat isn't good and fees have spiked for short periods but imo this doesn't warrant tinkering. My bar for intervention on the base layer is very high. Now it's been done, let's see how it plays out and focus on preventing the same mistakes being made in the future.
How do you know that it's not affecting operation of the network? Have you tried syncing IBD on low end computers (like Raspberry Pi4 or Pi5)?
If the blockchain grows faster than the rate of improvement in the memory, RAM and processor then how soon we need more expensive hardware to sync IBD (or to run a node)? Maybe think about 2030 or 2035 with this perspective and you will realize that operation of bitcoin is being affected.
I have no concerns over nodes. You can get a 2TB umbrel home for few hundered usd. I also run a Pi. Blocksize hasn't changed, if blocks are fuller than normal so be it. Imo you've got change fatigue from Taproot, people I speak to want to leave it the fwck alone.
All I got was a clown emoji from Luke, way to make your case lmao gfy