Nostr Web Client

Certainly a good point. Perhaps bitcoin was designed to keep pace with technological advancements. The path chosen has been wisely conservative. However, recent spam attacks are disruptive to creating new layered solutions and also for the poorest people that want to save in bitcoin.

What bitcoin has at this point is lots of options, going forward. I think a modest incremental increase in block size has a few advantages:

- maintains the decetnralized node network that is in place, and will just need pruning or some disk improvements

- makes disruptive spam attacks more expensive

- allows the poorest in the world to more easily participate on chain

- allows innovation between layers to occur more easily and cheaply

- we've not had a block increase since 2017 and 2mb, 4mb, 8mb were left on the table for the medium term

Something for the next epoch, perhaps.

david 2y ago

One of the biggest problems with any block size change is that there’s no schelling point regarding what to change it to or when to change it. Which means consensus will be difficult to achieve.

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Melvin Carvalho 2y ago

Yes, that is for sure. There are *slightly* fewer unknowns now. We may only get one shot at doing it quite optimially. So maybe better to wait and let super intelligent AI help us come up with a plan. The whole topic has been laced with propaganda, and bad actors, too. Nevertheless, it's a nice problem, to try and get right. Ultimately it comes down to making a solid proposlal, testing it, and arguing the case.

https://cointelegraph.com/news/adam-back-bitcoin-block-size-increase-in-mid-term-is-possible