Replying to Avatar Caitlin Long

GUESS WHO TAUGHT ME something new today: nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a! I hadn’t thought of 👇 before but it’s logical that #Bitcoin will become more decentralized over time bc it keeps getting easier/more accessible to run a node (p339 of #BrokenMoney). I ❤️ reading engineers’ explanations of #bitcoin!

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.

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Discussion

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.