The only remaining argument
I favour big blocks.
Core have identified one area that is a trade off - centralisation of mining is an attack vector (collusion / reorgs) vs scaling (low fees)
Core solution is suboptimal (centralisation of developers and side chains are also attack vectors, segwit also has pros and cons, and in itself isn’t a perfect solution)
As far as I can tell it’s the only valid point they have propping up their arguments - capacity must be low to keep nodes affordable.
They have pointed out a flaw in bitcoin mining becoming at risk of banned by eg China all at once.
As long there are strong arguments refuting this every other point is nebulous because of the issues they introduce with their own solution
I read everything by big blockers I could to try and see what the big block answer is to this but still find it lacking:-
If one controls the miners, one controls bitcoin
Without simply bashing core - is there a reasonable refutation to this point?
Posted Oct 28, 2017, 9:47 AM UTC