This article is based on the opinion of the author, who does not necessarily disagree with the proposition of increasing block size, but rather the recent economic reasoning used to justify it. Within the last few days, there has been some discussion in the Bitcoin community about the possibility of increasing the maximum Bitcoin block size limit of 1 MB, which is coded into the protocol.
Bitcoin Block Size Economics and Gavin Andressen
Sunday, 4 October 2015
Bitcoin Block Size Economics and Gavin Andressen
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