Simon Liu [ARCHIVE] on Nostr: đź“… Original date posted:2015-07-23 đź“ť Original message:Increasing the block size ...
đź“… Original date posted:2015-07-23
đź“ť Original message:Increasing the block size does not hinder research and development of
Lightning or other technologies.
On 07/23/2015 05:04 PM, Eric Lombrozo via bitcoin-dev wrote:
> I should also add that I think those who claim that fee pressure will
> scare away users and break the industry are *seriously* underestimating
> human ingenuity in the face of a challenge. We can do this - we can
> overcome this obstacle…we can find good solutions to a fee market.
> Unless someone can come up with another way to pay for the operation of
> the network, we NEED to do this. What makes anyone think it will be
> easier to do later rather than now? The longer we wait, the lower block
> rewards get, the larger the deployed infrastructure, the larger our
> userbase, the HARDER it will be to solve it. We should solve it now - we
> will be much better off for it…and so will our users.
>
đź“ť Original message:Increasing the block size does not hinder research and development of
Lightning or other technologies.
On 07/23/2015 05:04 PM, Eric Lombrozo via bitcoin-dev wrote:
> I should also add that I think those who claim that fee pressure will
> scare away users and break the industry are *seriously* underestimating
> human ingenuity in the face of a challenge. We can do this - we can
> overcome this obstacle…we can find good solutions to a fee market.
> Unless someone can come up with another way to pay for the operation of
> the network, we NEED to do this. What makes anyone think it will be
> easier to do later rather than now? The longer we wait, the lower block
> rewards get, the larger the deployed infrastructure, the larger our
> userbase, the HARDER it will be to solve it. We should solve it now - we
> will be much better off for it…and so will our users.
>