On Wed, Feb 13, 2013 at 6:58 AM, Raph Frank <raph...@gmail.com> wrote: >> Bitcoin is not a democracy— it quite intentionally uses the consensus >> mechanism _only_ the one thing that nodes can not autonomously and >> interdependently validate (the ordering of transactions). > So, how is max block size to be decided then?
In one sense it already is decided— there is a protocol rule implementing a hard maximum, and soft rules for lower targets. If it's to be changed it would only be by it being obvious to almost everyone that it should _and_ must be. Since, in the long run, Bitcoin can't meet its security and decenteralization promises without blockspace scarcity to drive non-trivial fees and without scaling limits to keep it decenteralized— it's not a change that could be made more lightly than changing the supply of coin. I hope that should it become necessary to do so that correct path will be obvious to everyone, otherwise there is a grave risk of undermining the justification for the confidence in the immutability of any of the rules of the system. ------------------------------------------------------------------------------ Free Next-Gen Firewall Hardware Offer Buy your Sophos next-gen firewall before the end March 2013 and get the hardware for free! Learn more. http://p.sf.net/sfu/sophos-d2d-feb _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
