The pros, cons, and taboo nature of enforcing smaller Bitcoin blocks

The pros, cons, and taboo nature of enforcing smaller Bitcoin blocks
ôîòî ïîêàçàíî ñ : thenextweb.com

2019-2-13 20:11

The Bitcoin network is a behemoth, and much of its strength is defined by the number of machines validating transactions on the network. Its code is also highly calibrated. Very specific variables were set throughout its development, and dogmatic allegiance to certain settings has defined much of what Bitcoin‘s blockchain is today.

This means altering Bitcoin code has implications. Proposals for changes have caused mayhem for the wider cryptocurrency ecosystem in the past, and seemingly will forever. But Bitcoin Core developer Luke Dashjr has a suggestion: decrease the size limit of Bitcoin‘s blocks, from Satoshi Nakamoto’s 1MB to just 300KB. This will make…

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Ôîòî:

Governance, Part 2: Plutocracy Is Still Bad

Coin holder voting, both for governance of technical features, and for more extensive use cases like deciding who runs validator nodes and who receives money from development bounty funds, is unfortunately continuing to be popular, and so it seems worthwhile for me to write another post explaining why I (and Vlad Zamfir and others) do not consider it wise for Ethereum (or really, any base-layer blockchain) to start adopting these kinds of mechanisms in a tightly coupled form in any significant way.

2018-7-21 23:03


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place.

2018-7-21 23:03


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