Wang Chun, the operator of the China-based pool controlling some 20 percent of hashing power, dismissed the idea of an exponential growth rate of the maximum block size for 20 years leading to 8-gigabyte blocks.
Asked by Bitcoin Magazine, Chun said: “We cannot predict what will happen years into the future, and we think a first step to 2 megabytes should be enough for now.”
The block-size dispute – which represents a tradeoff between thenumber of transactions the Bitcoin network can handle and its decentralization – might reach a critical juncture over the next weeks. A large segment of Bitcoin’s development community will discuss the issue at the upcoming Scaling Bitcoin workshop in Hong Kong in the first week of December, while several prominent Bitcoin companies have stated they intend to change their code to allow for bigger blocks that same month.
Chun, too, believes that raising the block-size