How Big Should Bitcoin Blocks Be? Depends on Your Values

Jim Harper

Two recent essays have made the argument for retaining the one-megabyte limit on the size of bitcoin blocks, which limits the number of transactions the network can process. These contributions help reveal something that the technically oriented bitcoin community doesn’t focus on very much: the block size debate is about human values. The debate will be less acrimonious if bitcoin community leaders surface and compare these values.

In a July 3 opinion piece on CoinDesk, Ariel Deschapell wrote frankly about the constraint that a one-megabyte block size may put on adoption. “A consumer using bitcoin for the first time and running into a severe confirmation delay for a retail transaction might very well get turned off,” he wrote. That very thing recently happened to New York Times reporter Nathaniel Popper,

Read more ... source: TheBitcoinNews