Will It Take a Crisis to Find Consensus in the Bitcoin Block Size Debate?

Although there seems to have been a small bit of progress in finding consensus on the block size issue in Bitcoin, the reality is that there still isn’t a formal plan for altering the block size limit in Bitcoin Core at any point in the near future. Many proposals have been made, but it appears that some contributors are looking to raise the block size cap at a much faster rate than others. This has caused a bit of a rift in the Bitcoin development community, and some believe that no consensus will be found on the matter until the number of transactions in each block hits a crisis point.

Also Read: Is the Bitcoin Community Jumping to Conclusions on the Block Size Debate?

Crises Bring Us to Consensus

Vice Chairman of the Board for BitFury George Kikvadze and Bitcoin Core Contributor Peter Todd were both recently featured on a panel related to Bitcoin governance at Bitcoin Pacifica 2015, and it was Kikvadze who originally brought up the idea that consensus on the block size limit may not be reached until there is a crisis. Kikvadze used an analogy to governance in the United

Read more ... source: TheBitcoinNews