Re:Lightning Network Skepticism
by maaku on Saturday December 26, 2015 @01:56AM
(#10793519)
Which has no relevance to this conversation about BU and block size. Block size is not a parameter you can force on upgraded nodes by soft-fork.
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Re:Lightning Network Skepticism
by dontbelieveyou on Saturday December 26, 2015 @02:15AM
(#10793545)
You made the claim that under "Nakamoto consensus" the consensus parameters are not up for a vote. A correction seemed warranted.
> Block size is not a parameter you can force on upgraded nodes by soft-fork.
Isn't this what the Segregated Witness proposal[1] effectively does? The new limit proposed would be 4MB with an expected confirmed transaction throughput increase on the order of 2x.
To quote Pieter:
"Another way of looking at it, is that we raise the block size to 4 MB for the witness part, but the non-witness has same size."
[1] http://diyhpl.us/wiki/transcripts/scalingbitcoin/hong-kong/s...