A much more reasonable block size proposal, following historical growth rates in a "limiting nutrient" resource:https://gist.github.com/sipa/c65665fc360ca7a176a6 …
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@NickSzabo4 An obstructive bottleneck that significantly delays or prevents sending transactions will be fatal to Bitcoin.
@drwasho Attacks that create or take advantage of Internet bottlenecks are indeed Bitcoin's Achilles' heel.
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@drwasho Larger blocks relative to Internet bottlenecks => easier to attack Bitcoin (& hide attack in natural variation of bandwidth). - 1 more reply
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@NickSzabo4@eragmus@drwasho not sure that this should be considered an Achilles' heel, the existence of side channel attack surfaces -
@NickSzabo4@eragmus@drwasho may also function as a recharging mechanism for the politics of crypto. if the commons is poorly educated, the -
@NickSzabo4@eragmus@drwasho bitcoin is to land title registry - side channel is the unknown possibility of raiders. -
@NickSzabo4@eragmus@drwasho more concerned about cryptosystem monoculture dominance which some bitcoin zealots express repeatedly.
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@NickSzabo4 The biggest attack on 'decentralization' was FPGAs and ASICs; do we want to artificially lower the hash rate so anyone can hash?
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@NickSzabo4 That's only if you want a X group of people in Y country with Z bandwidth to be able to run full nodes. Not everyone can/should.Thanks. Twitter will use this to make your timeline better. UndoUndo
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