Transaction fee market without block size limit would lead to too low a level of security for Bitcoin: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2400519 …
-
@NickSzabo4@adam3us@jony_levin otherwise each miner has to invest a lot to find that the way to route from china to eu s through Siberia
@TheBlueMatt @adam3us @jony_levin So you centralize Bitcoin communications to save miners who buy $100m's of equipment a few thousand?
-
-
@NickSzabo4@adam3us@jony_levin No, you add a centralization component (sucks) to make sure that people other than large pools can mine -
@TheBlueMatt@adam3us@jony_levin Whole point of decentralization (i.e. security) undermined if TTP can discriminate between miners.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.