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by rsi_oww 3761 days ago
Yes, the pro-fork group say they simply want to change the limit of megabytes per block from 1MB to 2MB. Somehow this is worth forking the network over.

This may not sound like much, but also keep in mind eight months ago it was 20MB, with an eventual jump into the GB range, that they were pushing for. Also, recently they are talking about removing any limit altogether.

This change seems small but the consequences would not be, since it limits who can run a full client and centralizes control to those who can (companies, not individuals).

There are better ways to achieve the same goal and keep the decentralization, but they are not so simple, and need to be fully tested before rolling out. One exciting thing in the pipeline, is a caching layer that sits on top of bitcoin, which allows instant, true microtransactions. In the short term there's "segwit" which also brings all sorts of other advantages.

1 comments

Honest Question: As an individual what incentives are there for me to run a full node? Currently the storage/bandwidth requirements are not outrageous, but high enough that they will cost $20-$50 depending on how many connections I allow. Why would I bother?
It's possible to run a node in pruned mode, where you set the amount is space which is used by blocks. Older blocks are then pruned to stay within the space limit. You can run a node in this way for $5 a month.

If you support Bitcoin, much in the same way as people support many open source projects, this isn't a lot of money to fork out. Compared to the amount of time contributors spend writing software for free for the good of the world.