[FabHK]

> Blocks (Block size) and transaction fees will grow exponentially

Currently, the blockchain is 405 GB and grows by about 5 GB per month. In your proposal, that will go up exponentially?

[intabli]

My proposal? I won’t take credit for Satoshi’s work, it was his proposal:

https://satoshi.nakamotoinstitute.org/posts/bitcointalk/485/

[stickfigure]

You either misunderstood the parent or are being deliberately disingenuous.

He/she asked, in effect: How do you plan to deal with the blockchain growing exponentially instead of linearly? And how much acceleration do you think is reasonable?

[intabli]

I needed to clarify that it wasn’t my proposal, as to how to gradually approach this, test nets are already deployed on many of the uncapped networks, I believe you’ll enjoy this great presentation by Peter Rizun and Andrew Stone, they’re far smarter than I’ll ever be: https://youtu.be/5SJm2ep3X_M

[FabHK]

Strictly speaking it wasn't his, it was the originator of that thread, jgarzik, and satoshi replied "We can phase in a change later if we get closer to needing it.", which doesn't strike me as a ringing endorsement.

At any rate, the suggestion was for one increase, not an infinite sequence of increases, which your suggested exponential growth amounts to.

[intabli]

One increase every time its theoretical limit is approached, which becomes exponential as transaction growth becomes exponential.

[imtringued]

If it doesn't, then Bitcoin is dead. It has no future.