George Vaccaro
Aug 8, 2017 · 1 min read

Elliot, your assumption is that we could get consensus around scaling via block size increase, which folks have tried for 2+ years and repeatedly failed miserably. The market is voting and the answer is a resounding “no”.

It might make sense to listen to that signal rather than to join the vocal minority that insists on beating that same drum indefinitely. Also, there is now a spin-off version that does just that so folks who prefer that approach can use it.

Apparently the less vocal majority believe that brute force scale is unnecessary and dangerous with more elegant, secure and feature rich solutions already being tested and even partially deployed (SegWit is deployed on the lion’s share of nodes, will lock in 2 days and will activate within 3 weeks).

Time will tell who’s right, but my vote is with the world class developers and their layered approach to scale (mirroring that of the internet itself), not with folks that bring shallow analysis and the “solution” of simply doubling a constant and forcing a network wide upgrade without considering the cost, security and user implications.

If price is any indication (it is) this approach and these developers are also supported by the economic majority.

Follow along and observe the steady march of this incredible world changing disruptive technology.

    George Vaccaro

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