Time to roll out bigger blocks

I was planning to submit a pull request to the 0.11 release of Bitcoin Core that will allow miners to create blocks bigger than one megabyte, starting a little less than a year from now. But this process of peer review turned up a technical issue that needs to get addressed, and I don’t think it can be fixed in time for the first 0.11 release.

I will be writing a series of blog posts, each addressing one argument against raising the maximum block size, or against scheduling a raise right now. These are the objections I plan on writing about; please send me an email (gavinandresen@gmail.com) if I am missing any arguments for why one megabyte is the best size for Bitcoin blocks over the next few years.

If I am being unfair in how I am stating any of the above objections, please let me know via email.

 
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When the block reward goes away…

Discussions of raising the maximum block size often turn into discussions of Bitcoin’s very-long-term future – “but what about when the block reward goes to zero” or “but how, exactly, will it all work if Bitcoin is used by billions of... Continue →