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Thank you!
And no I don't have a solid opinion on it. Just trying to navigate this very confusing conversation and position myself so that it makes sense.
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pull down to refresh
Thank you!
And no I don't have a solid opinion on it. Just trying to navigate this very confusing conversation and position myself so that it makes sense.
As long as we have a block size limit, I don't believe that use of blockspace leads to centralizing pressure. The price of digital storage continues to decrease faster than the blockchain increases.
Combine a 10 minute average block time enforced by the difficulty adjustment and a 1MB blocksize (even 4MB, with witnesses) enforced by block validity rules and it looks like the size of the blockchain grows in a linear manner while improvements in storage remain exponential.
(recent years look different for SSD because of AI, I think, but I suspect it will revert to a downward trend soon.)
If we feel that the blocksize is still to large to make running a node accessible, we could consider lowering it, but I don't think that changes the fundamental market nature of blockspace.
What do you think about this? You ask the question, but I suspect you have an opinion and I'm curious to hear it.