Vitalik Buterin throws debate on size of Bitcoin block; crypto community defers

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August 11, 2018 by
Vitalik Buterin throws debate on size of Bitcoin block; crypto community defers

Vitalik Buterin, co-founder of Ethereum, is well known for his straightforward opinion on crypto. He loves to engage himself in debates on crypto. Recently, he has one such with Charles Hoskinson of Cardano on Ouroboros v/s. Casper.

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The Ethereum co-founder put up a poll on Bitcoin’s block size for Bitcoin community on Twitter by engaging in another debate.

The Tweeter reads,

Poll for Bitcoin Core supporters. Suppose you had to flip a coin, and if it handed heads the bitcoin block size becomes one value and if it landed tails the bitcoin block size becomes another value. Which of the following would you choose?

The options he gave was,

Heads 20 MB, tails 20 MB” and “Heads 4 MB, tails 36 MB”

In a bid to make his argument clearer Buterin added, I’m trying to elicit your opinion about whether the harms of growing blocksize are superlinear or sublinear…

He continued,

Superliner: the bigger the chain already is, the harder it is for it to handle 1 MB more. Sublinear: at XX MB, the chain’s already basically centralized to hell so it’s not that interesting, so 1 MB more at that point wouldn’t do much more harm.

He threw the question to the community,

Which intuition is stronger?

The debate on block size is nothing new to the crypto community as some has favoured increase in limit of block size while others opposed.

It is to be noted that, size of Bitcoin block has been limited to 1 MB since 2010 while a block of Bitcoin Cash has 32MB storage. Some crypto members have blamed the tiny Bitcoin block size for less number of transactions.

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Buterin tried underlining the issue with scalability in his tweet,

I just wanted to add a word to signify that the poll was meant to target proponents of the small-block, scaling via lightning network first, (almost) no hard forks…position. Plenty of people are Bitcoin supporters and have no opinion on those issues. What would you recommend?

 

In his reply to Buterin, a Twitter user called Armin VanBitcoin said,

I don’t know about your Ethereum developers, but Bitcoin core developers work on scaling the network by writing quality code, not by flipping a coin at some My Little Pony dance party.

Image via Shutterstock

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