Published on September 12th, 2015 | by bitcoin0
Bitcoin Magazine: “Bitcoin May Need Smaller Blocks”
This could mean that some aspects of the Bitcoin ecosystem need to specialize further, but that was always to be expected.
On one hand there is the basic assumption that bigger blocks favor bigger miners – presumably mining pools.
As the block size increases, so does the time it takes for a newfound block to transmit through the Bitcoin network.
Speaking to Bitcoin Magazine, Bitcoin Core developer and Blockstream co-founder Dr. Pieter Wuille explained why this assumption is not shared by decentralists.
And if authorities can regulate the consensus rules, it means they can change anything that makes Bitcoin Bitcoin.