BITCOIN NEWS

By keywest | HYRDO COİN | 19 Sep 2019


The Argument for Scarce Block Space and ‘Legit’ Bitcoin Users

Block space is a contentious subject within the BTC community as many people believe it is sacred and only meant for “legit” users. Even though this opinion is very subjective, many BTC supporters believe that only certain transactions should be allowed onchain and anything else is considered “spam” or “abuse.” For instance, the founder of consulting firm Bitcoin Advisory, Pierre Rochard, discussed how people mistakenly use the term “fee market” when it should be considered a “block space market” at the Baltic Honeybadger conference.

Tiny Block Advocates Speak Up After Veriblock 'Abuses' Bitcoin's Block Size

Then, on September 15, BTC advocate Brad Mills published a post called “Transaction Eugenics: Bitcoin Blockspace is a Scarce Resource & Protocol Developers are Scientific Innovators.” The post outlines why he considers BTC’s block space to be precious and why the “1MB cap is transaction eugenics and the Bitcoin developers are scientists innovating at the edges to make humanity better.” The post was controversial due to Mills’ choice of words as the term “eugenics” refers to the science of population control and removing undesirable traits from humans.

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