Rajarshi Mitra
Independent Analyst
- Luke Dashir, a Bitcoin Core Developer, is fronting the idea of decreasing Bitcoin’s block size to 300KB.
- Roger Ver reacted by stating his intention to sell off more of his Bitcoin if the block size drops.
Luke Dashir, a Bitcoin Core Developer, recently made a lot of headlines by fronting the idea of decreasing Bitcoin’s block size to 300KB. Dashir tweeted:
“There is never any guarantee. We need to reduce the block size just to have a *realistic hope* of it remaining feasible and *becoming practical again*. The blockchain is *already* bigger than most people are willing to tolerate, and the situation is getting worse and worse.”
Roger Ver, the CEO of Bitcoin.com and noted Bitcoin Cash (BCH) reacted to this by saying:
“I really really hope that Luke Jr. and all these other guys lower the BTC block size to 300 kilobytes if they do I will sell even more of my BTC. A lot more. Maybe, I would even sell all of it at that point. Absolute Insanity.”
Gabriel Cardona, a Bitcoin Cash developer, also disagreed with the block size reduction, saying:
“The crazy mistake of shrinking the blocks, the mistake of, depending on the lighting network as a scaling solution, is that it’s just a poor user experience and there are solutions that are superior. And that’s just a fundamental misunderstanding on a deep level.”
On the contrary, John Carvalho, a believer in block size reduction.said:
“I agree with @LukeDashjr that the block size should be smaller. I feel more confidence to say it now that we have LN making strides. I’ll run the soft fork.”
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