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RE: Secrets of Bitcoin’s Dystopian Valuation Model

in #bitcoin5 years ago

"Thus I conclude that adaptive block sizes require centralization"

I do not see how you have provided evidence for this.

When there is no block size cap ..... then "consensus" on the block size is reached by the majority of nodes choosing to build on top of a block (or not). ie. can the network transmit your block quickly enough? (or is your block stale).

It's competition.

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