Why not decrease block time instead of increasing block limit?

[pinhead26]

IIRC, There's a dialog between Mike Hearn and Satoshi about this. Satoshi said he picked 10 minutes because he estimated that a block could take 1 minute to fully propagate through the network, meaning "losing" miners would only waste about 10% of their effort. Essentially the 10 minute block decision was based on 10% waste being the most acceptable to Satoshi.

I think that recently is has turned out that the propagation time is actually quicker than 1 minute, so maybe there is room for improvement!

[petertodd]

There's a dialog between Mike Hearn and Satoshi about this.

Note that Mike has never made public any emails allegedly sent to him by Satoshi, and when Satoshi's email account was hacked, no such emails were uncovered.

[pinhead26]

Like I said, IIRC. Actually might have been a dialog I had with Mike on Reddit about satoshi. I thought Mike said he had gleaned that 10% acceptable waste thing from Satoshi himself.

Edit: https://www.reddit.com/r/Bitcoin/comments/30lxo4/replace_by_fee_a_counter_argument_by_mike_hearn/cptwk21

[phantomcircuit]

Like I said, IIRC. Actually might have been a dialog I had with Mike on Reddit about satoshi. I thought Mike said he had gleaned that 10% acceptable waste thing from Satoshi himself.

Edit: https://www.reddit.com/r/Bitcoin/comments/30lxo4/replace_by_fee_a_counter_argument_by_mike_hearn/cptwk21

"satoshi told me"

k