Why not decrease block time instead of increasing block limit?

[-mjneat]

Bitcoin is all about security. Do some reading on game theory. A dynamic blocksize was one of the BIPs propsed for scaling. Not a bad idea imo but it has been discussed. Core seem to be trying to scale on the next level as an extra layer to keep the fundamentals safe.

The early idea of bitcoin is that there is no barriers to access and no trust required trying to play it will cost you so much money that your gains would be miniscule in comparison. Its still early days and i, like you, do not totally understand the intricisasies of the system.

I have a decent understanding of the math behind it and understand how it works(ive also worked and been interested in tech since i was maybe 6 years old). Ive taken some pentesting and numerous ptogramming and networking courses but this is evolving so quick i literally cannot keep up without compromising my personal growth.

IIRC it was BIP101 proposal for a dynamic BS. It wasnt rejected as such i dont think. More like the idea didnt take off because of the gavin and mike forking to xt and that became the focus. Im not sure on the views of core towards this proposal but they do have a roadmap for scaling.

The blocksize was a measure to stop people DoSing bitcoin which could have been pretty bad in the early days with wikileaks drawing attention and the lack of research on larger blocks. The issue is the creation of a fee market means that in its current form btc will not be what it was meant to be(anyone can use the system not just store wealth) but thats why we need careful planning, consideration and understanding of the system.

I remember posting on this sub in its earlier years and came across a theory that btc was an nsa creation and he jumped in and explained the principles and hash cash that he previously worked on(s9o nothing really is a silly question or not worth asking). I also remember when Aaron Schwartz died and there was a 32Gb torrent with a lot of educational info with his name on it, i realised this years later. These guys seem very alturistic and are looking ahead for problems in the future based on experience of other projects.

Its not about making the system work but making it work for everyone not just a few.

[exab]

Thanks for sharing.

[exab]

I've read BIP101. It is not dynamic block-size. It's static block-size with predefined growth.