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He was more focused on the immediate challenges that could trip it up. When tension cropped up among the developers, Mr. Andresen kept the peace by brokering compromises. The bonhomie began to fall apart last year because of what appeared to be a positive development: View all New York Times newsletters. The problem was that, early on, Satoshi established a limit on the number of transactions that could be processed by the network every 10 minutes.

The cap was meant to ensure that the computers supporting the network, and processing the transactions, would not be overwhelmed by an enormous quantity of data. But Satoshi had suggested that the limit should be temporary, and as the number of transactions coursing through the network inched closer to the cap, delays started to occur and transactions were not going through. Hearn began pushing for changes to the core Bitcoin software to allow for larger blocks of transaction data, he faced immediate resistance.

Maxwell warned, would be to hand control over the network to big companies that could afford powerful computers. Maxwell, slower transactions seemed to be a secondary issue to protecting Bitcoin from centralized sources of authority. More important, he argued, was that Bitcoin needed to succeed first as a cheaper, faster payment network, like PayPal or Visa. The debate was complicated by the financial interests of the people involved.

After leaving Google, Mr. Hearn had begun taking a salary for his Bitcoin work from the venture capital firm Andreessen Horowitz, one of the most prominent supporters of Bitcoin start-ups in Silicon Valley. As the debate grew increasingly fractious, friendships among the core developers fell apart.

You can review the bitcointalk thread on decentralised crime fighting to get a feel for what has already been said.

I think this is a topic on which the Foundation should eventually arrive at a coherent policy for. Of course I know that won't be easy.

Hero Member Offline Posts: November 14, , Gregory Maxwell made an excellent post on this subject, emphasis mine: We're not going to be able to prevent well funded business people from attempting to promote horrific architectures against the long term interest of Bitcoin and the public It's hard to count the number of times newbies have made proposals which would have centralized Bitcoin completely in the name of some fool result or another.

Powerful businesses interests are now reliving the same history of bad ideas, but this time the bad ideas will be funded and they don't care if luminaries tell them that they're horrible ideas, they don't necessarily care about any of the principles that make Bitcoin a worthwhile contribution to the world.

It's not, of course, a question of "anonymity": If you have "good" and "bad" coins, that destroys fungibility, rapidly everyone must screen coins they accept or risk being left holding the bag. Fungiblity is an essential property of a money like good and without it the money cannot remove transactional friction.

Privacy is also essential for fair markets: To stop this nonsense we have to make it impractical to pull off by changing the default behavior in the Bitcoin ecosystem: We consider the lack of a central authority to be an essential virtue, which means that we can't be protected by one either.

We must protect ourselves. Miners can play a role in this as Bitcoin users, but also by supporting mining pools and methods that promote privacy. They want to force people to use identified addresses so they can blacklist? What happens when miners start deprioritizing transactions that use addresses that have been previously seen? Hero Member Offline Activity: I have some clues about what his idea maybe like, but I will refrain from saying anything specific for the moment, I want to see how things evolve.

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