The block-size debate is a proxy warfare between centralization and anonymity. This must be solved earlier than we find yourself with one thing worse than MasterCard.
The excellent news (or nice information) is that including id to mining can enable Bitcoin to scale virtually infinitely, instantly.
James spoke about this on the MIT convention on Scaling in 2016, so watch this discuss for extra info: https://www.youtube.com/watch?v=UVuUZm4l-ss&characteristic=youtu.be&t=31m04s
He additionally did a full size interview on this subject with the fellows at Epicenter Bitcoin
These concepts had been in-built collaboration with Conner Davidson, and consequently I’ve named the ensuing democratic consensus algorithm the Conner Consensus.
Comply with me on Twitter @JamesGDAngelo .