{"id":25187,"date":"2016-04-18T16:38:19","date_gmt":"2016-04-18T16:38:19","guid":{"rendered":"http:\/\/ci027cfe64300426c3"},"modified":"2016-04-18T16:38:19","modified_gmt":"2016-04-18T16:38:19","slug":"blockstream-s-johnny-dilley-we-ll-eventually-have-an-adaptive-block-size-solution-1460997499","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/technical\/blockstream-s-johnny-dilley-we-ll-eventually-have-an-adaptive-block-size-solution-1460997499","title":{"rendered":"Blockstream\u2019s Johnny Dilley: We\u2019ll Eventually Have an Adaptive Block Size Solution"},"content":{"rendered":"
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The Crypto Show<\/em><\/a> recently interviewed<\/a>Johnny Dilley<\/a>, who runs strategy at Blockstream<\/a>. Dilley shared his views on the future of Bitcoin\u2019s block<\/a> size limit, and explained why he\u2019s not worried that a solution has yet to be chosen. Dilley\u2019s calm demeanor in regard to the block size issue seems to be partially based on his excitement over various improvements that are making their way to Bitcoin via soft forks<\/a>.<\/p>\n

That a Hard Fork Hasn\u2019t Happened Is Bullish for Bitcoin<\/strong><\/p>\n

When asked about the lack of a hard fork<\/a> to a larger block size limit up to this point, Dilley said that nothing is likely to change over the short term. He explained:<\/p>\n

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\u201cI think, today, we\u2019re still no closer to any short-term movement (six months to a year) on the block size issue<\/a>. That just has to do with the fact that driving consensus<\/a> in a system that\u2019s designed to not force anyone to do anything is difficult \u2012 and that\u2019s actually a good thing.\u201d <\/p>\n<\/blockquote>\n

Dilley expounded on his view, which has been also been expressed<\/a> by Bitcoin Core<\/a> contributor Cory Fields<\/a> and others, that the difficulties with coming to consensus on changes in Bitcoin is a good thing. The former member of the Pantera Capital<\/a> team stated:<\/p>\n

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\u201cThe fact that there is considerable tension and the fact that a hard fork hasn\u2019t happened is actually the most-encouraging, most-bullish sign for Bitcoin that there\u2019s been in two years. It means that the system works. The fact that it\u2019s difficult to make controversial changes to Bitcoin is a really good sign. It means it\u2019s very resilient to attempts to overturn outstanding or current governance status.\u201d <\/p>\n<\/blockquote>\n

Dilley added a disclaimer to his bullish tone, stating, \u201cTo be clear, I\u2019m the most bullish Bitcoiner I know.\u201d<\/p>\n

No One Entity Has Control Over the Block Size Limit<\/strong><\/p>\n

In terms of what kind of change will eventually be seen in Bitcoin\u2019s block size limit, Dilley said, \u201cWe will get to some sort of adaptive block size solution.\u201d<\/p>\n

BitPay<\/a> co-founder and CEO Stephen Pair<\/a>\u2019s simple, adaptive block size limit<\/a> is the one flexible solution that has garnered the most attention up to this point; however, many similar proposals have been made over the years.<\/p>\n

In terms of how a final decision will be made, Dilley added, \u201cI don\u2019t think any individual or institution really has any control over what that final state looks like.\u201d<\/p>\n

Although Bitcoin has not hard forked to a larger block size yet, much of the community, including Dilley, is encouraged by the various improvements, such as CHECKSEQUENCEVERIFY<\/a> and Segregated Witness<\/a>, that are currently being tested and rolled out onto the network.<\/p>\n

Excitement for BIP 9, Also Known as Version Bits<\/strong><\/p>\n

Dilley mentioned a variety of improvements that are coming to Bitcoin, but he seemed most excited about BIP 9<\/a> (Version Bits), which was recently used for the first time in the release of Bitcoin Core 0.12.1. This is a change to the way in which soft forks are rolled out, and it will allow many soft forks to be deployed at the same time. <\/p>\n

\u201cThat\u2019ll be a massive and strict improvement<\/a> for Bitcoin\u2019s ability to get multiple things in flight at once,\u201d Dilley said.<\/p>\n

In terms of how upgrades have been made in the past, Dilley added, \u201cThis sequential methodology that we\u2019ve been working off of has actually slowed our ability to roll out the types and kinds of things that Bitcoin needs to really thrive.\u201d<\/p>\n

Kyle Torpey is a freelance journalist who has been following Bitcoin since 2011. His work has been featured on <\/em>VICE Motherboard, Business Insider, NASDAQ, RT\u2019s Keiser Report and many other media outlets. You can follow <\/em>@kyletorpey<\/a><\/em>on Twitter.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Crypto Show recently interviewedJohnny Dilley, who runs strategy at Blockstream. Dilley shared his views on the future of Bitcoin\u2019s block size limit, and explained why he\u2019s not worried that a solution has yet to be chosen. Dilley\u2019s calm demeanor in regard to the block size issue seems to be partially based on his excitement […]<\/p>\n","protected":false},"author":3445,"featured_media":25188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[1687,1662,1038,2306,1964,705],"class_list":{"0":"post-25187","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technical","8":"tag-bips","9":"tag-block-size","10":"tag-core","11":"tag-forks","12":"tag-hard-fork","13":"tag-scaling"},"author_data":{"id":3445,"name":"Kyle Torpey","nicename":"kyle-torpey","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/kyle-torpey-promo-image-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/blockstreams-johnny-dilley-well-eventually-have-an-adaptive-block-size-solution.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/25187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3445"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=25187"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/25187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/25188"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=25187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=25187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=25187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}