Full blocks will lead to far more centralization than big blocks.

[rogerver]

https://twitter.com/rogerkver/status/690224920941309954

I think this is true for the following reason:

With small blocks there is a limit to how many traditional on chain transactions can fit.
If more people want to use Bitcoin than this size block can accommodate, users will be forced onto off chain systems that may occasionally sync with the Bitcoin blockchain. We can already see this with Coinbase to Coinbase transactions that never hit the Bitcoin block chain.
Those transactions are not censorship resistant, nor are they distributed. (I still think Coinbase is a wonderful service, and there is an important role for centralized systems)

I'm all in favor of technologies that can help fit additional transactions into the block chain per MB of storage, but as someone who started out my career selling 8MB memory modules for $650 each, and seeing those same modules today being literal garbage, I'm not worried at all about the blockchain growing to be much much larger than today. A single photo taken with the new iPhone is nearly 8MB. I don't see a problem with a single block being the same size.

[iFixBTCmemoryIssues]

https://twitter.com/rogerkver/status/690224920941309954

I think this is true for the following reason:

With small blocks there is a limit to how many traditional on chain transactions can fit.
If more people want to use Bitcoin than this size block can accommodate, users will be forced onto off chain systems that may occasionally sync with the Bitcoin blockchain. We can already see this with Coinbase to Coinbase transactions that never hit the Bitcoin block chain.
Those transactions are not censorship resistant, nor are they distributed. (I still think Coinbase is a wonderful service, and there is an important role for centralized systems)

I'm all in favor of technologies that can help fit additional transactions into the block chain per MB of storage, but as someone who started out my career selling 8MB memory modules for $650 each, and seeing those same modules today being literal garbage, I'm not worried at all about the blockchain growing to be much much larger than today. A single photo taken with the new iPhone is nearly 8MB. I don't see a problem with a single block being the same size.

Exactly, even if each block were 32MB, we would find a way