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June 16, 2015, 06:41:59 PM

The top Chinese mining pools (who control more than 60% of the hashpower) have just got together and officially endorsed an increase of the max bock size limit to 8 MB, instead of the current 1 MB.  

http://www.reddit.com/r/Bitcoin/comments/3a0n4m/why_upgrade_to_8mb_but_not_20mb/

The blocksize caper thus seems to be on its way to resolution.  That increase will raise the max throughput to ~20 tx/sec intead of the current ~2.5 tx/sec, and reduce substantially the risk of persistent backlogs, natural or intentional (like the 8-hour backlog created by the 2-hour-long stress test, a coupld of weeks ago).


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8 5 Businesses control Bitcoin.

This must be the new definition of p2p, which no one controls?

 Undecided