The Bitcoin Block Size Debate: Small Blockers Prevail

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• Vitalik Buterin reconsiders Bitcoin block size war, acknowledges small blockers' victory.
• Small blockers prioritized lightweight blockchain, while big blockers aimed for affordable on-chain transactions.
• Big blockers lacked competence, failed to execute vision properly, according to Buterin.
• Bitcoin faces scaling challenges, developers explore new tech solutions like ZK-SNARKs.
• BitcoinOS project aims to scale transactions 10X without consensus changes to Bitcoin Core.

Summary :
Vitalik Buterin, the creator of Ethereum, has reflected on the "Bitcoin block size war" and admitted that the "small block" camp ultimately prevailed for good reason. In a blog post, Buterin discussed the debate over how Bitcoin should scale, upgrade, and be governed. He stated that advocates of larger block sizes lacked the competence to execute their vision properly, while small blockers wanted to keep the Bitcoin blockchain lightweight and prevent centralized changes. Buterin cited two books, one from a small-blocker perspective and another from a large-blocker perspective, to support his arguments. He also mentioned the importance of new technologies, such as ZK-SNARKs, in diffusing political tensions and satisfying all sides of the debate. Additionally, Buterin highlighted the potential of decentralized Bitcoin "rollups" and projects like BitcoinOS to scale transactions while remaining decentralized. Overall, Buterin believes that the small blockers have emerged victorious in the Bitcoin block size debate, but the cryptocurrency still faces challenges in terms of scaling and achieving its final goal as a peer-to-peer currency.

Sources :

- Decrypt