# Gavin Andresen
# 2013-03-07 17:10:27
# https://bitcointalk.org/index.php?topic=149668.msg1596692#msg1596692

You may have heard me say "Bitcoin is an experiment" before...  well, we're finding out right now what happens as the experiment scales up. @p{par}

First:  I sent a message to the big mining pools, reminding them of the run-time options they can set to control the size of the blocks they create. I did not tell them what they should or shouldn't do, I think we need to move beyond centralized decision-making. @p{par}

I did send them a pointer to this very rough back-of-the-envelope estimate on the current marginal cost of transactions: @p{brk}
  @s{(link)} @p{par}

(if anybody wants to do a better analysis, I'd love to read it). @p{par}

Second: block size is half of the equation. The other half is transaction fees and competition for getting included into blocks. All of the bitcoin clients need to do a better job of figuring out the 'right' transaction fee, and services that generate transactions will have to adjust the fees they pay (and are, already). @p{par}

Finally: in my opinion, there is rough consensus that the 1MB block size limit WILL be raised. It is just a question of when and how much / how quickly. @p{brk}