# Gavin Andresen
# 2013-09-09 06:38:49
# https://bitcointalk.org/index.php?topic=288298.msg3111910#msg3111910

There was an interesting research paper (which I can't find) that claimed that high frequency trading is largely driven by the artifically high limit on bid/ask spreads. The claim is that if trading was allowed in much smaller fractions of a dollar traders would compete by underbidding/overoffering instead of competing to be first in the trading queue. @p{par}

That seems plausible to me@p{--} set an arbitrary constraint ("bids must be in multiples of a tenth of a penny" @p{--} or whatever it is these days) and you often get unintended consequences. @p{par}

I still plan on writing up why I disagree with the idea that a larger block size will lead to centralization, but I'm working on some higher priority things first. I really don't understand why you would think that our current, arbitrary 1MB limit is the Best Size For All Time. I think @p{(bf}that@p{bf)} arbitrary constraint will have bad unintended consequences. @p{par}

 @p{brk}