On Wed, Feb 13, 2013 at 10:42 AM, Gregory Maxwell <gmaxwell@gmail.com> wrote:
†Since, in the long run,
Bitcoin can't meet its security and decenteralization promises without
blockspace scarcity to drive non-trivial fees and without scaling
limits to keep it decenteralizedó it's not a change that could be made
more lightly than changing the supply of coin.

I disagree with Gregory on this. †I believe that Bitcoin CAN meet its security and decentralization promises without any hard limit on block size.†

I had a fruitful discussion about this with an economist friend this weekend, and I'll eventually getting around to writing up why I believe raising the block size limit will not be a problem.

Gavin Andresen