SOME REFLECTIONS ON THE BITCOIN BLOCK SIZE WAR

Summary from the TLDR Crypto newsletter

Vitalik Buterin comments on the different perspectives on the big block versus small block debate and what we can learn from them. Small blockers saw Bitcoin as a conservative chain that should only hard fork in rare cases that was trying to be a new currency, not a payment processor. Big blockers saw BTC as digital cash and thus wanted fees to be low, seeing the pivot to digital gold as a decision made by a small group of developers to profit off L2s. Ethereum learned from Bitcoin's shortcomings to create a more resilient chain.