Understanding Bitcoin Core’s Controversial Policy Change

One of my biggest takeaways was admitting that I got something wrong.

I believe Bitcoin Core’s decision to quickly reject Luke Dashjr’s proposal while simultaneously changing the default policy limit primarily benefited the largest miners and squeezed out smaller ones.

Michael explained that the intent was actually the opposite. The concern was that Bitcoin’s relay policy had drifted away from Bitcoin’s consensus rules, creating situations where larger miners could gain an advantage. The policy change was intended to bring those back into alignment.

Whether you agree with that reasoning or not...