The Crypto Show recently interviewed Johnny Dilley , who runs strategy at Blockstream . Dilley shared his views on the future of Bitcoin’s block size limit, and explained why he’s not worried that a solution has yet to be chosen. Dilley’s calm demeanor in regard to the block size issue seems to be partially based on his excitement over various improvements that are making their way to Bitcoin via soft forks .
That a Hard Fork Hasn’t Happened Is Bullish for Bitcoin
When asked about the lack of a hard fork to a larger block size limit up to this point, Dilley said that nothing is likely to change over the short term. He explained: “I think, today, we’re still no closer to any short-term movement (six months to a year) on the block size issue . That just has to do with the fact that driving consensus in a system that’s designed to not force anyone to do anything is difficult ‒ and that’s actually a good thing.” Dilley expounded on his view, which has been also been expressed by Bitcoin Core contributor Cory Fields and others, that the difficulties with coming to consensus on changes in Bitcoin is a good thing. The former member of the Pantera Capital team stated: “The fact that there is considerable tension and the fact that a hard fork hasn’t happened is actually the most-encouraging, most-bullish sign for Bitcoin that there’s been in two years. It means that the system works. The fact that it’s difficult to make controversial changes to Bitcoin is a really good sign. It means it’s very resilient to attempts to overturn outstanding or current governance status.” Dilley added a disclaimer to his bullish tone, stating, “To be clear, I’m the most bullish Bitcoiner I know.”
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