The Scaling Bitcoin Workshop in HK is just wrapping up. Many fascinating proposals were presented. I think this would be a good time to share my view of the near term arc for capacity increases in the Bitcoin system. I believe we’re in a fantastic place right now and that the community is ready to deliver on a clear forward path with a shared vision that addresses the needs of the system while upholding its values.
I think it’s important to first clearly express some of the relevant principles that I think should guide the ongoing development of the Bitcoin system.