Bitmain which runs one of the top two Bitcoin mining pools in the world, Antpool would like to see the hard fork code discussed in the Hong Kong agreement implemented in a release of Bitcoin Core.
Bitmain CEO Jihan Wu recently expressed about his current thoughts on Segregated Witness (SegWit), hard forks and the recent Beijing meeting between BIP 109 supporters and the Chinese Bitcoin mining industry. He would like to see the hard fork code discussed in the Hong Kong agreement implemented in a release of Bitcoin Core before running the Segregated Witness code in a production environment.
Wu said to Bitcoin Magazine that, “We are waiting for the July hard fork code promised in the February Hong Kong meeting. We and other mining pools will want to talk to Core again after the hard fork code is public before we take next steps.”
Few of those contributors who signed the Hong Kong agreement met in New York recently to discuss on the proposed hard fork. The discussion revealed that details of the proposed hard fork are expected to be known soon.
While Antpool is inclined with the Hong Kong agreement, Wu is worried whether Bitcoin Core will implement an increase to the block size limit. He noted an economic term saying that block space has a 'perfectly inelastic supply'.
Talking about the blockchain size limit, Wu said, “The block size increase is, after all, a short term solution for emergency problems. Delaying to increase the block size will bring lots of problems, which mostly become the pain of Bitcoin enterprises such as exchanges and wallets. We need to do it faster.”
He also noted the possibility of a disaster if the block size limit is not increased that would be caused by transaction delays and fee increases.
