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authorJorge Timón <jtimon@jtimon.cc>2015-06-28 14:13:52 +0200
committerbitcoindev <bitcoindev@gnusha.org>2015-06-28 12:13:55 +0000
commit290fec8f407a65e1f25e8f297732b679363f222c (patch)
tree3a12865c574773ed50fe23af380beee7400d5060
parent08aec54d9bf55418e40c3d90a2596899d266dce4 (diff)
downloadpi-bitcoindev-290fec8f407a65e1f25e8f297732b679363f222c.tar.gz
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Re: [bitcoin-dev] The need for larger blocks
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+Date: Sun, 28 Jun 2015 14:13:52 +0200
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+Subject: Re: [bitcoin-dev] The need for larger blocks
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+On Sat, Jun 27, 2015 at 2:10 PM, NxtChg <nxtchg@hush.com> wrote:
+>
+> On 6/27/2015 at 2:04 PM, "Jorge Tim=C3=B3n" <jtimon@jtimon.cc> wrote:
+>
+>>But that option is not unknown...
+>
+> It is, until it actually happens. Before that, anything is a speculation.=
+ That's why risk is attached to both "doing nothing" and "raising the limit=
+".
+
+Fortunately we have a lower limit in the standard mining policy to see
+if the skies turn purple when we hit that limit like some people
+predict.
+
+> Various people perceive these risks differently and there is no clear mec=
+hanism currently to somehow gauge what the majority wants. So it's tempting=
+ to just give up and say: let's do nothing.
+>
+> In this situation, doing a "software fork" seems like the only way to act=
+ually see how many people/interests are in favor of bigger blocks.
+
+But this is NOT a way to see the majority of anything. I can run 1000
+nodes, have you heard of sybil attacks?
+There's simply no decentralized way of voting that works. Otherwise we
+could vote on each block instead of using proof of work.
+Miners voting on size is also ridiculous since big miners have an
+incentive to completely remove the limit and make smaller miners
+unprofitable.
+
+> (Whether the majority has a moral right to dictate the minority is a toug=
+h philosophical question, which should probably be left out of this discuss=
+ion :)
+
+No, this is very important. The majority has no right to dictate on
+the minority.
+If the majority of bitcoiners wanted demurrage (and we actually had a
+working method for "measuring majorities"), the minority would still
+say "these are not the rules we signed up for, go make freicoin as a
+separate chain".
+And that is very reasonable. If some people want a more centralized
+version of Bitcoin they can create an altcoin too. Doesn't dogecoin
+already have big blocks?
+