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authorAdam Back <adam@cypherspace.org>2015-09-08 14:13:16 +0100
committerbitcoindev <bitcoindev@gnusha.org>2015-09-08 13:13:18 +0000
commit8c60ceb2f110bc4b16a2c68ce08d176caa2a90eb (patch)
tree4d51bddbaeacf60950fbefa354795ea8bf8bd390
parentf3b30845a2c68c4b1452074e500fdef96eafe850 (diff)
downloadpi-bitcoindev-8c60ceb2f110bc4b16a2c68ce08d176caa2a90eb.tar.gz
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Re: [bitcoin-dev] Dynamic limit to the block size - BIP draft discussion
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+Date: Tue, 8 Sep 2015 14:13:16 +0100
+Message-ID: <CALqxMTERUFEFgJ4quz2dWLRw9fD3DkBp-6RO4cuvdBGV2MSyhw@mail.gmail.com>
+From: Adam Back <adam@cypherspace.org>
+To: Ivan Brightly <ibrightly@gmail.com>
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+Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>,
+ Washington Sanchez <washington.sanchez@gmail.com>
+Subject: Re: [bitcoin-dev] Dynamic limit to the block size - BIP draft
+ discussion
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+The maximum block-size is one that can be filled at zero-cost by
+miners, and so allows some kinds of amplification of selfish-mining
+related attacks.
+
+Adam
+
+
+On 8 September 2015 at 13:28, Ivan Brightly via bitcoin-dev
+<bitcoin-dev@lists.linuxfoundation.org> wrote:
+> This is true, but miners already control block size through soft caps.
+> Miners are fully capable of producing smaller blocks regardless of the max
+> block limit, with or without collusion. Arguably, there is no need to ever
+> reduce the max block size unless technology advances for some reason reverse
+> course - aka, WW3 takes a toll on the internet and the average bandwidth
+> available halves. The likelihood of significant technology contraction in
+> the near future seems rather unlikely and is more broadly problematic for
+> society than bitcoin specifically.
+>
+> The only reason for reducing the max block limit other than technology
+> availability is if you think that this is what will produce the fee market,
+> which is back to an economic discussion - not a technology scaling
+> discussion.
+>
+> On Tue, Sep 8, 2015 at 4:49 AM, Btc Drak via bitcoin-dev
+> <bitcoin-dev@lists.linuxfoundation.org> wrote:
+>>
+>> > but allow meaningful relief to transaction volume pressure in response
+>> > to true market demand
+>>
+>> If blocksize can only increase then it's like a market that only goes
+>> up which is unrealistic. Transaction will volume ebb and flow
+>> significantly. Some people have been looking at transaction volume
+>> charts over time and all they can see is an exponential curve which
+>> they think will go on forever, yet nothing goes up forever and it will
+>> go through significant trend cycles (like everything does). If you
+>> dont want to hurt the fee market, the blocksize has to be elastic and
+>> allow contraction as well as expansion.
+>
+>
+> _______________________________________________
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+> bitcoin-dev@lists.linuxfoundation.org
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+>
+