Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id 262F7AAC for ; Thu, 17 Dec 2015 19:44:22 +0000 (UTC) X-Greylist: from auto-whitelisted by SQLgrey-1.7.6 Received: from outmail148106.authsmtp.co.uk (outmail148106.authsmtp.co.uk [62.13.148.106]) by smtp1.linuxfoundation.org (Postfix) with ESMTP id 5D560141 for ; Thu, 17 Dec 2015 19:44:21 +0000 (UTC) Received: from mail-c232.authsmtp.com (mail-c232.authsmtp.com [62.13.128.232]) by punt23.authsmtp.com (8.14.2/8.14.2/) with ESMTP id tBHJiIt6034388; Thu, 17 Dec 2015 19:44:18 GMT Received: from muck ([72.143.228.119]) (authenticated bits=128) by mail.authsmtp.com (8.14.2/8.14.2/) with ESMTP id tBHJi9kI046594 (version=TLSv1/SSLv3 cipher=DHE-RSA-AES128-SHA bits=128 verify=NO); Thu, 17 Dec 2015 19:44:16 GMT Date: Thu, 17 Dec 2015 11:44:08 -0800 From: Peter Todd To: Tier Nolan Message-ID: <20151217194407.GB1351@muck> References: MIME-Version: 1.0 Content-Type: multipart/signed; micalg=pgp-sha256; protocol="application/pgp-signature"; boundary="gatW/ieO32f1wygP" Content-Disposition: inline In-Reply-To: X-Server-Quench: 8f4403f6-a4f6-11e5-829e-00151795d556 X-AuthReport-Spam: If SPAM / abuse - report it at: http://www.authsmtp.com/abuse X-AuthRoute: OCd2Yg0TA1ZNQRgX IjsJECJaVQIpKltL GxAVKBZePFsRUQkR aAdMdwUUHFAXAgsB AmMbWl1eVFl7WGQ7 bAhPbAFefEhMVxtr UUFWR1pVCwQmRW55 fEcXCWBycwNDcXo+ YEVkXj5TCkB+dUUr RFMFETsAeGZhPWUC WEJRIh5UcAJPfxhM bwR6UXVDAzANdhEy HhM4ODE3eDlSNhEd aAUKJlFaWkcZE2x0 ZgxNBn0iFkoDQCAy JAduZBYBB0sLel0o PEMoQ1sEMhgUQkM8 V0RKGiZdb1kIVSMx AWsA X-Authentic-SMTP: 61633532353630.1037:706 X-AuthFastPath: 0 (Was 255) X-AuthSMTP-Origin: 72.143.228.119/587 X-AuthVirus-Status: No virus detected - but ensure you scan with your own anti-virus system. X-Spam-Status: No, score=-2.6 required=5.0 tests=BAYES_00,RCVD_IN_DNSWL_LOW autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Cc: Bitcoin development mailing list Subject: Re: [bitcoin-dev] Block size: It's economics & user preparation & moral hazard X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Development Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Thu, 17 Dec 2015 19:44:22 -0000 --gatW/ieO32f1wygP Content-Type: text/plain; charset=us-ascii Content-Disposition: inline Content-Transfer-Encoding: quoted-printable On Thu, Dec 17, 2015 at 04:58:02PM +0000, Tier Nolan via bitcoin-dev wrote: > This is really the most important question. >=20 > Bitcoin is kind of like a republic where there is separation of powers > between various groups. >=20 > The power blocs in the process include >=20 > - Core Devs > - Miners > - Exchanges > - Merchants > - Customers >=20 > Complete agreement is not required for a change. If merchants and their > customers were to switch to different software, then there is little any = of > the other groups could do. If Bitcoin remains decentralized, miners have veto power over any blocksize increases. You can always soft-fork in a blocksize reduction in a decentralized blockchain that actually works. --=20 'peter'[:-1]@petertodd.org 000000000000000001bd68962863e6fa34e9776df361d4926912f52fc5f4b618 --gatW/ieO32f1wygP Content-Type: application/pgp-signature; name="signature.asc" Content-Description: Digital signature -----BEGIN PGP SIGNATURE----- iQGrBAEBCACVBQJWcxCFXhSAAAAAABUAQGJsb2NraGFzaEBiaXRjb2luLm9yZzAw MDAwMDAwMDAwMDAwMDAwMWJkNjg5NjI4NjNlNmZhMzRlOTc3NmRmMzYxZDQ5MjY5 MTJmNTJmYzVmNGI2MTgvFIAAAAAAFQARcGthLWFkZHJlc3NAZ251cGcub3JncGV0 ZUBwZXRlcnRvZC5vcmcACgkQwIXyHOf0udxbxAf9Hg2aoHWZIvFlkqI3XHc6pcLK Eh4nstrIl4E6SPfnt3ISidoJSbR3cgiJfU8TWVmP7QGOZsNkYsJ9XPWC0H2qUY70 1/5wreHORGZqLcjuaCGP1JdDImseXzuzkUPzw2XXFqS47M9XVi+TjUaJ5N+Ppa7+ zJvXl6BZIUo8Mi0aTP1gOFXAWEDGkMPrYkB3msx62aYrqKNEFuglGv3UPsqWa2py XwjRDWtidVX2oS7KE/iBrpsafhEJ/ZIhKmdojd0+Drh0u6eEAIe5m0lxr2UJnhUe 3KB0SQPa8Lja/Hf+6O5SX1+lx+rcc5uU/FN6GgYrwo9F0Tc0pd1Dm8YRbe5n/Q== =KpuU -----END PGP SIGNATURE----- --gatW/ieO32f1wygP--