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Date: Sat, 19 Dec 2015 10:48:33 -0800
From: Peter Todd <pete@petertodd.org>
To: Santino Napolitano <santino.napolitano@yandex.com>
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Subject: Re: [bitcoin-dev] Segregated witness softfork with moderate
adoption has very small block size effect
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On Sat, Dec 19, 2015 at 09:37:06PM +0300, Santino Napolitano wrote:
> I disagree. I think all client-side adoption of SW reliably tells you is =
that those implementers saw value in it greater than the cost of implementa=
tion. It's possible what they valued was the malleability fix and didn't se=
e the limited potential circumvention of MAX_BLOCK_SIZE material to their d=
ecision.
>=20
> They could just as easily attach an OP_RETURN output to all of their tran=
sactions which pushes "big blocks please" which would more directly indicat=
e their preference for larger blocks. You could also let hand-signed letter=
s from the heads of businesses explicitly stating their desire speak for th=
eir intentions vs. any of this nonsense. Or the media interviews, forum com=
ments, tweets, etc...
Note that English-language measures of Bitcoin usage/activity are very
misleading, as a significant - probably super majority - of economnic
activity happens outside the English language, Western world.
Centralized forums such as twitter and reddit are easily censored and
manipulated. Finally, we can't discount the significant amount of
non-law-abiding Bitcoin economic activity that does happen, and I do not
believe we should adopt consensus-building processes that shut those
stakeholders out of the discussion.
As an aside, I have a friend of mine who made a Bitcoin related product
with non-culturally-specific appeal. I asked where she was shipping her
product, and it turned out that a super majority went to
non-English-speaking countries. (she might be willing to go on public
record about this; I can ask)
--=20
'peter'[:-1]@petertodd.org
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