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From: Adam Back <adam@cypherspace.org>
To: Jim Phillips <jim@ergophobia.org>
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Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] A reason we can all agree on to increase block
size
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If block-sizes are increased in a way detrimental to the Chinese miners, it
is not the Chinese miners that lose, it is all of the non-Chinese miners -
this is because the Chinese miners have the slight majority of the
hashrate. The relatively low external bandwidth connecting China to the
net is actually the problem of the non-Chinese miners problem. Non Chinese
miners will experience higher orphan rate once Chinese miners cease to
build on top of blocks that are too large to sync in a timely fashion into
China.
Adam
On 2 August 2015 at 23:02, Jim Phillips via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:
> China is a communist country. It is no secret that all "capitalist"
> enterprises are essentially State controlled, or at the very least are
> subject to nationalization should the State deem it necessary. Most ASIC
> chips are manufactured in China, so they are cheap and accessible to
> Chinese miners. Electricity is subsidized and essentially free. Cooling is
> not an issue since large parts of China are mountainous and naturally cool.
> In short the Chinese miners have HUGE advantages over all other mining
> operations. This is probably why, between just the top 4 Chinese miners,
> the People's Republic of China effectively controls 57% of all the Bitcoin
> being mined.
>
> The ONLY disadvantage the Chinese miners have in competing with the rest
> of the world is bandwidth. China has poor connectivity with the rest of the
> world, and Chinese miners have said that an increase in the block size
> would be detrimental to them. I say, GOOD! Most of the free world has
> enough bandwidth to be able to handle larger blocks. We need to take
> advantage of that fact to get mining out of the centralized control of the
> Chinese.
>
> If you're truly worried about larger blocks causing centralization, think
> about how, by restricting blocksize, you're enabling the Communist Chinese
> government to maintain centralized control over 57% of the Bitcoin hashing
> power.
>
> --
> *James G. Phillips IV*
> <https://plus.google.com/u/0/113107039501292625391/posts>
> <http://www.linkedin.com/in/ergophobe>
>
> *"Don't bunt. Aim out of the ball park. Aim for the company of immortals."
> -- David Ogilvy*
>
> *This message was created with 100% recycled electrons. Please think
> twice before printing.*
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
--001a11353390007277051c625b71
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr">If block-sizes are increased in a way detrimental to the C=
hinese miners, it is not the Chinese miners that lose, it is all of the non=
-Chinese miners - this is because the Chinese miners have the slight majori=
ty of the hashrate.=C2=A0 The relatively low external bandwidth connecting =
China to the net is actually the problem of the non-Chinese miners problem.=
=C2=A0 Non Chinese miners will experience higher orphan rate once Chinese m=
iners cease to build on top of blocks that are too large to sync in a timel=
y fashion into China.<div><br>Adam</div></div><div class=3D"gmail_extra"><b=
r><div class=3D"gmail_quote">On 2 August 2015 at 23:02, Jim Phillips via bi=
tcoin-dev <span dir=3D"ltr"><<a href=3D"mailto:bitcoin-dev@lists.linuxfo=
undation.org" target=3D"_blank">bitcoin-dev@lists.linuxfoundation.org</a>&g=
t;</span> wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0=
.8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr"><div>Ch=
ina is a communist country. It is no secret that all "capitalist"=
enterprises are essentially State controlled, or at the very least are sub=
ject to nationalization should the State deem it necessary. Most ASIC chips=
are manufactured in China, so they are cheap and accessible to Chinese min=
ers. Electricity is subsidized and essentially free. Cooling is not an issu=
e since large parts of China are mountainous and naturally cool. In short t=
he Chinese miners have HUGE advantages over all other mining operations. Th=
is is probably why, between just the top 4 Chinese miners, the People's=
Republic of China effectively controls 57% of all the Bitcoin being mined.=
</div><div><br></div><div>The ONLY disadvantage the Chinese miners have in =
competing with the rest of the world is bandwidth. China has poor connectiv=
ity with the rest of the world, and Chinese miners have said that an increa=
se in the block size would be detrimental to them. I say, GOOD! Most of the=
free world has enough bandwidth to be able to handle larger blocks. We nee=
d to take advantage of that fact to get mining out of the centralized contr=
ol of the Chinese.</div><div><br></div><div>If you're truly worried abo=
ut larger blocks causing centralization, think about how, by restricting bl=
ocksize, you're enabling the Communist Chinese government to maintain c=
entralized control over 57% of the Bitcoin hashing power.</div><div><br></d=
iv><div><div><div>--<div><b>James G. Phillips IV</b>=C2=A0<a href=3D"https:=
//plus.google.com/u/0/113107039501292625391/posts" style=3D"font-size:x-sma=
ll" target=3D"_blank"><img src=3D"https://ssl.gstatic.com/images/icons/gplu=
s-16.png"></a>=C2=A0<a href=3D"http://www.linkedin.com/in/ergophobe" target=
=3D"_blank"><img src=3D"http://developer.linkedin.com/sites/default/files/L=
inkedIn_Logo16px.png"></a></div></div><div><font size=3D"1"><i>"Don=
9;t bunt. Aim out of the ball park. Aim for the company of immortals."=
-- David Ogilvy<br></i></font><div><font size=3D"1"><br></font></div></div=
><div><font size=3D"1"><img src=3D"http://findicons.com/files/icons/1156/fu=
gue/16/leaf.png">=C2=A0<em style=3D"background-color:rgb(255,255,255);font-=
family:verdana,geneva,sans-serif;line-height:16px;color:green">This message=
was created with 100% recycled electrons. Please think twice before printi=
ng.</em></font></div></div></div>
</div>
<br>_______________________________________________<br>
bitcoin-dev mailing list<br>
<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.=
linuxfoundation.org</a><br>
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
rel=3D"noreferrer" target=3D"_blank">https://lists.linuxfoundation.org/mail=
man/listinfo/bitcoin-dev</a><br>
<br></blockquote></div><br></div>
--001a11353390007277051c625b71--
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