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Date: Wed, 01 Jul 2015 15:49:12 -0700
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To: Tier Nolan <tier.nolan@gmail.com>
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Cc: bitcoin-dev@lists.linuxfoundation.org
Subject: Re: [bitcoin-dev] Draft BIP : fixed-schedule block size increase
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-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
(My replies below)
On 06/26/2015 06:47 AM, Tier Nolan wrote:
> On Thu, Jun 25, 2015 at 3:07 PM, Adam Back <adam@cypherspace.org
> <mailto:adam@cypherspace.org>> wrote:
>
> The hard-cap serves the purpose of a safety limit in case our
> understanding about the economics, incentives or game-theory is
> wrong worst case.
>
>
> True.
Yep.
>
> BIP 100 and 101 could be combined. Would that increase consensus?
Possibly ~ In my past message(s), I've suggested that Jeff's BIP 100
is a better alternative to Gavin's proposal(s), but that I didn't
think that this should be taken to mean that I am saying one thing is
"superior" to Gavin's work, rather, I emphasized that Gavin work with
Jeff and Adam.
At least, at this stage the things are in a BIP process.
If the BIP 100 and BIP 101 would be combined, what would that look
like on paper?
>
> - Miner vote threshold reached - Wait notice period or until
> earliest start time - Block size default target set to 1 MB - Soft
> limit set to 1MB - Hard limit set to 8MB + double every 2 years -
> Miner vote to decide soft limit (lowest size ignoring bottom 20%
> but 1MB minimum)
>
> Block size updates could be aligned with the difficulty setting
> and based on the last 2016 blocks.
>
> Miners could leave the 1MB limit in place initially. The vote is
> to get the option to increase the block size.
>
> Legacy clients would remain in the network until >80% of miners
> vote to raise the limit and a miner produces a >1MB block.
>
> If the growth rate over-estimates hardware improvements, the devs
> could add a limit into the core client. If they give notice and
> enough users update, then miners would have to accept it.
>
> The block size becomes min(miner's vote, core devs). Even if 4
> years notice is given, blocks would only be 4X optimal.
>
>
> _______________________________________________ bitcoin-dev mailing
> list bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
- --
http://abis.io ~
"a protocol concept to enable decentralization
and expansion of a giving economy, and a new social good"
https://keybase.io/odinn
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