From: Tom Zander <tomz@freedommail•ch>
To: bitcoin-dev@lists•linuxfoundation.org,
Ryan J Martin <rjmarti2@millersville•edu>
Subject: Re: [bitcoin-dev] Hard fork proposal from last week's meeting
Date: Thu, 30 Mar 2017 12:30:49 +0200 [thread overview]
Message-ID: <1715389.dpD6Bbpm7b@strawberry> (raw)
In-Reply-To: <127281C1AA02374F8AAD9EE04FAE878A0218E8B825@STUDMail1.muad.local>
On Thursday, 30 March 2017 07:23:31 CEST Ryan J Martin via bitcoin-dev
wrote:
> The original post and the assorted limit proposals---lead me to
> something I think is worth reiterating: assuming Bitcoin adoption
> continues to grow at similar or accelerating rates, then eventually the
> mempool is going to be filled with thousands of txs at all times whether
> block limits are 1MB or 16MB
This is hopefully true. :)
There is an unbounded amount of demand for block space, and as such it
doesn’t benefit anyone if the amount of free transactions get out of hand.
Because freeloaders would definitely be able to completely suffocate Bitcoin.
In the mail posted by OP he makes clear that this is a proposal for a hard
fork to change the block size *limit*. The actual block size would not be
changed at the same time, it will continue being set based on market values
or whatever we decide between now and then.
The block size itself should be set based on the amount of fees being paid
to miners to make a block.
What we want is a true fee-market where the miner can decide to make a block
smaller to get people to pay more fees, because if we were to go to 16MB
blocks in one go, the cost of the miner would go up, but his reward based on
fees will go down!
A block so big that 100% of the transactions will always be mined in the
next block will just cause a large section of people to no longer feel the
need to pay fees.
As such I don’t fear the situation where the block size limit goes up a lot
in one go, because it is not in anyone’s interest to make the actual block
size follow.
--
Tom Zander
Blog: https://zander.github.io
Vlog: https://vimeo.com/channels/tomscryptochannel
next prev parent reply other threads:[~2017-03-30 10:30 UTC|newest]
Thread overview: 81+ messages / expand[flat|nested] mbox.gz Atom feed top
2017-03-28 16:59 Wang Chun
2017-03-28 17:13 ` Matt Corallo
2017-03-29 8:45 ` Jared Lee Richardson
2017-03-28 17:23 ` Alphonse Pace
2017-03-28 17:31 ` Wang Chun
2017-03-28 17:33 ` Jeremy
2017-03-28 17:50 ` Douglas Roark
2017-03-28 17:33 ` Juan Garavaglia
2017-03-28 17:53 ` Alphonse Pace
2017-03-28 22:36 ` Juan Garavaglia
2017-03-29 2:59 ` Luv Khemani
2017-03-29 6:24 ` Emin Gün Sirer
2017-03-29 15:34 ` Johnson Lau
2017-04-01 16:15 ` Leandro Coutinho
2017-03-29 9:16 ` Jared Lee Richardson
2017-03-29 16:00 ` Aymeric Vitte
2017-03-28 17:34 ` Johnson Lau
2017-03-28 17:46 ` Luke Dashjr
2017-03-28 20:50 ` Tom Zander
2017-03-29 4:21 ` Johnson Lau
2017-03-28 20:48 ` Tom Zander
2017-03-29 6:32 ` Bram Cohen
2017-03-29 9:37 ` Jorge Timón
2017-03-29 19:07 ` Jared Lee Richardson
2017-04-02 19:02 ` Staf Verhaegen
2017-03-29 7:49 ` Martin Lízner
2017-03-29 15:57 ` David Vorick
2017-03-29 16:08 ` Aymeric Vitte
[not found] ` <CAFVRnyo1XGNbq_F8UfqqJWHCVH14iMCUMU-R5bOh+h3mtwSUJg@mail.gmail.com>
2017-03-29 16:18 ` David Vorick
2017-03-29 16:20 ` Andrew Johnson
2017-03-29 16:25 ` David Vorick
2017-03-29 16:41 ` Andrew Johnson
2017-03-29 17:14 ` Aymeric Vitte
2017-03-29 20:53 ` Jared Lee Richardson
2017-03-29 20:32 ` Jared Lee Richardson
2017-03-29 21:36 ` praxeology_guy
2017-03-29 22:33 ` Aymeric Vitte
2017-03-30 5:23 ` Ryan J Martin
2017-03-30 10:30 ` Tom Zander [this message]
2017-03-30 16:44 ` Jared Lee Richardson
2017-03-30 20:51 ` Jared Lee Richardson
2017-03-30 21:57 ` Tom Zander
[not found] ` <CAD1TkXvx=RKvjC8BUstwtQxUUQwG4eiU9XmF1wr=bU=xcVg5WQ@mail.gmail.com>
2017-03-30 10:13 ` Aymeric Vitte
2017-03-29 19:46 ` Jared Lee Richardson
2017-03-29 19:10 ` Jared Lee Richardson
2017-03-29 19:36 ` praxeology_guy
2017-04-02 19:12 ` Staf Verhaegen
2017-03-28 19:56 Paul Iverson
2017-03-28 20:16 ` Pieter Wuille
2017-03-28 20:43 ` Tom Zander
2017-03-28 20:53 ` Alphonse Pace
2017-03-28 21:06 ` Luke Dashjr
2017-03-29 19:33 Daniele Pinna
2017-03-29 20:28 ` Peter R
2017-03-29 22:17 ` Jared Lee Richardson
2017-03-29 20:28 ` David Vorick
2017-03-29 22:08 ` Jared Lee Richardson
2017-03-30 7:11 ` Luv Khemani
2017-03-30 17:16 ` Jared Lee Richardson
2017-03-31 4:21 ` Luv Khemani
2017-03-31 5:28 ` Jared Lee Richardson
2017-03-31 8:19 ` Luv Khemani
2017-03-31 15:59 ` Jared Lee Richardson
2017-03-31 16:14 ` David Vorick
2017-03-31 16:46 ` Jared Lee Richardson
2017-03-31 18:23 ` David Vorick
2017-03-31 18:58 ` Eric Voskuil
2017-04-01 6:15 ` Jared Lee Richardson
2017-03-29 19:50 Raystonn .
2017-03-30 10:34 ` Tom Zander
2017-03-30 11:19 ` David Vorick
2017-03-30 21:42 ` Jared Lee Richardson
2017-03-30 11:24 ` Aymeric Vitte
2017-03-31 21:23 Rodney Morris
2017-03-31 23:13 ` Eric Voskuil
[not found] ` <CABerxhGeofH4iEonjB1xKOkHcEVJrR+D4QhHSw5cWYsjmW4JpQ@mail.gmail.com>
2017-04-01 1:41 ` Rodney Morris
2017-04-01 6:18 ` Jared Lee Richardson
2017-04-01 7:41 ` Eric Voskuil
[not found] ` <CAAt2M1_sHsCD_AX-vm-oy-4tY+dKoDAJhfVUc4tnoNBFn-a+Dg@mail.gmail.com>
[not found] ` <CAAt2M19Gt8PmcPUGUHKm2kpMskpN4soF6M-Rb46HazKMV2D9mg@mail.gmail.com>
2017-04-01 14:45 ` Natanael
[not found] ` <CAD1TkXusCe-O3CGQkXyRw_m3sXS9grGxMqkMk8dOvFNXeV5zGQ@mail.gmail.com>
2017-04-01 18:42 ` Jared Lee Richardson
[not found] ` <CAAt2M1_kuCBQWd9dis5UwJX8+XGVPjjiOA54aD74iS2L0cYcTQ@mail.gmail.com>
[not found] ` <CAAt2M19Nr2KdyRkM_arJ=LBnqDQQyLQ2QQ-UBC8=gFnemCdPMg@mail.gmail.com>
2017-04-01 13:26 ` Natanael
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