From: Peter Todd <pete@petertodd•org>
To: Pieter Wuille <pieter.wuille@gmail•com>
Cc: bitcoin-dev@lists•linuxfoundation.org
Subject: Re: [bitcoin-dev] Draft BIP : fixed-schedule block size increase
Date: Tue, 23 Jun 2015 16:50:43 -0400 [thread overview]
Message-ID: <20150623205042.GB18677@muck> (raw)
In-Reply-To: <CAPg+sBj0Zk-k7fjams1YWFESDYHHp+r=NeFQAnVgghppNKDGxg@mail.gmail.com>
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On Tue, Jun 23, 2015 at 10:26:38PM +0200, Pieter Wuille wrote:
> On Tue, Jun 23, 2015 at 10:12 PM, Gavin Andresen <gavinandresen@gmail•com>
> wrote:
>
> > On Tue, Jun 23, 2015 at 3:28 PM, Peter Todd <pete@petertodd•org> wrote:
> >
> >> Wladimir noted that 'The original presented intention of block size
> >> increase was a one-time "scaling" to grant time for more decentralizing
> >> solutions to develop'
> >>
> >> Comments?
> >>
> >
> > Consensus is that this process is too painful to go through once a year.
> > I agree.
> >
>
> If you believe we will need to go through this process once a year, we are
> not talking about a one-time scaling to grant time for more decentralizing
> solutions. It means you think we should keep scaling. I don't disagree
> there - as long as we're talking about scaling as availability of
> bandwidth, storage and processing power increase, there is no reason
> Bitcoin's blockchain can't grow proportionally.
>
> However, an initial bump 8 MB and the growth rate afterwards seem more like
> a no-effectively-limit-ever to me.
In particular, note how this bump is being proposed at a time when
blockchain space demand is so low that transactions usually cost well
under a penny each, a insignificant amount of money for almost all
use-cases.
> I fear that the wish of not wanting to deal with - admittedly - a very hard
> problem, resulted here in throwing away several protections we currently
> have. And yes, I know you believe 8 MB won't be created immediately. I
> truly, honestly, do not think so either. But I prefer a system where I
> don't need to rely on anyone's guesses for the future.
In that regard Jeff Garzik's proposal of a blocksize increase with a
miner vote feedback mechanism is a huge improvement over Gavin's
proposal.
--
'peter'[:-1]@petertodd.org
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next prev parent reply other threads:[~2015-06-23 20:50 UTC|newest]
Thread overview: 62+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-06-22 18:18 Gavin Andresen
2015-06-22 18:33 ` Tier Nolan
2015-06-22 18:46 ` Gavin Andresen
2015-06-22 19:10 ` Martin Schwarz
2015-06-22 19:28 ` Tier Nolan
2015-06-22 19:54 ` Gavin Andresen
2015-06-22 20:12 ` Peter Todd
2015-06-22 19:23 ` Peter Todd
2015-06-23 7:35 ` Ross Nicoll
2015-08-17 15:58 ` Jorge Timón
2015-06-23 19:16 ` Peter Todd
2015-06-22 20:27 ` Kalle Rosenbaum
2015-06-22 20:46 ` Gavin Andresen
2015-06-22 20:51 ` Gavin Andresen
2015-06-22 21:52 ` Mark Friedenbach
2015-06-23 19:28 ` Peter Todd
2015-06-23 20:12 ` Gavin Andresen
2015-06-23 20:26 ` Pieter Wuille
2015-06-23 20:50 ` Peter Todd [this message]
2015-06-24 6:14 ` grarpamp
2015-06-23 20:46 ` Peter Todd
2015-06-23 21:24 ` Gavin Andresen
2015-06-26 19:08 ` Peter Todd
2015-06-26 22:01 ` Ivan Brightly
2015-06-26 19:25 ` Peter Todd
2015-06-26 22:16 ` Simon Liu
2015-06-27 2:14 ` Milly Bitcoin
2015-06-23 20:55 ` Roy Badami
2015-06-24 1:43 ` odinn
2015-06-24 3:05 ` William Madden
2015-06-24 3:49 ` Jeff Garzik
2015-06-24 13:06 ` Will
2015-06-24 13:44 ` Gavin Andresen
2015-06-25 0:32 ` Pindar Wong
2015-06-25 13:50 ` Gareth Williams
2015-06-25 14:07 ` Adam Back
2015-06-26 13:47 ` Tier Nolan
2015-06-26 15:13 ` Will
2015-06-26 17:39 ` Gavin Andresen
2015-06-26 19:07 ` Will
2015-07-01 22:49 ` odinn
2015-08-17 13:15 ` Tier Nolan
2015-08-17 13:18 ` Clément Elbaz
2015-08-19 3:45 ` odinn
2015-08-17 16:11 ` Jorge Timón
2015-06-26 21:07 ` Carsten Otto
2015-06-22 19:32 Jean-Paul Kogelman
2015-06-22 20:43 ` Tier Nolan
2015-06-22 20:54 ` Peter Todd
2015-06-22 21:04 ` Stephen Morse
2015-06-22 21:32 ` Ross Nicoll
2015-08-17 15:54 ` Jorge Timón
2015-06-22 21:21 ` Gavin Andresen
2015-06-22 21:39 ` Patrick Strateman
2015-06-22 21:48 ` Tier Nolan
2015-06-23 7:59 Ross Nicoll
2015-06-24 4:31 Raystonn
2015-06-24 17:05 ` Mark Friedenbach
2015-06-24 17:24 ` Roy Badami
2015-06-24 17:23 Raystonn
2015-06-24 17:24 ` Allen Piscitello
2015-06-24 17:28 ` Roy Badami
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