From: Peter Todd <pete@petertodd•org>
To: Tier Nolan <tier.nolan@gmail•com>
Cc: Bitcoin development mailing list <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Block size: It's economics & user preparation & moral hazard
Date: Thu, 17 Dec 2015 11:44:08 -0800 [thread overview]
Message-ID: <20151217194407.GB1351@muck> (raw)
In-Reply-To: <CAE-z3OVD67rDefFzbpuzTO0=54_hJzSfSPg735zk_vjsANmEhQ@mail.gmail.com>
[-- Attachment #1: Type: text/plain, Size: 834 bytes --]
On Thu, Dec 17, 2015 at 04:58:02PM +0000, Tier Nolan via bitcoin-dev wrote:
> This is really the most important question.
>
> Bitcoin is kind of like a republic where there is separation of powers
> between various groups.
>
> The power blocs in the process include
>
> - Core Devs
> - Miners
> - Exchanges
> - Merchants
> - Customers
>
> Complete agreement is not required for a change. If merchants and their
> customers were to switch to different software, then there is little any of
> the other groups could do.
If Bitcoin remains decentralized, miners have veto power over any
blocksize increases. You can always soft-fork in a blocksize reduction
in a decentralized blockchain that actually works.
--
'peter'[:-1]@petertodd.org
000000000000000001bd68962863e6fa34e9776df361d4926912f52fc5f4b618
[-- Attachment #2: Digital signature --]
[-- Type: application/pgp-signature, Size: 650 bytes --]
next prev parent reply other threads:[~2015-12-17 19:44 UTC|newest]
Thread overview: 31+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-12-16 14:53 Jeff Garzik
2015-12-16 18:34 ` Pieter Wuille
2015-12-16 21:08 ` Jeff Garzik
2015-12-16 21:11 ` Pieter Wuille
2015-12-17 2:06 ` Jameson Lopp
2015-12-17 16:58 ` Tier Nolan
2015-12-17 19:44 ` Peter Todd [this message]
2015-12-18 5:23 ` Jorge Timón
2015-12-18 9:44 ` Tier Nolan
2015-12-16 21:24 ` Jorge Timón
2015-12-16 21:36 ` Jeff Garzik
2015-12-18 5:11 ` Jeff Garzik
2015-12-18 7:56 ` Pieter Wuille
2015-12-18 10:13 ` sickpig
2015-12-18 15:48 ` Pieter Wuille
2015-12-19 19:04 ` Dave Scotese
[not found] ` <751DFAA9-9013-4C54-BC1E-5F7ECB7469CC@gmail.com>
2015-12-26 16:44 ` Pieter Wuille
2015-12-26 17:20 ` Jorge Timón
2015-12-26 22:55 ` Jonathan Toomim
2015-12-26 23:01 ` Pieter Wuille
2015-12-26 23:07 ` Jonathan Toomim
2015-12-26 23:16 ` Pieter Wuille
2015-12-27 0:03 ` Jonathan Toomim
2015-12-26 23:15 ` Justus Ranvier
2015-12-27 0:13 ` Bryan Bishop
2015-12-27 0:33 ` Justus Ranvier
2015-12-18 13:56 ` Jeff Garzik
2015-12-23 6:26 ` Aaron Voisine
2015-12-16 18:36 ` jl2012
2015-12-16 22:27 ` Jeff Garzik
2015-12-17 6:12 ` Dave Scotese
Reply instructions:
You may reply publicly to this message via plain-text email
using any one of the following methods:
* Save the following mbox file, import it into your mail client,
and reply-to-all from there: mbox
Avoid top-posting and favor interleaved quoting:
https://en.wikipedia.org/wiki/Posting_style#Interleaved_style
* Reply using the --to, --cc, and --in-reply-to
switches of git-send-email(1):
git send-email \
--in-reply-to=20151217194407.GB1351@muck \
--to=pete@petertodd$(echo .)org \
--cc=bitcoin-dev@lists$(echo .)linuxfoundation.org \
--cc=tier.nolan@gmail$(echo .)com \
/path/to/YOUR_REPLY
https://kernel.org/pub/software/scm/git/docs/git-send-email.html
Be sure your reply has a Subject: header at the top and a blank line
before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox