From: Chris Pacia <ctpacia@gmail•com>
To: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] Concerns Regarding Threats by a Developer to Remove Commit Access from Other Developers
Date: Thu, 18 Jun 2015 20:57:58 -0400 [thread overview]
Message-ID: <55836916.6040002@gmail.com> (raw)
In-Reply-To: <CAOG=w-tf7qz9XSkDg5POKtFLkHWDA==jf2iVxVL8wz1hqcAVOg@mail.gmail.com>
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On 06/18/2015 06:33 PM, Mark Friedenbach wrote:
>
> * Get safe forms of replace-by-fee and child-pays-for-parent
> finished and in 0.12.
> * Develop cross-platform libraries for managing micropayment
> channels, and get wallet authors to adopt
> * Use fidelity bonds, solvency proofs, and other tricks to minimize
> the risk of already deployed off-chain solutions as an interim measure
> until:
> * Deploy soft-fork changes for truly scalable solutions like
> Lightning Network.
One of my biggest concerns is that these solutions (lightning network in
particular) could end up being worse, in terms of decentralization, than
would be a bitcoin network using larger blocks. We don't exactly know
what the economies of scale are for pay hubs and could very well end up
with far fewer hubs than nodes at any conceivable block size.
Of course, it could also turn out to be fantastic, but it seems like an
enormous gamble to basically force everyone in the ecosystem to
collectively spend millions of dollars upgrading to Lightning /and then/
see whether it's actually an improvement in terms of decentralization.
To me, a much more sane approach would be to allow people to voluntarily
opt in to those other solutions after we've had an opportunity to
experiment with them and see how they actually function in practice, but
that can't happen if the network runs out of capacity first.
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next prev parent reply other threads:[~2015-06-19 0:58 UTC|newest]
Thread overview: 60+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-06-18 8:54 odinn
2015-06-18 10:00 ` Mike Hearn
2015-06-18 11:14 ` Wladimir J. van der Laan
2015-06-18 11:47 ` Wladimir J. van der Laan
2015-06-18 13:36 ` Mike Hearn
2015-06-18 15:58 ` Gregory Maxwell
2015-06-18 12:29 ` Pieter Wuille
2015-06-18 12:50 ` Wladimir J. van der Laan
2015-06-18 12:56 ` Benjamin
2015-06-18 13:49 ` Mike Hearn
2015-06-18 14:05 ` Wladimir J. van der Laan
2015-06-18 14:16 ` Mike Hearn
2015-06-18 14:53 ` Milly Bitcoin
2015-06-18 14:56 ` Jeff Garzik
2015-06-18 15:13 ` Milly Bitcoin
2015-06-18 14:53 ` Jeff Garzik
2015-06-18 16:07 ` justusranvier
2015-06-18 16:28 ` Jeff Garzik
2015-06-18 17:04 ` justusranvier
2015-06-18 17:42 ` Alex Morcos
2015-06-18 18:01 ` Milly Bitcoin
2015-06-18 18:23 ` Gavin Andresen
2015-06-18 18:44 ` Alex Morcos
2015-06-18 18:49 ` Jorge Timón
2015-06-18 19:31 ` Ross Nicoll
2015-06-18 21:42 ` Matt Whitlock
2015-06-18 21:49 ` Mark Friedenbach
2015-06-18 21:58 ` Jeff Garzik
2015-06-18 22:33 ` Mark Friedenbach
2015-06-18 22:52 ` Jeff Garzik
2015-06-18 23:25 ` odinn
2015-06-18 23:16 ` Ross Nicoll
2015-06-19 0:57 ` Chris Pacia [this message]
2015-06-19 5:59 ` Eric Lombrozo
2015-06-19 9:37 ` Mike Hearn
2015-06-19 9:53 ` Benjamin
2015-06-19 10:08 ` GC
2015-06-19 10:19 ` Mike Hearn
2015-06-19 10:52 ` Eric Lombrozo
2015-06-19 11:31 ` Jorge Timón
2015-06-19 12:26 ` GC
2015-06-19 11:48 ` Brooks Boyd
2015-06-21 14:45 ` Owen Gunden
2015-06-18 21:55 ` Ross Nicoll
2015-06-18 19:24 ` Matt Corallo
2015-06-18 19:32 ` Gregory Maxwell
2015-06-18 12:38 ` Milly Bitcoin
2015-06-18 13:31 ` Mike Hearn
2015-06-18 13:50 ` Pieter Wuille
2015-06-18 15:03 ` Mark Friedenbach
2015-06-18 15:30 ` Milly Bitcoin
2015-06-18 15:46 ` Wladimir J. van der Laan
2015-06-18 16:05 ` Mike Hearn
2015-06-18 16:20 ` Wladimir J. van der Laan
2015-06-18 22:49 ` odinn
2015-06-18 16:11 ` Milly Bitcoin
2015-06-18 11:41 ` Lawrence Nahum
2015-06-18 14:33 ` Bryan Bishop
2015-06-18 18:09 ` Melvin Carvalho
2015-06-18 22:10 ` odinn
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