From: Tom Harding <tomh@thinlink•com>
To: Adam Back <adam@cypherspace•org>
Cc: bitcoin-dev@lists•linuxfoundation.org
Subject: Re: [bitcoin-dev] A Proposed Compromise to the Block Size Limit
Date: Mon, 29 Jun 2015 17:42:36 -0700 [thread overview]
Message-ID: <5591E5FC.4040003@thinlink.com> (raw)
In-Reply-To: <CALqxMTGd1mB4Sra=ORV=d0y1v8KzUQnK8=MX2_MFP1NuMnPm+Q@mail.gmail.com>
On 6/28/2015 3:07 PM, Adam Back wrote:
> We dont know what that limit is but people have been imagining 1,000
> or 10,000 transactions per anchor transaction. Basically users would
> park Bitcoins a on a hub channel instead of the blockchain.
This re-introduces a solved problem (solved by bitcoin better than
anything else) - worrying whether your "payment hub" actually connects
to whom you wish to pay.
There will be enormous network effects and centralization pressure in
the payment-hub space. A few entities, maybe single entity, should be
expected to quickly corner the market and own the whole thing.
This concept is far too untested to justify amateur economic meddling in
the bitcoin fee market by setting a restrictive hard cap below technical
feasibility.
I can guess exactly who would want to keep bitcoin from improving:
*those who hope to be the future payment hub oligarchs*.
next prev parent reply other threads:[~2015-06-30 0:42 UTC|newest]
Thread overview: 43+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-06-28 5:34 Raystonn
2015-06-28 10:07 ` Adam Back
2015-06-28 10:29 ` Benjamin
2015-06-28 12:37 ` Adam Back
2015-06-28 16:32 ` Raystonn .
2015-06-28 17:12 ` Mark Friedenbach
2015-06-28 17:18 ` Benjamin
2015-06-28 17:29 ` Gavin Andresen
2015-06-28 17:45 ` Mark Friedenbach
2015-06-28 17:51 ` Adam Back
2015-06-28 18:58 ` Adam Back
2015-06-28 21:05 ` Gavin Andresen
2015-06-28 21:23 ` Michael Naber
2015-06-28 22:07 ` Adam Back
2015-06-29 0:59 ` Eric Lombrozo
2015-06-29 1:13 ` Eric Lombrozo
2015-06-29 1:45 ` Andy Schroder
2015-06-30 0:42 ` Tom Harding [this message]
2015-07-10 2:55 ` Tom Harding
2015-06-28 17:53 ` Jorge Timón
2015-06-28 19:22 ` Andrew Lapp
2015-06-28 19:40 ` Benjamin
2015-06-28 12:32 ` Milly Bitcoin
-- strict thread matches above, loose matches on Subject: below --
2015-06-27 14:39 Michael Naber
2015-06-27 15:21 ` Peter Todd
2015-06-27 15:29 ` Randi Joseph
2015-06-27 15:32 ` Peter Todd
2015-06-27 16:19 ` Michael Naber
2015-06-27 17:20 ` Peter Todd
2015-06-27 17:26 ` Benjamin
2015-06-27 17:37 ` Peter Todd
2015-06-27 17:46 ` Benjamin
2015-06-27 17:54 ` Peter Todd
2015-06-27 17:58 ` Venzen Khaosan
2015-06-27 19:34 ` Benjamin
2015-06-27 15:33 ` Adam Back
2015-06-27 16:09 ` Michael Naber
2015-06-27 16:28 ` Mark Friedenbach
2015-06-27 16:37 ` Peter Todd
2015-06-27 17:25 ` Michael Naber
2015-06-27 17:34 ` Peter Todd
2015-06-27 18:02 ` Jameson Lopp
2015-06-27 18:47 ` Peter Todd
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