From: Tom Harding <tomh@thinlink•com>
To: "Jorge Timón" <jtimon@jtimon•cc>
Cc: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Răspuns: Personal opinion on the fee market from a worried local trader
Date: Thu, 30 Jul 2015 13:53:36 -0700 [thread overview]
Message-ID: <55BA8ED0.4080600@thinlink.com> (raw)
In-Reply-To: <CABm2gDoh69a0335uLhwVndwwLiYtZEVdCvNsrCtHiRAVrSqkaQ@mail.gmail.com>
On 7/30/2015 11:14 AM, Jorge Timón wrote:
> The blocksize limit (your "production quota") is necessary for
> decentralization, not for having a functioning fee market.
> If we can agree that hitting the limit will JUST cause higher fees and
> not bitcoin to fail, puppies to die or the sky to turn purple I think
> that's a great step forward in this debate.
It's interesting how people see things differently. I think your first
statement above represents a great step forward in the debate. Unlike
Adam Back, you state that a block size limit is not necessary to create
a functioning fee market.
As to your second statement, unfortunately for immediate harmonious
relations, I was merely separating out the elevated fee market concern,
not at all saying it is the only or even the biggest concern with
limited capacity. Alan Reiner, Ryan X. Charles and others have
eloquently explained how restrictive a 1MB limit is, even with "layer 2".
What's missing from the decentralization dialog is a quantitative
measure of decentralization.
Why not slam users with higher fees now, if we accept that they may be
necessary someday? For the same reasons you don't ask a child, age 5, to
work in a factory.
next prev parent reply other threads:[~2015-07-30 20:53 UTC|newest]
Thread overview: 21+ messages / expand[flat|nested] mbox.gz Atom feed top
[not found] <CADZB0_ZgDMhVgCUh2PTAPDL7k_W8QGt_HLYdkwv_qQ5xEMn8HA@mail.gmail.com>
2015-07-29 14:09 ` Vali Zero
2015-07-29 17:47 ` Raystonn .
2015-07-29 22:54 ` s7r
2015-07-30 3:41 ` Ryan Butler
2015-07-30 4:00 ` Adam Back
2015-07-30 4:05 ` Adam Back
2015-07-30 4:48 ` Ryan Butler
2015-07-30 13:14 ` Tom Harding
2015-07-30 14:25 ` Dave Hudson
2015-07-30 14:57 ` Tom Harding
2015-07-30 18:14 ` Jorge Timón
2015-07-30 18:16 ` Jorge Timón
2015-07-30 20:53 ` Tom Harding [this message]
2015-07-31 1:21 ` Jorge Timón
2015-07-31 1:29 ` Jorge Timón
2015-07-31 9:56 ` Thomas Zander
2015-07-31 12:32 ` Oleg Andreev
2015-07-31 15:24 ` Jorge Timón
2015-07-30 12:45 ` Ivan Brightly
2015-07-30 4:07 ` Jean-Paul Kogelman
2015-07-30 9:52 ` odinn
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=55BA8ED0.4080600@thinlink.com \
--to=tomh@thinlink$(echo .)com \
--cc=bitcoin-dev@lists$(echo .)linuxfoundation.org \
--cc=jtimon@jtimon$(echo .)cc \
/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