From: jl2012@xbt•hk
To: Pieter Wuille <pieter.wuille@gmail•com>
Cc: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Fees and the block-finding process
Date: Fri, 07 Aug 2015 14:17:32 -0400 [thread overview]
Message-ID: <6786132febd22f90c4107285920d76ca@xbt.hk> (raw)
In-Reply-To: <CAPg+sBiaT-2sjedA1mLOQo+q7=DjJ2yRuy7E4Gb3Wn8R-DzRTQ@mail.gmail.com>
Pieter Wuille via bitcoin-dev 於 2015-08-07 12:28 寫到:
> On Fri, Aug 7, 2015 at 5:55 PM, Gavin Andresen
> <gavinandresen@gmail•com> wrote:
>
>> On Fri, Aug 7, 2015 at 11:16 AM, Pieter Wuille
>> <pieter.wuille@gmail•com> wrote:
>>
>>> I guess my question (and perhaps that's what Jorge is after): do
>>> you feel that blocks should be increased in response to (or for
>>> fear of) such a scenario.
>>
>> I think there are multiple reasons to raise the maximum block size,
>> and yes, fear of Bad Things Happening as we run up against the 1MB
>> limit is one of the reasons.
>>
>> I take the opinion of smart engineers who actually do resource
>> planning and have seen what happens when networks run out of
>> capacity very seriously.
>
> This is a fundamental disagreement then. I believe that the demand is
> infinite if you don't set a fee minimum (and I don't think we should),
> and it just takes time for the market to find a way to fill whatever
> is available - the rest goes into off-chain systems anyway. You will
> run out of capacity at any size, and acting out of fear of that
> reality does not improve the system. Whatever size blocks are actually
> produced, I believe the result will either be something people
> consider too small to be competitive ("you mean Bitcoin can only do 24
> transactions per second?" sounds almost the same as "you mean Bitcoin
> can only do 3 transactions per second?"), or something that is very
> centralized in practice, and likely both.
What if we reduce the block size to 0.125MB? That will allow 0.375tx/s.
If 3->24 sounds "almost the same", 3->0.375 also sounds almost the same.
We will have 50000 full nodes, instead of 5000, since it is so
affordable to run a full node.
If 0.125MB sounds too extreme, what about 0.5/0.7/0.9MB? Are we going to
have more full nodes?
No, I'm not trolling. I really want someone to tell me why we
should/shouldn't reduce the block size. Are we going to have more or
less full nodes if we reduce the block size?
next prev parent reply other threads:[~2015-08-07 18:18 UTC|newest]
Thread overview: 94+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-08-07 14:57 Gavin Andresen
2015-08-07 15:16 ` Pieter Wuille
2015-08-07 15:55 ` Gavin Andresen
2015-08-07 16:28 ` Pieter Wuille
2015-08-07 17:47 ` Ryan Butler
2015-08-07 18:25 ` Mark Friedenbach
2015-08-07 18:57 ` Ryan Butler
2015-08-07 19:07 ` Ryan Butler
2015-08-07 19:15 ` Mark Friedenbach
2015-08-07 20:17 ` Ryan Butler
2015-08-07 20:33 ` Dave Hudson
2015-08-07 18:17 ` jl2012 [this message]
2015-08-07 18:35 ` Bryan Bishop
2015-08-07 18:36 ` Simon Liu
2015-08-11 23:20 ` Elliot Olds
2015-08-07 17:33 ` Jorge Timón
2015-08-07 22:12 ` Thomas Zander
2015-08-07 23:06 ` Adam Back
2015-08-08 22:45 ` Dave Scotese
2015-08-08 23:05 ` Alex Morcos
2015-08-09 5:52 ` Hector Chu
2015-08-09 10:32 ` Thomas Zander
2015-08-09 10:42 ` Thomas Zander
2015-08-09 20:43 ` Dave Scotese
2015-08-11 17:03 ` Jorge Timón
2015-08-10 11:55 ` Jorge Timón
2015-08-10 12:33 ` Btc Drak
2015-08-10 13:03 ` Jorge Timón
2015-08-10 22:13 ` Thomas Zander
2015-08-11 17:47 ` Jorge Timón
2015-08-11 18:46 ` Michael Naber
2015-08-11 18:48 ` Mark Friedenbach
2015-08-11 18:55 ` Michael Naber
2015-08-11 19:45 ` Jorge Timón
2015-08-11 21:31 ` Michael Naber
2015-08-11 18:51 ` Bryan Bishop
2015-08-11 18:59 ` Michael Naber
2015-08-11 19:27 ` Jorge Timón
2015-08-11 19:37 ` Michael Naber
2015-08-11 19:51 ` Pieter Wuille
2015-08-11 21:18 ` Michael Naber
2015-08-11 21:23 ` Adam Back
2015-08-11 21:30 ` Angel Leon
2015-08-11 21:32 ` Pieter Wuille
2015-08-11 21:34 ` Adam Back
2015-08-11 21:39 ` Michael Naber
2015-08-12 6:10 ` Venzen Khaosan
2015-08-11 22:06 ` Angel Leon
2015-08-11 21:35 ` Michael Naber
2015-08-11 21:51 ` Pieter Wuille
2015-08-12 3:35 ` Elliot Olds
2015-08-12 4:47 ` Venzen Khaosan
2015-08-14 21:47 ` Elliot Olds
2015-08-12 0:56 ` Tom Harding
2015-08-12 1:18 ` Eric Voskuil
2015-08-12 8:10 ` Thomas Zander
2015-08-12 9:00 ` Jorge Timón
2015-08-12 9:25 ` Thomas Zander
2015-08-11 19:53 ` Jorge Timón
2015-08-11 20:56 ` Michael Naber
2015-08-12 7:54 ` Thomas Zander
2015-08-12 8:01 ` Thomas Zander
[not found] ` <1679272.aDpruqxXDP@coldstorage>
2015-08-12 8:51 ` Jorge Timón
2015-08-12 9:23 ` Thomas Zander
2015-08-12 9:45 ` Jorge Timón
2015-08-12 16:24 ` Thomas Zander
2015-08-17 14:49 ` BitMinter operator
2015-08-17 15:01 ` Peter Todd
2015-08-10 14:12 ` Gavin Andresen
2015-08-10 14:24 ` Alex Morcos
2015-08-10 22:12 ` Thomas Zander
2015-08-10 14:34 ` Pieter Wuille
2015-08-10 22:04 ` Thomas Zander
2015-08-20 14:40 ` Will Madden
2015-08-10 14:55 ` Jorge Timón
2015-08-10 22:09 ` Thomas Zander
2015-08-10 22:52 ` Pieter Wuille
2015-08-10 23:11 ` Pieter Wuille
2015-08-11 5:34 ` Thomas Zander
2015-08-11 6:03 ` Mark Friedenbach
2015-08-11 6:31 ` Thomas Zander
2015-08-11 7:08 ` Mark Friedenbach
2015-08-11 8:38 ` Thomas Zander
2015-08-11 9:14 ` Angel Leon
2015-08-11 19:00 ` Mark Friedenbach
2015-08-11 19:26 ` Michael Naber
2015-08-11 20:12 ` Adam Back
2015-08-12 0:32 ` odinn
2015-08-11 11:10 ` Thomas Zander
2015-08-12 0:18 ` odinn
2015-08-07 21:30 ` Jim Phillips
2015-08-07 18:22 ` Anthony Towns
2015-08-07 18:36 ` Peter R
2015-08-12 1:56 Corey Haddad
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=6786132febd22f90c4107285920d76ca@xbt.hk \
--to=jl2012@xbt$(echo .)hk \
--cc=bitcoin-dev@lists$(echo .)linuxfoundation.org \
--cc=pieter.wuille@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