From: Will <will.madden@novauri•com>
To: Gavin Andresen <gavinandresen@gmail•com>
Cc: "bitcoin-dev@lists•linuxfoundation.org"
<bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Draft BIP : fixed-schedule block size increase
Date: Fri, 26 Jun 2015 15:07:30 -0400 [thread overview]
Message-ID: <C357721B-5ABC-4B77-92AB-A0735BBDA519@novauri.com> (raw)
In-Reply-To: <CABsx9T3Rvgbc8WLnnH96nqK_TaAOj9gn-BBmRy_r2Ci0x72mZQ@mail.gmail.com>
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Moving averages have upsides and downsides vs fixed growth. Moving averages are backwards looking and don't handle seasonalities or unanticipated increases in demand very well.
Think "Black Friday" or the horribly named "Cyber
Monday" in retail or market hysteria where millions of noobs jump into or out of bitcoin.
If you want to create fee pressure I think this can be done, but I would keep both of these in mind before choosing a value for N. Adjustments would need to be frequent and nimble enough to handle seasonalities and other unanticipated outliers.
> On Jun 26, 2015, at 1:39 PM, Gavin Andresen <gavinandresen@gmail•com> wrote:
>
>> On Fri, Jun 26, 2015 at 11:13 AM, Will <will.madden@novauri•com> wrote:
>> Make the lazy miners' default choice grow at the hard cap growth rate and you should be ok if you want voting.
>
> I think the default block size is an orthogonal issue to the max block size.
>
> HOWEVER: I think changing the default 'target' block size from the current, fixed 750K to the average of the size of the last N blocks would have some nice properties. It is policy-neutral (we should get out of the business of deciding the right block size and let the miners who care drive block size up or down) and if there are a significant proportion of lazy miners going with defaults it gives the system a healthy "fee pressure."
>
> --
> --
> Gavin Andresen
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next prev parent reply other threads:[~2015-06-26 19:07 UTC|newest]
Thread overview: 62+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-06-22 18:18 Gavin Andresen
2015-06-22 18:33 ` Tier Nolan
2015-06-22 18:46 ` Gavin Andresen
2015-06-22 19:10 ` Martin Schwarz
2015-06-22 19:28 ` Tier Nolan
2015-06-22 19:54 ` Gavin Andresen
2015-06-22 20:12 ` Peter Todd
2015-06-22 19:23 ` Peter Todd
2015-06-23 7:35 ` Ross Nicoll
2015-08-17 15:58 ` Jorge Timón
2015-06-23 19:16 ` Peter Todd
2015-06-22 20:27 ` Kalle Rosenbaum
2015-06-22 20:46 ` Gavin Andresen
2015-06-22 20:51 ` Gavin Andresen
2015-06-22 21:52 ` Mark Friedenbach
2015-06-23 19:28 ` Peter Todd
2015-06-23 20:12 ` Gavin Andresen
2015-06-23 20:26 ` Pieter Wuille
2015-06-23 20:50 ` Peter Todd
2015-06-24 6:14 ` grarpamp
2015-06-23 20:46 ` Peter Todd
2015-06-23 21:24 ` Gavin Andresen
2015-06-26 19:08 ` Peter Todd
2015-06-26 22:01 ` Ivan Brightly
2015-06-26 19:25 ` Peter Todd
2015-06-26 22:16 ` Simon Liu
2015-06-27 2:14 ` Milly Bitcoin
2015-06-23 20:55 ` Roy Badami
2015-06-24 1:43 ` odinn
2015-06-24 3:05 ` William Madden
2015-06-24 3:49 ` Jeff Garzik
2015-06-24 13:06 ` Will
2015-06-24 13:44 ` Gavin Andresen
2015-06-25 0:32 ` Pindar Wong
2015-06-25 13:50 ` Gareth Williams
2015-06-25 14:07 ` Adam Back
2015-06-26 13:47 ` Tier Nolan
2015-06-26 15:13 ` Will
2015-06-26 17:39 ` Gavin Andresen
2015-06-26 19:07 ` Will [this message]
2015-07-01 22:49 ` odinn
2015-08-17 13:15 ` Tier Nolan
2015-08-17 13:18 ` Clément Elbaz
2015-08-19 3:45 ` odinn
2015-08-17 16:11 ` Jorge Timón
2015-06-26 21:07 ` Carsten Otto
2015-06-22 19:32 Jean-Paul Kogelman
2015-06-22 20:43 ` Tier Nolan
2015-06-22 20:54 ` Peter Todd
2015-06-22 21:04 ` Stephen Morse
2015-06-22 21:32 ` Ross Nicoll
2015-08-17 15:54 ` Jorge Timón
2015-06-22 21:21 ` Gavin Andresen
2015-06-22 21:39 ` Patrick Strateman
2015-06-22 21:48 ` Tier Nolan
2015-06-23 7:59 Ross Nicoll
2015-06-24 4:31 Raystonn
2015-06-24 17:05 ` Mark Friedenbach
2015-06-24 17:24 ` Roy Badami
2015-06-24 17:23 Raystonn
2015-06-24 17:24 ` Allen Piscitello
2015-06-24 17:28 ` Roy Badami
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