Re: [bitcoin-dev] Dynamic limit to the block size - BIP draft discussion

From: Ivan Brightly <ibrightly@gmail•com>
To: Adam Back <adam@cypherspace•org>
Cc: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>,
	Washington Sanchez <washington.sanchez@gmail•com>
Subject: Re: [bitcoin-dev] Dynamic limit to the block size - BIP draft discussion
Date: Tue, 8 Sep 2015 09:52:00 -0400	[thread overview]
Message-ID: <CAAre=yTP07HQZesCgyAVQ9UqyJ98UhLLa8cTPNi7F+e6Ht05fg@mail.gmail.com> (raw)
In-Reply-To: <CALqxMTERUFEFgJ4quz2dWLRw9fD3DkBp-6RO4cuvdBGV2MSyhw@mail.gmail.com>

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Agreed. For this reason, the scaling BIPs which don't allow for easy gaming
such as BIP101, your proposal or Pieter's are preferable for their
predictability and simplicity. Changing the fundamental rules for Bitcoin
is supposed to be hard - why give this power up to a subsection of the
ecosystem in order to make it easier to change or game?

On Tue, Sep 8, 2015 at 9:13 AM, Adam Back <adam@cypherspace•org> wrote:

> The maximum block-size is one that can be filled at zero-cost by
> miners, and so allows some kinds of amplification of selfish-mining
> related attacks.
>
> Adam
>
>
> On 8 September 2015 at 13:28, Ivan Brightly via bitcoin-dev
> <bitcoin-dev@lists•linuxfoundation.org> wrote:
> > This is true, but miners already control block size through soft caps.
> > Miners are fully capable of producing smaller blocks regardless of the
> max
> > block limit, with or without collusion. Arguably, there is no need to
> ever
> > reduce the max block size unless technology advances for some reason
> reverse
> > course - aka, WW3 takes a toll on the internet and the average bandwidth
> > available halves. The likelihood of significant technology contraction in
> > the near future seems rather unlikely and is more broadly problematic for
> > society than bitcoin specifically.
> >
> > The only reason for reducing the max block limit other than technology
> > availability is if you think that this is what will produce the fee
> market,
> > which is back to an economic discussion - not a technology scaling
> > discussion.
> >
> > On Tue, Sep 8, 2015 at 4:49 AM, Btc Drak via bitcoin-dev
> > <bitcoin-dev@lists•linuxfoundation.org> wrote:
> >>
> >> > but allow meaningful relief to transaction volume pressure in response
> >> > to true market demand
> >>
> >> If blocksize can only increase then it's like a market that only goes
> >> up which is unrealistic. Transaction will volume ebb and flow
> >> significantly. Some people have been looking at transaction volume
> >> charts over time and all they can see is an exponential curve which
> >> they think will go on forever, yet nothing goes up forever and it will
> >> go through significant trend cycles (like everything does). If you
> >> dont want to hurt the fee market, the blocksize has to be elastic and
> >> allow contraction as well as expansion.
> >
> >
> > _______________________________________________
> > bitcoin-dev mailing list
> > bitcoin-dev@lists•linuxfoundation.org
> > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
> >
>

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