From: "Jorge Timón" <jtimon@jtimon•cc>
To: Ashley Holman <dscvlt@gmail•com>
Cc: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] A summary list of all concerns related to not rising the block size
Date: Sat, 15 Aug 2015 00:57:18 +0200 [thread overview]
Message-ID: <CABm2gDphRR20QT6mQ66pheQyEJz26RLDZD-FNx5=Jqr9JZkkLQ@mail.gmail.com> (raw)
In-Reply-To: <CAOXABZrMcpf4s=BuGsuLLoV80xt=hcd-i+h0V+AdJDQ2D8NKXg@mail.gmail.com>
On Thu, Aug 13, 2015 at 11:52 AM, Ashley Holman via bitcoin-dev
<bitcoin-dev@lists•linuxfoundation.org> wrote:
> A concern I have is about security (hash rate) as a function of block size.
>
> I am assuming that hash rate is correlated with revenue from mining.
>
> Total revenue from fees as a function of block size should be a curve. On
> one extreme of the curve, if blocks are too big, fee revenue tends towards 0
> as there is no competition for block space. At the other extreme, if blocks
> are too small, fee revenue is limited only to what the most valuable use
> case(s) can afford. Somewhere in the middle there should be a sweet spot
> where fee revenue is maximised. It's not a static curve though, it should
> change as demand for block space changes.
>
> Failing to scale the block size as demand grows might be forfeiting
> potential miner revenue and hence security.
>
> (I don't think that should be a primary concern though since
> decentralisation should come first, but I'm just pointing it out as a
> secondary concern).
I believe your concerns are included in:
1) Potential indirect consequence of rising fees.
[...]
1.4) Less users than we could have had with a bigger size
1.4.2) Not enough fees when subsidy is lower
next prev parent reply other threads:[~2015-08-14 22:57 UTC|newest]
Thread overview: 18+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-08-12 9:59 Jorge Timón
2015-08-12 11:21 ` Venzen Khaosan
2015-08-14 22:35 ` Jorge Timón
2015-08-14 23:12 ` Jorge Timón
2015-08-14 23:57 ` Jorge Timón
2015-08-20 21:11 ` Elliot Olds
2015-08-20 21:29 ` Ahmed Zsales
2015-08-12 19:52 ` Elliot Olds
2015-08-14 22:55 ` Jorge Timón
2015-08-15 20:36 ` Elliot Olds
2015-08-13 9:52 ` Ashley Holman
2015-08-13 16:36 ` Jean-Paul Kogelman
2015-08-14 22:57 ` Jorge Timón [this message]
2015-08-13 22:01 ` Geir Harald Hansen
2015-08-14 2:26 ` Venzen Khaosan
2015-08-14 11:35 ` Marcel Jamin
2015-08-14 13:48 ` Thomas Zander
2015-08-14 22:59 ` Jorge Timón
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