From: Gavin Andresen <gavinandresen@gmail•com>
To: Matt Corallo <bitcoin-list@bluematt•me>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] Block Size Increase Requirements
Date: Fri, 29 May 2015 18:36:51 -0400 [thread overview]
Message-ID: <CABsx9T2ysKj5HVbN_7_o33fMehs4KH6E_R583Mt_VPC4gDA0LQ@mail.gmail.com> (raw)
In-Reply-To: <554BE0E1.5030001@bluematt.me>
[-- Attachment #1: Type: text/plain, Size: 1751 bytes --]
Matt brought this up on Twitter, I have no idea why I didn't respond weeks
ago (busy writing blog posts, probably):
On Thu, May 7, 2015 at 6:02 PM, Matt Corallo <bitcoin-list@bluematt•me>
wrote:
>
>
> * Though there are many proposals floating around which could
> significantly decrease block propagation latency, none of them are
> implemented today.
If block propagation isn't fixed, then mines have a strong incentive to
create smaller blocks.
So the max block size is irrelevant, it won't get hit.
> In addition, I'd expect to
> see analysis of how these systems perform in the worst-case, not just
> packet-loss-wise, but in the face of miners attempting to break the system.
>
See http://gavinandresen.ninja/are-bigger-blocks-better-for-bigger-miners
for analysis of "but that means bigger miners can get an advantage"
argument.
Executive summary: if little miners are stupid and produce huge blocks,
then yes, big miners have an advantage.
But they're not, so they won't.
Until the block reward goes away, and assuming transaction fees become an
important source of revenue for miners.
I think it is too early to worry about that; see:
http://gavinandresen.ninja/when-the-block-reward-goes-away
> * I'd very much like to see someone working on better scaling
> technology, both in terms of development and in terms of getting
> traction in the marketplace.
Ok. What does this have to do with the max block size?
Are you arguing that work won't happen if the max block size increases?
* I'd like to see some better conclusions to the discussion around
> long-term incentives within the system.
Again, see http://gavinandresen.ninja/when-the-block-reward-goes-away for
what I think about that.
--
--
Gavin Andresen
[-- Attachment #2: Type: text/html, Size: 3299 bytes --]
next prev parent reply other threads:[~2015-05-29 22:36 UTC|newest]
Thread overview: 67+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-05-07 22:02 Matt Corallo
2015-05-07 23:24 ` Joseph Poon
2015-05-08 0:05 ` Peter Todd
2015-05-08 6:33 ` Arkady
2015-05-08 10:03 ` Mike Hearn
2015-05-08 16:37 ` Peter Todd
2015-05-08 19:47 ` Tier Nolan
2015-05-09 3:08 ` Peter Todd
2015-05-16 4:39 ` Stephen
2015-05-16 11:29 ` Tier Nolan
2015-05-16 11:25 ` Tier Nolan
2015-05-29 22:36 ` Gavin Andresen [this message]
2015-05-29 23:25 ` Matt Corallo
[not found] ` <CABsx9T3__mHZ_kseRg-w-x2=8v78QJLhe+BWPezv+hpbFCufpw@mail.gmail.com>
2015-05-30 19:32 ` Matt Corallo
2015-05-30 20:37 ` Gavin Andresen
2015-05-31 14:46 ` Jorge Timón
2015-05-31 14:49 ` Gavin Andresen
2015-05-31 14:59 ` Jorge Timón
2015-05-31 15:08 ` Gavin Andresen
2015-05-31 15:45 ` Jorge Timón
2015-05-29 23:42 ` Chun Wang
2015-05-30 13:57 ` Gavin Andresen
2015-05-30 14:08 ` Pindar Wong
2015-05-30 22:05 ` Alex Mizrahi
2015-05-30 23:16 ` Brian Hoffman
2015-05-31 0:13 ` Alex Mizrahi
2015-05-31 5:05 ` gb
[not found] ` <CAFzgq-z5WCznGhbOexS0XESNGAVauw45ewEV-1eMij7yDT61=Q@mail.gmail.com>
2015-05-31 1:31 ` [Bitcoin-development] Fwd: " Chun Wang
2015-05-31 2:20 ` Pindar Wong
2015-05-31 12:40 ` Gavin Andresen
2015-05-31 13:45 ` Alex Mizrahi
2015-05-31 14:54 ` Gavin Andresen
2015-05-31 22:55 ` Alex Mizrahi
2015-05-31 23:23 ` Ricardo Filipe
2015-05-31 23:40 ` Pindar Wong
2015-05-31 23:58 ` Ricardo Filipe
2015-06-01 0:03 ` Pindar Wong
2015-06-01 7:57 ` Alex Mizrahi
2015-06-01 10:13 ` Mike Hearn
2015-06-01 10:42 ` Pindar Wong
2015-06-01 11:26 ` Peter Todd
2015-06-01 12:19 ` Pindar Wong
2015-06-01 11:02 ` Chun Wang
2015-06-01 11:09 ` Pindar Wong
2015-06-01 11:20 ` Chun Wang
2015-06-01 13:59 ` Gavin Andresen
2015-06-01 14:08 ` Chun Wang
2015-06-01 15:33 ` Mike Hearn
2015-06-01 16:06 ` Ángel José Riesgo
2015-06-01 14:46 ` Oliver Egginger
2015-06-01 14:48 ` Chun Wang
2015-06-01 16:43 ` Yifu Guo
2015-06-01 20:01 ` Roy Badami
2015-06-01 20:15 ` Roy Badami
2015-06-01 13:21 ` Mike Hearn
2015-06-01 12:29 ` Warren Togami Jr.
2015-06-01 13:15 ` Gavin Andresen
2015-05-31 12:52 ` Gavin Andresen
2015-05-31 13:31 ` [Bitcoin-development] [Bulk] " gb
2015-05-31 19:49 ` Gavin Andresen
2015-05-31 14:17 ` [Bitcoin-development] " Dave Hudson
2015-05-31 14:34 ` Yifu Guo
2015-05-31 14:47 ` Gavin Andresen
2015-05-31 7:05 ` [Bitcoin-development] " Peter Todd
2015-05-31 12:51 ` Gavin Andresen
2015-05-30 23:18 Raystonn
2015-05-31 0:32 ` Alex Mizrahi
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=CABsx9T2ysKj5HVbN_7_o33fMehs4KH6E_R583Mt_VPC4gDA0LQ@mail.gmail.com \
--to=gavinandresen@gmail$(echo .)com \
--cc=bitcoin-development@lists$(echo .)sourceforge.net \
--cc=bitcoin-list@bluematt$(echo .)me \
/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