From: Jeff Garzik <jgarzik@gmail•com>
To: jl2012 <jl2012@xbt•hk>
Cc: Bitcoin development mailing list <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Block size: It's economics & user preparation & moral hazard
Date: Wed, 16 Dec 2015 17:27:40 -0500 [thread overview]
Message-ID: <CADm_Wca9zTdTc2gvTxrWkFjfA49KhbU_=uNXh_mZ+QYXGZ6wWg@mail.gmail.com> (raw)
In-Reply-To: <9a02d94fbc78afaa3e9668e0294eef64@xbt.hk>
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On Wed, Dec 16, 2015 at 1:36 PM, jl2012 <jl2012@xbt•hk> wrote:
> 4. In the miners round table on the second day, one of the devs mentioned
> that he didn't want to be seen as the decision maker of Bitcoin. On the
> other hand, Chinese miners repeatedly mentioned that they want several
> concrete proposals from devs which they could choose. I see no
> contradiction between these 2 viewpoints.
>
This was a very interesting dynamic, and seems fair (menu).
> 6. I believe we should avoid a radical "Economic Change Event" at least in
> the next halving cycle, as Bitcoin was designed to bootstrap the adoption
> by high mining reward in the beginning. For this reason, I support an early
> and conservative increase, such as BIP102 or 2-4-8. 2MB is accepted by most
> people and it's better than nothing for BIP101 proponents. By "early" I
> mean to be effective by May, at least 2 months before the halving.
>
That was precisely my logic for picking May 5 as the hard fork date. Some
buffer before halving, enough for caution and iteration in the meantime.
>
> (c) My most optimistic guess is SW will be ready in 6 months, which will
> be very close to halving and potential tx volume burst. And it may not be
> done in 2016, as it does not only involve consensus code, but also change
> in the p2p protocol and wallet design
>
Not just wallet design -- you have to game through the standard steps of:
update dev lib (bitcoin-core.js/bitcoinj) + release cycle, update app +
release cycle, for most actors in the ecosystem, on top of the Bitcoin Core
roll out.
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next prev parent reply other threads:[~2015-12-16 22:27 UTC|newest]
Thread overview: 31+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-12-16 14:53 Jeff Garzik
2015-12-16 18:34 ` Pieter Wuille
2015-12-16 21:08 ` Jeff Garzik
2015-12-16 21:11 ` Pieter Wuille
2015-12-17 2:06 ` Jameson Lopp
2015-12-17 16:58 ` Tier Nolan
2015-12-17 19:44 ` Peter Todd
2015-12-18 5:23 ` Jorge Timón
2015-12-18 9:44 ` Tier Nolan
2015-12-16 21:24 ` Jorge Timón
2015-12-16 21:36 ` Jeff Garzik
2015-12-18 5:11 ` Jeff Garzik
2015-12-18 7:56 ` Pieter Wuille
2015-12-18 10:13 ` sickpig
2015-12-18 15:48 ` Pieter Wuille
2015-12-19 19:04 ` Dave Scotese
[not found] ` <751DFAA9-9013-4C54-BC1E-5F7ECB7469CC@gmail.com>
2015-12-26 16:44 ` Pieter Wuille
2015-12-26 17:20 ` Jorge Timón
2015-12-26 22:55 ` Jonathan Toomim
2015-12-26 23:01 ` Pieter Wuille
2015-12-26 23:07 ` Jonathan Toomim
2015-12-26 23:16 ` Pieter Wuille
2015-12-27 0:03 ` Jonathan Toomim
2015-12-26 23:15 ` Justus Ranvier
2015-12-27 0:13 ` Bryan Bishop
2015-12-27 0:33 ` Justus Ranvier
2015-12-18 13:56 ` Jeff Garzik
2015-12-23 6:26 ` Aaron Voisine
2015-12-16 18:36 ` jl2012
2015-12-16 22:27 ` Jeff Garzik [this message]
2015-12-17 6:12 ` Dave Scotese
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