I'm no authority on the subject, but I don't understand why there is a max block-size, other than anti-spam measures. The only other reason I have heard for a max-block-size is to force people into paying higher fees. This seems like the wrong way to force fees. If you want to force fees, then do exactly that - make fees required, and set a minimum... don't force people to pay fees by limiting transactions per second. That's like shooting yourself in the foot to get free surgery.... On Tue, Aug 18, 2015 at 8:13 AM, Upal Chakraborty via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > Regarding: > http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010295.html > > > I am arguing with the following statement here... > > *I see problems to this approach. The biggest one I see is that a miner >> with 11% of hash power could sabotage block size increases by only ever >> mining empty blocks.* > > > > First, I would like to argue from economics' point of view. If someone > wants to hold back the block size increase with 11% hash power by mining > empty blocks, he has to sacrifice Tx fees, which is not economical. 11% > hash power will most likely be a pool and pool miners will find out soon > that they are losing Tx fees because of pool owner's intention. Hence, > they'll switch pool and pool owner will lose out. This is the same reason > why 51% attack will never happen, even if a pool gets more than 51% hash > power. > > > Next, I would like to propose a slightly modified technical solution to > this problem in algorithmic format... > > If more than 50% of block's size, found in the first 2000 of the last > difficulty period, is more than 90% MaxBlockSize > Double MaxBlockSize > Else if more than 90% of block's size, found in the first 2000 of the last > difficulty period, is less than 50% MaxBlockSize > Half MaxBlockSize > Else > Keep the same MaxBlockSize > > This is how, those who want to stop increase, need to have more than 50% > hash power. Those who want to stop decrease, need to have more than 10% > hash power, but must mine more than 50% of MaxBlockSize in all blocks. In > this approach, not only miners, but also the end user have their say. > Because, end users will fill up the mempool, from where miners will take Tx > to fill up the blocks. Please note that, taking first 2000 of the last 2016 > blocks is important to avoid data discrepancy among different nodes due to > orphan blocks. It is assumed that a chain can not be orphaned after having > 16 confirmation. > > Looking for comments. > > > > > > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev@lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > >