From: David Vorick <david.vorick@gmail•com>
To: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>,
Tom Zander <tomz@freedommail•ch>
Subject: Re: [bitcoin-dev] Hard fork proposal from last week's meeting
Date: Thu, 30 Mar 2017 07:19:19 -0400 [thread overview]
Message-ID: <CAFVRnypMev625j6htvpC+xJo3y5VgWednOBaRhqtuiMKKNPFsw@mail.gmail.com> (raw)
In-Reply-To: <42619430.6XQoorDgjR@strawberry>
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> What we want is a true fee-market where the miner can decide to make a
block
> smaller to get people to pay more fees, because if we were to go to 16MB
> blocks in one go, the cost of the miner would go up, but his reward based
on
> fees will go down!
> A block so big that 100% of the transactions will always be mined in the
> next block will just cause a large section of people to no longer feel the
> need to pay fees.
> As such I don’t fear the situation where the block size limit goes up a
lot
> in one go, because it is not in anyone’s interest to make the actual block
> size follow.
There have been attacks demonstrated where a malicious miner with
sufficient hashrate can leverage large blocks to exacerbate selfish mining.
Adversarial behaviors from miners need to be considered, it's not safe to
simply assume that a miner won't have reasons to attack the network. We
already know that large empty blocks (rather, blocks with fake
transactions) can be leveraged in ways that both damages the network and
increases miner profits.
In general, fear of other currencies passing Bitcoin is unsubstantiated.
Bitcoin has by far the strongest development team, and also is by far the
most decentralized. To the best of my knowledge, Bitcoin is the only
cryptocurrency out there that is both not-dead and also lacks a strong
central leadership.
A coin like ethereum may even be able to pass Bitcoin in market cap. But
that's okay. Ethereum has very different properties and it's not something
I would trust as a tool to provide me with political sovereignty. Ethereum
passing Bitcoin in market cap does not mean that it has proved superior to
Bitcoin. It could just mean that enterprises are really excited about
permissioned blockchains. That's not interesting to me at any market cap.
Bitcoin's core value add is and should continue to be decentralization and
trustlessness. Nobody is remotely close to competing with Bitcoin on those
fronts, and in my mind that's far more important than any of the other
mania anyway.
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next prev parent reply other threads:[~2017-03-30 11:19 UTC|newest]
Thread overview: 81+ messages / expand[flat|nested] mbox.gz Atom feed top
2017-03-29 19:50 Raystonn .
2017-03-30 10:34 ` Tom Zander
2017-03-30 11:19 ` David Vorick [this message]
2017-03-30 21:42 ` Jared Lee Richardson
2017-03-30 11:24 ` Aymeric Vitte
-- strict thread matches above, loose matches on Subject: below --
2017-03-31 21:23 Rodney Morris
2017-03-31 23:13 ` Eric Voskuil
[not found] ` <CABerxhGeofH4iEonjB1xKOkHcEVJrR+D4QhHSw5cWYsjmW4JpQ@mail.gmail.com>
2017-04-01 1:41 ` Rodney Morris
2017-04-01 6:18 ` Jared Lee Richardson
2017-04-01 7:41 ` Eric Voskuil
[not found] ` <CAAt2M1_sHsCD_AX-vm-oy-4tY+dKoDAJhfVUc4tnoNBFn-a+Dg@mail.gmail.com>
[not found] ` <CAAt2M19Gt8PmcPUGUHKm2kpMskpN4soF6M-Rb46HazKMV2D9mg@mail.gmail.com>
2017-04-01 14:45 ` Natanael
[not found] ` <CAD1TkXusCe-O3CGQkXyRw_m3sXS9grGxMqkMk8dOvFNXeV5zGQ@mail.gmail.com>
2017-04-01 18:42 ` Jared Lee Richardson
[not found] ` <CAAt2M1_kuCBQWd9dis5UwJX8+XGVPjjiOA54aD74iS2L0cYcTQ@mail.gmail.com>
[not found] ` <CAAt2M19Nr2KdyRkM_arJ=LBnqDQQyLQ2QQ-UBC8=gFnemCdPMg@mail.gmail.com>
2017-04-01 13:26 ` Natanael
2017-03-29 19:33 Daniele Pinna
2017-03-29 20:28 ` Peter R
2017-03-29 22:17 ` Jared Lee Richardson
2017-03-29 20:28 ` David Vorick
2017-03-29 22:08 ` Jared Lee Richardson
2017-03-30 7:11 ` Luv Khemani
2017-03-30 17:16 ` Jared Lee Richardson
2017-03-31 4:21 ` Luv Khemani
2017-03-31 5:28 ` Jared Lee Richardson
2017-03-31 8:19 ` Luv Khemani
2017-03-31 15:59 ` Jared Lee Richardson
2017-03-31 16:14 ` David Vorick
2017-03-31 16:46 ` Jared Lee Richardson
2017-03-31 18:23 ` David Vorick
2017-03-31 18:58 ` Eric Voskuil
2017-04-01 6:15 ` Jared Lee Richardson
2017-03-28 19:56 Paul Iverson
2017-03-28 20:16 ` Pieter Wuille
2017-03-28 20:43 ` Tom Zander
2017-03-28 20:53 ` Alphonse Pace
2017-03-28 21:06 ` Luke Dashjr
2017-03-28 16:59 Wang Chun
2017-03-28 17:13 ` Matt Corallo
2017-03-29 8:45 ` Jared Lee Richardson
2017-03-28 17:23 ` Alphonse Pace
2017-03-28 17:31 ` Wang Chun
2017-03-28 17:33 ` Jeremy
2017-03-28 17:50 ` Douglas Roark
2017-03-28 17:33 ` Juan Garavaglia
2017-03-28 17:53 ` Alphonse Pace
2017-03-28 22:36 ` Juan Garavaglia
2017-03-29 2:59 ` Luv Khemani
2017-03-29 6:24 ` Emin Gün Sirer
2017-03-29 15:34 ` Johnson Lau
2017-04-01 16:15 ` Leandro Coutinho
2017-03-29 9:16 ` Jared Lee Richardson
2017-03-29 16:00 ` Aymeric Vitte
2017-03-28 17:34 ` Johnson Lau
2017-03-28 17:46 ` Luke Dashjr
2017-03-28 20:50 ` Tom Zander
2017-03-29 4:21 ` Johnson Lau
2017-03-28 20:48 ` Tom Zander
2017-03-29 6:32 ` Bram Cohen
2017-03-29 9:37 ` Jorge Timón
2017-03-29 19:07 ` Jared Lee Richardson
2017-04-02 19:02 ` Staf Verhaegen
2017-03-29 7:49 ` Martin Lízner
2017-03-29 15:57 ` David Vorick
2017-03-29 16:08 ` Aymeric Vitte
[not found] ` <CAFVRnyo1XGNbq_F8UfqqJWHCVH14iMCUMU-R5bOh+h3mtwSUJg@mail.gmail.com>
2017-03-29 16:18 ` David Vorick
2017-03-29 16:20 ` Andrew Johnson
2017-03-29 16:25 ` David Vorick
2017-03-29 16:41 ` Andrew Johnson
2017-03-29 17:14 ` Aymeric Vitte
2017-03-29 20:53 ` Jared Lee Richardson
2017-03-29 20:32 ` Jared Lee Richardson
2017-03-29 21:36 ` praxeology_guy
2017-03-29 22:33 ` Aymeric Vitte
2017-03-30 5:23 ` Ryan J Martin
2017-03-30 10:30 ` Tom Zander
2017-03-30 16:44 ` Jared Lee Richardson
2017-03-30 20:51 ` Jared Lee Richardson
2017-03-30 21:57 ` Tom Zander
[not found] ` <CAD1TkXvx=RKvjC8BUstwtQxUUQwG4eiU9XmF1wr=bU=xcVg5WQ@mail.gmail.com>
2017-03-30 10:13 ` Aymeric Vitte
2017-03-29 19:46 ` Jared Lee Richardson
2017-03-29 19:10 ` Jared Lee Richardson
2017-03-29 19:36 ` praxeology_guy
2017-04-02 19:12 ` Staf Verhaegen
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