Since you missed it, here is the suggestion again: http://gtf.org/garzik/bitcoin/BIP100-blocksizechangeproposal.pdf On Sun, Jun 14, 2015 at 6:06 AM, Mats Henricson wrote: > Jeff, > > with all due respect, but I've seen you saying this a few times > now, that this decision is oh so difficult and important. > > But this is not helpful. We all know that. Even I. > > Make a suggestion, or stay out of the debate! > > Mats > > On 06/14/2015 07:36 AM, Jeff Garzik wrote: > > The choice is very real and on-point. What should the block size limit > > be? Why? > > > > There is a large consensus that it needs increasing. To what? By what > > factor? > > > > The size limit literally defines the fee market, the whole damn thing. > If > > software high priests choose a size limit of 300k, space is scarce, fees > > are bid high. If software high priests choose a size limit of 32mb, > space > > is plentiful, fees are near zero. Market actors take their signals > > accordingly. Some business models boom, some business models fail, as a > > direct result of changing this unintentionally-added speedbump. > Different > > users value adoption, decentralization etc. differently. > > > > The size limit is an economic policy lever that needs to be transitioned > > -away- from software and software developers, to the free market. > > > > A simple, e.g. hard fork to 2MB or 4MB does not fix higher level > governance > > problems associated with actors lobbying developers, even if a cloistered > > and vetted Technical Advisory Board as has been proposed. > > > > > > > > > > > > > > > > On Sun, Jun 14, 2015 at 1:20 AM, Eric Lombrozo > wrote: > > > >> I definitely think we need some voting system for metaconsensus…but if > >> we’re going to seriously consider this we should look at the problem > much > >> more generally. Using false choices doesn’t really help, though ;) > >> > >> - Eric Lombrozo > >> > >> > >> On Jun 13, 2015, at 10:13 PM, Jeff Garzik wrote: > >> > >> On Sun, Jun 14, 2015 at 1:08 AM, Eric Lombrozo > >> wrote: > >> > >>> 2) BIP100 has direct economic consequences…and particularly for miners. > >>> It lends itself to much greater corruptibility. > >>> > >>> > >> What is the alternative? Have a Chief Scientist or Technical Advisory > >> Board choose what is a proper fee, what is a proper level of > >> decentralization, a proper growth factor? > >> > >> > >> > > > > > > > > > > > ------------------------------------------------------------------------------ > > > > > > > > _______________________________________________ > > Bitcoin-development mailing list > > Bitcoin-development@lists.sourceforge.net > > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > > > > > ------------------------------------------------------------------------------ > _______________________________________________ > Bitcoin-development mailing list > Bitcoin-development@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > -- Jeff Garzik Bitcoin core developer and open source evangelist BitPay, Inc. https://bitpay.com/