From: Melvin Carvalho <melvincarvalho@gmail•com>
To: John Dillon <john.dillon892@googlemail•com>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] Proposal: Vote on the blocksize limit with proof-of-stake voting
Date: Mon, 10 Jun 2013 10:39:09 +0200 [thread overview]
Message-ID: <CAKaEYhJd==3qL3G326xo---Cw+i8X256ZyOppCumnLKYkqy-jg@mail.gmail.com> (raw)
In-Reply-To: <CAPaL=UUNMzBUD4FToh72H_YYpZ5X3zCCkOdyX1_8CB7fR9Ec5Q@mail.gmail.com>
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On 10 June 2013 10:26, John Dillon <john.dillon892@googlemail•com> wrote:
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> On Mon, Jun 10, 2013 at 8:14 AM, Melvin Carvalho
> <melvincarvalho@gmail•com> wrote:
> > -1
> >
> > Firstly I appreciate the ingenious thought that went into this post.
> >
> > However, Bitcoin's fundamental philosophy was one CPU one vote.
>
> Indeed it was. Which is why as GPU's came onto the scene Satoshi was
> strongly
> against them. I have to wonder what he thinks of ASICs where just a
> handful of
> companies control the supply of Bitcoin hashing power.
>
Thanks for your reply. Do you have a pointer to Satoshi being strongly
against GPU? I'd be interested to see that. FWIW, I've read all his forum
posts a few times, I just dont recall this one, tho I'm sure it's there...
>
> Satoshi also never forsaw pools, which are why just 2 or 3 people control
> the
> majority of Bitcoin hashing power.
>
> > The asymmetry lies in psychological terms, in that new defaults tend to
> be
> > adopted 80% of the time, so core devs have disproportionate amount of
> power
> > as things stand.
>
> That's why I'm very clear that doing nothing is a vote for the status quo.
> Of
> course wallet authors can do what they want to try to get users to vote
> according to their wishes, or for that matter simply steal your vote, but
> we
> already must put a lot of faith into wallets to not steal our funds.
>
> > Unless there's a very good reason not to, e.g. miners are clearly abusing
> > the system, we should stick with 1 CPU one vote.
>
> People are proposing we put control of the blocksize entirely into the
> hands of
> miners, yet we all have an interest in auditing the blocks miners produce.
> There must be balance.
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next prev parent reply other threads:[~2013-06-10 8:39 UTC|newest]
Thread overview: 15+ messages / expand[flat|nested] mbox.gz Atom feed top
2013-06-10 4:09 John Dillon
[not found] ` <CAFBxzACPpLd1gmoAzxviU2rLPry=cGNQhEZvYV=q_PLRQQ5wXw@mail.gmail.com>
2013-06-10 4:59 ` John Dillon
2013-06-10 5:30 ` Peter Todd
2013-06-10 6:34 ` Daniel Lidstrom
2013-06-10 8:14 ` Melvin Carvalho
2013-06-10 8:26 ` John Dillon
2013-06-10 8:39 ` Melvin Carvalho [this message]
2013-06-10 8:35 ` Pieter Wuille
2013-06-10 12:30 ` Melvin Carvalho
2013-06-10 16:46 ` Mark Friedenbach
2013-06-10 17:25 ` Alan Reiner
2013-06-10 17:43 ` Peter Todd
2013-06-15 18:28 ` John Dillon
2013-06-22 12:05 ` Melvin Carvalho
2013-06-28 10:25 ` John Dillon
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