From: Adam Back <adam@cypherspace•org>
To: Hector Chu <hectorchu@gmail•com>
Cc: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] "A Transaction Fee Market Exists Without a Block Size Limit"--new research paper suggests
Date: Wed, 5 Aug 2015 13:07:35 +0200 [thread overview]
Message-ID: <CALqxMTH9K1WrZo9RUBmK93y_42ffe_Ni7yJFrghJy_7EZMM8Eg@mail.gmail.com> (raw)
In-Reply-To: <CAAO2FKGjarDHVyF0kJ39iS=QPQ_XrB97=dgHVVwSyih05EjJsQ@mail.gmail.com>
On 5 August 2015 at 12:51, Hector Chu <hectorchu@gmail•com> wrote:
> The market I am thinking of would be open to all, not just miners. But
> miners would probably be best placed to profit from such a market, as it is
> their business to know about the revenue/costs tradeoff.
This prediction market in block-size seems like something extremely
complex to operate and keep secure in a decentralised fashion. There
are several experimental projects right now trying to figure out how
to do this securely, using blockchain ideas, but it is early days for
those projects.
We also have no particular reason to suppose other than
meta-incentive, that it should result in a secure parameter set.
I suspect that, while it is interesting in the abstract, it risks
converting a complex security problem into an even more complex one,
rather than constituting an incremental security improvement which is
more the context of day to day discussions here.
Adam
next prev parent reply other threads:[~2015-08-05 11:07 UTC|newest]
Thread overview: 29+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-08-03 15:22 [bitcoin-dev] Eli Dourado on "governance" Gavin Andresen
[not found] ` <1438640036.2828.0.camel@auspira.com>
2015-08-03 22:21 ` Gavin Andresen
2015-08-04 6:40 ` [bitcoin-dev] "A Transaction Fee Market Exists Without a Block Size Limit"--new research paper suggests Peter R
2015-08-04 18:41 ` Dave Hudson
2015-08-04 21:18 ` Peter Todd
2015-08-04 21:30 ` Gavin Andresen
2015-08-04 21:46 ` Peter Todd
2015-08-05 0:26 ` Milly Bitcoin
2015-08-05 0:40 ` Neil Fincham
2015-08-04 23:37 ` Dave Hudson
2015-08-05 22:15 ` Peter R
2015-08-05 22:44 ` Dave Hudson
2015-08-05 23:45 ` Tom Harding
2015-08-05 8:33 ` Benjamin
2015-08-05 9:18 ` Hector Chu
2015-08-05 9:57 ` Adam Back
2015-08-05 10:51 ` Hector Chu
2015-08-05 11:07 ` Adam Back [this message]
2015-08-05 11:35 ` Hector Chu
2015-08-05 19:04 ` Hector Chu
2015-08-05 10:26 ` Peter R
[not found] ` <CAAS2fgTzeFnmnr2ScZvf1pDUtF+M3HhF9xo0yhjVPObpqhgz0A@mail.gmail.com>
[not found] ` <6ED57388-6EC3-4515-BF3F-E753301537AB@gmx.com>
[not found] ` <CAAS2fgRoFna4i-d=hpmz-CpV35VQ=J1aEoTTT6B1oD4f15C1KA@mail.gmail.com>
[not found] ` <C8B38FEC-0EF2-483F-9E53-43AB937455A0@gmx.com>
[not found] ` <CAAS2fgQjXNTi9Y_YwLg2dR8baYZhvmEjw43ictt749zR2AOEWw@mail.gmail.com>
[not found] ` <6FED5604-4A6F-4CE1-B42E-36626375D557@gmx.com>
[not found] ` <CAAS2fgQ7hRRvRtD8igcZ2aWBmnqre6iM27peCFGxgC8ODb9jgw@mail.gmail.com>
[not found] ` <6BA86443-7534-4AAA-92BC-EC9B1603DE5F@gmx.com>
[not found] ` <CAAS2fgTTZKD9LQHpMmEH0OU=T8Ta7cCaavWzhM1yQ68-MAT8UQ@mail.gmail.com>
[not found] ` <27B16AB4-0DAD-4665-BF08-7A0C0A70D8D8@gmx.com>
[not found] ` <CAAS2fgRm_CSmWgr7CGmBUD0nX+V0fJ8N4TQN01Vchgip9-s6uQ@mail.gmail.com>
[not found] ` <CAAS2fgT+DP+DaoCMG276uF4=Yoi-w40YyNP-RDRG7NQgOmtpGw@mail.gmail.com>
[not found] ` <CAEgR2PGn_SER18sMuKPJJz5RT=1K=346eCm ph5FJQhhoLcV1zw@mail.gmail.com>
[not found] ` <CAEgR2PGn_SER18sMuKPJJz5RT=1K=346eCmph5FJQhhoLcV1zw@mail.gmail.com>
2015-08-30 20:08 ` Peter R
2015-08-30 21:02 ` Daniele Pinna
2015-08-04 14:22 ` [bitcoin-dev] Eli Dourado on "governance" Anthony Towns
2015-08-04 18:28 ` Owen
2015-08-05 3:07 ` Eric Lombrozo
2015-08-05 6:32 ` Mashuri Clark
2015-08-05 13:28 ` Mashuri Clark
2015-08-07 16:26 ` Thomas Zander
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