From: jl2012@xbt•hk
To: Jeff Garzik <jgarzik@gmail•com>
Cc: Bitcoin development mailing list <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] block size - pay with difficulty
Date: Thu, 03 Sep 2015 00:55:35 -0400 [thread overview]
Message-ID: <d15669b6ce3dbc89dff6c907a5749034@xbt.hk> (raw)
In-Reply-To: <CADm_Wcb+5Xo3HS-FNUYtCapVpYfVvUS_fxpU0Q=TZHJW1=iAFQ@mail.gmail.com>
Jeff Garzik via bitcoin-dev 於 2015-09-03 00:05 寫到:
> Schemes proposing to pay with difficulty / hashpower to change block
> size should be avoided. The miners incentive has always been fairly
> straightforward - it is rational to deploy new hashpower as soon as
> you can get it online. Introducing the concepts of (a) requiring
> out-of-band collusion to change block size and/or (b) requiring miners
> to have idle hashpower on hand to change block size are both
> unrealistic and potentially corrosive. That potentially makes the
> block size - and therefore fee market - too close, too sensitive to
> the wild vagaries of the mining chip market.
>
> Pay-to-future-miner has neutral, forward looking incentives worth
> researching.
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists•linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
Ref:
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010723.html
I explained here why pay with difficulty is bad for everyone: miners and
users, and described the use of OP_CLTV for pay-to-future-miner
However, a general problem of pay-to-increase-block-size scheme is it
indirectly sets a minimal tx fee, which could be difficult and
arbitrary, and is against competition
next prev parent reply other threads:[~2015-09-03 4:55 UTC|newest]
Thread overview: 12+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-09-03 4:05 Jeff Garzik
2015-09-03 4:55 ` jl2012 [this message]
2015-09-03 14:18 ` Jeff Garzik
2015-09-03 18:24 ` jl2012
2015-09-03 6:57 ` Gregory Maxwell
2015-09-03 14:31 ` Jeff Garzik
2015-09-03 14:40 ` Jeff Garzik
2015-09-03 17:57 ` Gregory Maxwell
2015-09-03 18:23 ` Jorge Timón
2015-09-03 18:28 ` Btc Drak
2015-09-03 19:17 ` Gregory Maxwell
2015-09-03 18:23 ` Tom Harding
Reply instructions:
You may reply publicly to this message via plain-text email
using any one of the following methods:
* Save the following mbox file, import it into your mail client,
and reply-to-all from there: mbox
Avoid top-posting and favor interleaved quoting:
https://en.wikipedia.org/wiki/Posting_style#Interleaved_style
* Reply using the --to, --cc, and --in-reply-to
switches of git-send-email(1):
git send-email \
--in-reply-to=d15669b6ce3dbc89dff6c907a5749034@xbt.hk \
--to=jl2012@xbt$(echo .)hk \
--cc=bitcoin-dev@lists$(echo .)linuxfoundation.org \
--cc=jgarzik@gmail$(echo .)com \
/path/to/YOUR_REPLY
https://kernel.org/pub/software/scm/git/docs/git-send-email.html
Be sure your reply has a Subject: header at the top and a blank line
before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox