On 5 August 2015 at 12:51, Hector Chu <hector...@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 _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
