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On 8 August 2015 11:03:04 GMT-04:00, Hector Chu <hector...@gmail.com> wrote: >Thanks for this Peter. It is quite long winded and complicated so I >just >wanted to clarify one particular point. In John's proposal, are the >coins >actually locked up, or are they still freely spendable post-vote? >Otherwise >there is no real cost to casting votes. Locking coins up is related to >the >time-value of money and has a cost the longer they are locked up for. John Dillon's proposal is essentially to have the economic majority give miners *permission* to raise the blocksize; making the vote costly is against the design intent of accurately capturing the broadest possible economic consensus. -----BEGIN PGP SIGNATURE----- iQE9BAEBCAAnIBxQZXRlciBUb2RkIDxwZXRlQHBldGVydG9kZC5vcmc+BQJVxhvv AAoJEMCF8hzn9Lnc47AH/1/4QjqSS2yYndM5evkl4h9ZJDxpeq++21pDprKn1HSu a5+0M8bcM1Jlk5+GSFqDLl920yQXTPZ5AOvJ9F6085/g2heGEg2iHP/iJsOGK6xe VWF/yR8sFYEe41BXP9r/la/AUFPcQWFUBqZgPqDBCqr87k2Hn5d3t0VITNwNHCge VJKlESGyyg3nMxfrvQq1YspKBkhTpIFMz1aw0CUh3kVOpmW2luFcA7SQzOWfBgDd 3ZExFhcn/5GcK3GudRsvcPNSIZQzeZcX2uQHCzQa7kvPdlZ1XntkE2ojy31Zq0nv Pj+CDBeKYtr4R0ZEn2bKhq39C3+1SZa5XkuCHAanBbQ= =vp56 -----END PGP SIGNATURE----- _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
