Re: [bitcoin-dev] Consensus based block size retargeting algorithm (draft)

2015-08-29 Thread Elliot Olds via bitcoin-dev
On Fri, Aug 28, 2015 at 4:46 PM, Btc Drak via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > On Sat, Aug 29, 2015 at 12:35 AM, Chris Pacia via bitcoin-dev > > It may be in everyone's collective interest to raise the block size but > not > > their individual interest. > > It is clear

Re: [bitcoin-dev] A summary list of all concerns related to not rising the block size

2015-08-20 Thread Elliot Olds via bitcoin-dev
On Fri, Aug 14, 2015 at 4:57 PM, Jorge Timón < bitcoin-dev@lists.linuxfoundation.org> wrote: > To be clear, these two are just my personal lists of arguments on > "each side" to clear my mind and try to be perfectly objective. > [...] > Here's the updated both-thread lists: > > > http://0bin.net/p

Re: [bitcoin-dev] A summary list of all concerns related to not rising the block size

2015-08-15 Thread Elliot Olds via bitcoin-dev
On Fri, Aug 14, 2015 at 3:55 PM, Jorge Timón wrote: > On Wed, Aug 12, 2015 at 9:52 PM, Elliot Olds > wrote: > > -Reduce the utility of people using the network, even if the higher fees > > don't reduce their amount of transactions. > > "Utility" like "value" is always subjective and very vague.

Re: [bitcoin-dev] Fees and the block-finding process

2015-08-14 Thread Elliot Olds via bitcoin-dev
On Tue, Aug 11, 2015 at 9:47 PM, Venzen Khaosan wrote: > > On 08/12/2015 10:35 AM, Elliot Olds via bitcoin-dev wrote: > > It depends on which use case's reliability that you focus on. For > > any specific use case of Bitcoin, that use case will be more > > reli

Re: [bitcoin-dev] A summary list of all concerns related to not rising the block size

2015-08-12 Thread Elliot Olds via bitcoin-dev
On Wed, Aug 12, 2015 at 2:59 AM, Jorge Timón < bitcoin-dev@lists.linuxfoundation.org> wrote: > I believe all concerns I've read can be classified in the following groups: > > > 1) Potential indirect consequence of rising fees. > I'd rephrase this as "Consequences of high fees." It's the level of

Re: [bitcoin-dev] Fees and the block-finding process

2015-08-11 Thread Elliot Olds via bitcoin-dev
On Tue, Aug 11, 2015 at 2:51 PM, Pieter Wuille via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > On Tue, Aug 11, 2015 at 11:35 PM, Michael Naber > wrote: > >> Bitcoin would be better money than current money even if it were a bit >> more expensive to transact, simply because of it

Re: [bitcoin-dev] Fees and the block-finding process

2015-08-11 Thread Elliot Olds via bitcoin-dev
On Fri, Aug 7, 2015 at 9:28 AM, Pieter Wuille via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > On Fri, Aug 7, 2015 at 5:55 PM, Gavin Andresen > wrote: > >> I think there are multiple reasons to raise the maximum block size, and >> yes, fear of Bad Things Happening as we run up ag

Re: [bitcoin-dev] Block size following technological growth

2015-08-10 Thread Elliot Olds via bitcoin-dev
On Mon, Aug 10, 2015 at 12:28 PM, Jorge Timón wrote: > I would just like that there was an attempt to automatically > estimate those risks before taking those risks. > I agree. > My main point about fees is that minimum mining fees rising above zero > (theri current level) is not necessarily a

Re: [bitcoin-dev] Block size following technological growth

2015-08-06 Thread Elliot Olds via bitcoin-dev
On Wed, Aug 5, 2015 at 6:26 PM, Jorge Timón wrote: > > > Given that for any non-absurdly-big size some transactions will > eventually be priced out, and that the consensus rule serves for > limiting mining centralization (and more indirectly centralization in > general) and not about trying to set

Re: [bitcoin-dev] Block size following technological growth

2015-08-05 Thread Elliot Olds via bitcoin-dev
On Tue, Aug 4, 2015 at 4:59 AM, Jorge Timón < bitcoin-dev@lists.linuxfoundation.org> wrote: > > Also I don't think "hitting the limit" must be necessarily harmful and > if it is, I don't understand why hitting it at 1MB will be more > harmful than hitting it at 2MB, 8MB or 8GB. I don't think mere

Re: [bitcoin-dev] Block size following technological growth

2015-07-31 Thread Elliot Olds via bitcoin-dev
On Fri, Jul 31, 2015 at 7:58 AM, Mike Hearn via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > > But it is easier to find common ground with others by compromising. Is 8mb > better than no limit? I don't know and I don't care much: > People seeing statements like this might imagine