It won't work as you thought. If a miner has 95% of hashing power, he
would have 95% of chance to find the next block and collect the penalty.
In long term, he only needs to pay 5% penalty. It's clearly biased
against small miners.
Instead, you should require the miners to burn the penalty. Wh
On 7 August 2015 at 09:52, Wes Green via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:
> Bitcoin is built on game theory. Somehow we seem to have forgotten that
> and are trying to fix our "block size issue" with magic numbers, projected
> percentage growth of bandwidth speeds, time
Bitcoin is built on game theory. Somehow we seem to have forgotten that and
are trying to fix our "block size issue" with magic numbers, projected
percentage growth of bandwidth speeds, time limits, etc... There are
instances where these types of solutions make sense, but this doesn't
appear to be
