馃搮 Original date posted:2015-06-28
馃摑 Original message:On Sat, Jun 27, 2015 at 2:10 PM, NxtChg <nxtchg at hush.com> wrote:
>
> On 6/27/2015 at 2:04 PM, "Jorge Tim贸n" <jtimon at jtimon.cc> wrote:
>
>>But that option is not unknown...
>
> It is, until it actually happens. Before that, anything is a speculation. That's why risk is attached to both "doing nothing" and "raising the limit".
Fortunately we have a lower limit in the standard mining policy to see
if the skies turn purple when we hit that limit like some people
predict.
> Various people perceive these risks differently and there is no clear mechanism currently to somehow gauge what the majority wants. So it's tempting to just give up and say: let's do nothing.
>
> In this situation, doing a "software fork" seems like the only way to actually see how many people/interests are in favor of bigger blocks.
But this is NOT a way to see the majority of anything. I can run 1000
nodes, have you heard of sybil attacks?
There's simply no decentralized way of voting that works. Otherwise we
could vote on each block instead of using proof of work.
Miners voting on size is also ridiculous since big miners have an
incentive to completely remove the limit and make smaller miners
unprofitable.
> (Whether the majority has a moral right to dictate the minority is a tough philosophical question, which should probably be left out of this discussion :)
No, this is very important. The majority has no right to dictate on
the minority.
If the majority of bitcoiners wanted demurrage (and we actually had a
working method for "measuring majorities"), the minority would still
say "these are not the rules we signed up for, go make freicoin as a
separate chain".
And that is very reasonable. If some people want a more centralized
version of Bitcoin they can create an altcoin too. Doesn't dogecoin
already have big blocks?
Jorge Tim贸n [ARCHIVE] /
npub1fx鈥l2d8
2023-06-07 15:40:40
in reply to nevent1q鈥ph8
Author Public Key
npub1fx98zxt3lzspjs5f4msr0fxysx5euucm29ghysryju7vpc9j0jzqtcl2d8Published at
2023-06-07 15:40:40Event JSON
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"content": "馃搮 Original date posted:2015-06-28\n馃摑 Original message:On Sat, Jun 27, 2015 at 2:10 PM, NxtChg \u003cnxtchg at hush.com\u003e wrote:\n\u003e\n\u003e On 6/27/2015 at 2:04 PM, \"Jorge Tim贸n\" \u003cjtimon at jtimon.cc\u003e wrote:\n\u003e\n\u003e\u003eBut that option is not unknown...\n\u003e\n\u003e It is, until it actually happens. Before that, anything is a speculation. That's why risk is attached to both \"doing nothing\" and \"raising the limit\".\n\nFortunately we have a lower limit in the standard mining policy to see\nif the skies turn purple when we hit that limit like some people\npredict.\n\n\u003e Various people perceive these risks differently and there is no clear mechanism currently to somehow gauge what the majority wants. So it's tempting to just give up and say: let's do nothing.\n\u003e\n\u003e In this situation, doing a \"software fork\" seems like the only way to actually see how many people/interests are in favor of bigger blocks.\n\nBut this is NOT a way to see the majority of anything. I can run 1000\nnodes, have you heard of sybil attacks?\nThere's simply no decentralized way of voting that works. Otherwise we\ncould vote on each block instead of using proof of work.\nMiners voting on size is also ridiculous since big miners have an\nincentive to completely remove the limit and make smaller miners\nunprofitable.\n\n\u003e (Whether the majority has a moral right to dictate the minority is a tough philosophical question, which should probably be left out of this discussion :)\n\nNo, this is very important. The majority has no right to dictate on\nthe minority.\nIf the majority of bitcoiners wanted demurrage (and we actually had a\nworking method for \"measuring majorities\"), the minority would still\nsay \"these are not the rules we signed up for, go make freicoin as a\nseparate chain\".\nAnd that is very reasonable. If some people want a more centralized\nversion of Bitcoin they can create an altcoin too. Doesn't dogecoin\nalready have big blocks?",
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