Gregory Maxwell [ARCHIVE] on Nostr: 📅 Original date posted:2015-12-08 📝 Original message:On Tue, Dec 8, 2015 at ...
📅 Original date posted:2015-12-08
📝 Original message:On Tue, Dec 8, 2015 at 11:48 PM, Jonathan Toomim <j at toom.im> wrote:
> I understood that SegWit would allow about 1.75 MB of data in the average
> case while also allowing up to 4 MB of data in the worst case. This means
> that the mining and block distribution network would need a larger safety
> factor to deal with worst-case situations, right? If you want to make sure
By contrast it does not reduce the safety factor for the UTXO set at
all; which most hold as a much greater concern in general; and that
isn't something you can say for a block size increase.
With respect to witness safety factor; it's only needed in the case of
strategic or malicious behavior by miners-- both concerns which
several people promoting large block size increases have not only
disregarded but portrayed as unrealistic fear-mongering. Are you
concerned about it? In any case-- the other improvements described in
my post give me reason to believe that risks created by that
possibility will be addressable.
Published at
2023-06-07 17:45:47Event JSON
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"content": "📅 Original date posted:2015-12-08\n📝 Original message:On Tue, Dec 8, 2015 at 11:48 PM, Jonathan Toomim \u003cj at toom.im\u003e wrote:\n\u003e I understood that SegWit would allow about 1.75 MB of data in the average\n\u003e case while also allowing up to 4 MB of data in the worst case. This means\n\u003e that the mining and block distribution network would need a larger safety\n\u003e factor to deal with worst-case situations, right? If you want to make sure\n\nBy contrast it does not reduce the safety factor for the UTXO set at\nall; which most hold as a much greater concern in general; and that\nisn't something you can say for a block size increase.\n\nWith respect to witness safety factor; it's only needed in the case of\nstrategic or malicious behavior by miners-- both concerns which\nseveral people promoting large block size increases have not only\ndisregarded but portrayed as unrealistic fear-mongering. Are you\nconcerned about it? In any case-- the other improvements described in\nmy post give me reason to believe that risks created by that\npossibility will be addressable.",
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