📅 Original date posted:2015-12-16
📝 Original message:On Wed, Dec 16, 2015 at 4:24 PM, Jorge Timón <jtimon at jtimon.cc> wrote:
> Assuming we adopt bip102, eventually you will be able to say exactly the
> same about 2 MB. When does this "let's not change the economics" finishes
> (if ever)?
>
The question is answered in the original email.
In the short term, the risk of a Fee Event and lack of solid post-Fee-Event
economic plan implies "short term bump" reduces those risks.
It is also true - as noted in [1], a bump does create the danger of long
term moral hazard.
This is why a bump should be accompanied with at least a weak public
commitment to flexcap or a similar long term proposal, as the original
email recommended. Communicate clearly the conditions for future change,
then iterate as needs and feedback indicate.
[1] http://gtf.org/garzik/bitcoin/BIP100-blocksizechangeproposal.pdf
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Jeff Garzik [ARCHIVE] /
npub1kf…f3f58
2023-06-07 17:46:22
in reply to nevent1q…cfe3
Author Public Key
npub1kf0ppcjaguxekg24yx6smgxlu73qn0k8lm0t2wrqc0scpl7u3sgsmf3f58Published at
2023-06-07 17:46:22Event JSON
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"content": "📅 Original date posted:2015-12-16\n📝 Original message:On Wed, Dec 16, 2015 at 4:24 PM, Jorge Timón \u003cjtimon at jtimon.cc\u003e wrote:\n\n\u003e Assuming we adopt bip102, eventually you will be able to say exactly the\n\u003e same about 2 MB. When does this \"let's not change the economics\" finishes\n\u003e (if ever)?\n\u003e\n\nThe question is answered in the original email.\n\nIn the short term, the risk of a Fee Event and lack of solid post-Fee-Event\neconomic plan implies \"short term bump\" reduces those risks.\n\nIt is also true - as noted in [1], a bump does create the danger of long\nterm moral hazard.\n\nThis is why a bump should be accompanied with at least a weak public\ncommitment to flexcap or a similar long term proposal, as the original\nemail recommended. Communicate clearly the conditions for future change,\nthen iterate as needs and feedback indicate.\n\n\n\n[1] http://gtf.org/garzik/bitcoin/BIP100-blocksizechangeproposal.pdf\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20151216/eecf9243/attachment.html\u003e",
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