š
Original date posted:2015-08-25
š Original message:On Tue, Aug 25, 2015 at 04:26:23PM -0400, Matt Whitlock wrote:
> On Tuesday, 25 August 2015, at 1:16 pm, Peter Todd via bitcoin-dev wrote:
> > What would you think of an approach like John Dillon's proposal to
> > explicitly give the economic majority of coin holders a vote for the max
> > blocksize? Miners could still vote BIP100 style for what max they were
> > willing to use, limited in turn by the vote of the economic majority.
>
> What fraction of coin holders do you suppose will vote? And, of those, what fraction have the technical knowledge to make an informed vote? It would be like polling Toyota truck owners to see whether the 2017 Tacoma should increase its engine's cylinder displacement by 10%. Ordinary users just aren't going to be able to vote meaningfully, and most won't respond to the poll at all.
Note that you can make the % of voters required adapt dyanmically to voter
interest. Also, your example is rather misleading, as car buyers *do*
make those kinds of decisions though various market mechanisms. Equally,
you can make the same criticism of democracy in general.
An interesting idea would be to design a voting mechanism such that only
users with access to validating nodes be able to vote - a fundemental
requirement for users to fully participate in Bitcoin's goverance.
--
'peter'[:-1]@petertodd.org
00000000000000000ba8add4a8edc1b0467e9e377da016834d2abff3fc8ce1fb
-------------- next part --------------
A non-text attachment was scrubbed...
Name: signature.asc
Type: application/pgp-signature
Size: 650 bytes
Desc: Digital signature
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150825/ffdc45ab/attachment.sig>;
Peter Todd [ARCHIVE] /
npub1m2ā¦a2np2
2023-06-07 17:38:08
in reply to nevent1qā¦y2u7
Author Public Key
npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2Published at
2023-06-07 17:38:08Event JSON
{
"id": "bfa67ae50e7f729da36ace76bbd6bbe357ed17ccb15e9732e8db8ee458079f8b",
"pubkey": "daa2fc676a25e3b5b45644540bcbd1e1168b111427cd0e3cf19c56194fb231aa",
"created_at": 1686159488,
"kind": 1,
"tags": [
[
"e",
"9dbfdbe8d208c0b7c49e405b77d802c4507f06453b59f8a8a4bc9a93cf162e18",
"",
"root"
],
[
"e",
"2e9051e7c727f0a37a0a2c87f70264fa9efcd50f1cb28c5b22c66a3e96e80f67",
"",
"reply"
],
[
"p",
"f00d0858b09287e941ccbc491567cc70bdbc62d714628b167c1b76e7fef04d91"
]
],
"content": "š
Original date posted:2015-08-25\nš Original message:On Tue, Aug 25, 2015 at 04:26:23PM -0400, Matt Whitlock wrote:\n\u003e On Tuesday, 25 August 2015, at 1:16 pm, Peter Todd via bitcoin-dev wrote:\n\u003e \u003e What would you think of an approach like John Dillon's proposal to\n\u003e \u003e explicitly give the economic majority of coin holders a vote for the max\n\u003e \u003e blocksize? Miners could still vote BIP100 style for what max they were\n\u003e \u003e willing to use, limited in turn by the vote of the economic majority.\n\u003e \n\u003e What fraction of coin holders do you suppose will vote? And, of those, what fraction have the technical knowledge to make an informed vote? It would be like polling Toyota truck owners to see whether the 2017 Tacoma should increase its engine's cylinder displacement by 10%. Ordinary users just aren't going to be able to vote meaningfully, and most won't respond to the poll at all.\n\nNote that you can make the % of voters required adapt dyanmically to voter\ninterest. Also, your example is rather misleading, as car buyers *do*\nmake those kinds of decisions though various market mechanisms. Equally,\nyou can make the same criticism of democracy in general.\n\nAn interesting idea would be to design a voting mechanism such that only\nusers with access to validating nodes be able to vote - a fundemental\nrequirement for users to fully participate in Bitcoin's goverance.\n\n-- \n'peter'[:-1]@petertodd.org\n00000000000000000ba8add4a8edc1b0467e9e377da016834d2abff3fc8ce1fb\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: signature.asc\nType: application/pgp-signature\nSize: 650 bytes\nDesc: Digital signature\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150825/ffdc45ab/attachment.sig\u003e",
"sig": "2e629a485bb7f8ceaa5f297aaeae82edaea3c5473694f6af7dd465ced4da06af7e4c91c44a4b25aa69d356f6c4a0c0ef66798ee11e4653bbb6c89ecfdf9a6c3c"
}