📅 Original date posted:2015-08-28
📝 Original message:This is the best proposal I've seen yet. Allow me to summarize:
• It addresses the problem, in Jeff Garzik's BIP 100, of miners selling their block-size votes.
• It addresses the problem, in Gavin Andresen's BIP 101, of blindly trying to predict future market needs versus future technological capacities.
• It avoids a large step discontinuity in the block-size limit by starting with a 1-MB limit.
• It throttles changes to ±10% every 2016 blocks.
• It imposes a tangible cost (higher difficulty) on miners who vote to raise the block-size limit.
• It avoids incentivizing miners to vote to lower the block-size limit.
However, this proposal currently fails to answer a very important question:
• What is the mechanism for activation of the new consensus rule? It is when a certain percentage of the blocks mined in a 2016-block retargeting period contain valid block-size votes?
https://github.com/btcdrak/bips/blob/bip-cbbsra/bip-cbbrsa.mediawiki
On Friday, 28 August 2015, at 9:28 pm, Btc Drak via bitcoin-dev wrote:
> Pull request: https://github.com/bitcoin/bips/pull/187
Matt Whitlock [ARCHIVE] /
npub17q…upwet
2023-06-07 17:37:50
in reply to nevent1q…vvmd
Author Public Key
npub17qxssk9sj2r7jswvh3y32e7vwz7mcckhz33gk9nurdmw0lhsfkgswupwetPublished at
2023-06-07 17:37:50Event JSON
{
"id": "ca3b8fdff9034eacea95052847a951d76a59ec6577844712151d73e70768ab68",
"pubkey": "f00d0858b09287e941ccbc491567cc70bdbc62d714628b167c1b76e7fef04d91",
"created_at": 1686159470,
"kind": 1,
"tags": [
[
"e",
"89feefa8fe3dbd95b7d3a6c8b355b09f064e01d014925a52bfb3842ed0275076",
"",
"root"
],
[
"e",
"941977ae843b357d3fe9c68cf765ed8e3f841416cf2f24880745fa85d4df0b13",
"",
"reply"
],
[
"p",
"fdf31024ca0537ed828d895ddc8525f8af023f0dc935a8327a8a496d0d7a9f83"
]
],
"content": "📅 Original date posted:2015-08-28\n📝 Original message:This is the best proposal I've seen yet. Allow me to summarize:\n\n• It addresses the problem, in Jeff Garzik's BIP 100, of miners selling their block-size votes.\n• It addresses the problem, in Gavin Andresen's BIP 101, of blindly trying to predict future market needs versus future technological capacities.\n• It avoids a large step discontinuity in the block-size limit by starting with a 1-MB limit.\n• It throttles changes to ±10% every 2016 blocks.\n• It imposes a tangible cost (higher difficulty) on miners who vote to raise the block-size limit.\n• It avoids incentivizing miners to vote to lower the block-size limit.\n\nHowever, this proposal currently fails to answer a very important question:\n\n• What is the mechanism for activation of the new consensus rule? It is when a certain percentage of the blocks mined in a 2016-block retargeting period contain valid block-size votes?\n\n\nhttps://github.com/btcdrak/bips/blob/bip-cbbsra/bip-cbbrsa.mediawiki\n\n\nOn Friday, 28 August 2015, at 9:28 pm, Btc Drak via bitcoin-dev wrote:\n\u003e Pull request: https://github.com/bitcoin/bips/pull/187",
"sig": "d21b9f3df68f7a3d13f3e87370689402659375566218edd5cb6d70eea05ca5380741b584eb8aa567f9c42d864985afb2d49d0b6a16ba7873be9f367decca0ac4"
}