š
Original date posted:2015-08-08
š Original message:-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256
On 8 August 2015 11:03:04 GMT-04:00, Hector Chu <hectorchu at gmail.com> wrote:
>Thanks for this Peter. It is quite long winded and complicated so I
>just
>wanted to clarify one particular point. In John's proposal, are the
>coins
>actually locked up, or are they still freely spendable post-vote?
>Otherwise
>there is no real cost to casting votes. Locking coins up is related to
>the
>time-value of money and has a cost the longer they are locked up for.
John Dillon's proposal is essentially to have the economic majority give miners *permission* to raise the blocksize; making the vote costly is against the design intent of accurately capturing the broadest possible economic consensus.
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Peter Todd [ARCHIVE] /
npub1m2ā¦a2np2
2023-06-07 15:46:25
in reply to nevent1qā¦y2ag
Author Public Key
npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2Published at
2023-06-07 15:46:25Event JSON
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Original date posted:2015-08-08\nš Original message:-----BEGIN PGP SIGNED MESSAGE-----\nHash: SHA256\n\n\n\nOn 8 August 2015 11:03:04 GMT-04:00, Hector Chu \u003chectorchu at gmail.com\u003e wrote:\n\u003eThanks for this Peter. It is quite long winded and complicated so I\n\u003ejust\n\u003ewanted to clarify one particular point. In John's proposal, are the\n\u003ecoins\n\u003eactually locked up, or are they still freely spendable post-vote?\n\u003eOtherwise\n\u003ethere is no real cost to casting votes. Locking coins up is related to\n\u003ethe\n\u003etime-value of money and has a cost the longer they are locked up for.\n\nJohn Dillon's proposal is essentially to have the economic majority give miners *permission* to raise the blocksize; making the vote costly is against the design intent of accurately capturing the broadest possible economic consensus.\n\n-----BEGIN PGP SIGNATURE-----\n\niQE9BAEBCAAnIBxQZXRlciBUb2RkIDxwZXRlQHBldGVydG9kZC5vcmc+BQJVxhvv\nAAoJEMCF8hzn9Lnc47AH/1/4QjqSS2yYndM5evkl4h9ZJDxpeq++21pDprKn1HSu\na5+0M8bcM1Jlk5+GSFqDLl920yQXTPZ5AOvJ9F6085/g2heGEg2iHP/iJsOGK6xe\nVWF/yR8sFYEe41BXP9r/la/AUFPcQWFUBqZgPqDBCqr87k2Hn5d3t0VITNwNHCge\nVJKlESGyyg3nMxfrvQq1YspKBkhTpIFMz1aw0CUh3kVOpmW2luFcA7SQzOWfBgDd\n3ZExFhcn/5GcK3GudRsvcPNSIZQzeZcX2uQHCzQa7kvPdlZ1XntkE2ojy31Zq0nv\nPj+CDBeKYtr4R0ZEn2bKhq39C3+1SZa5XkuCHAanBbQ=\n=vp56\n-----END PGP SIGNATURE-----",
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