📅 Original date posted:2017-05-09
📝 Original message:Thanks Johnson and Hampus for the clarifications.
However, I would rather do the opposite: soft-fork to 50% now, and
soft-fork again to 75% discount later if needed, because it doesn't affect
the max transactions/second.
Segwit as it is today should be activated. However if it is not before
November, then for the next Segwit attempt I would choose a more
conservative 50% discount.
On Tue, May 9, 2017 at 12:45 PM, Johnson Lau <jl2012 at xbt.hk> wrote:
>
> > On 9 May 2017, at 21:49, Sergio Demian Lerner via bitcoin-dev <
> bitcoin-dev at lists.linuxfoundation.org> wrote:
> >
> >
> > So it seems the 75% discount has been chosen with the idea that in the
> future the current transaction pattern will shift towards multisigs. This
> is not a bad idea, as it's the only direction Bitcoin can scale without a
> HF.
> > But it's a bad idea if we end up doing, for example, a 2X blocksize
> increase HF in the future. In that case it's much better to use a 50%
> witness discount, and do not make scaling risky by making the worse case
> block size 8 Mbytes, when it could have been 2*2.7=5.4 Mbytes.
> >
>
> As we could change any parameter in a hardfork, I don’t think this has any
> relation with the current BIP141 proposal. We could just use 75% in a
> softfork, and change that to a different value (or completely redefine the
> definition of weight) with a hardfork later.
>
>
>
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Sergio Demian Lerner [ARCHIVE] /
npub1fv…3vq7f
2023-06-07 18:00:57
in reply to nevent1q…yk80
Author Public Key
npub1fvuxqdqg7klqqgy3yy8gdxjv4phu92sll5y8zqm2qe5qdrhxymhqf3vq7fPublished at
2023-06-07 18:00:57Event JSON
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"content": "📅 Original date posted:2017-05-09\n📝 Original message:Thanks Johnson and Hampus for the clarifications.\nHowever, I would rather do the opposite: soft-fork to 50% now, and\nsoft-fork again to 75% discount later if needed, because it doesn't affect\nthe max transactions/second.\n\nSegwit as it is today should be activated. However if it is not before\nNovember, then for the next Segwit attempt I would choose a more\nconservative 50% discount.\n\n\n\nOn Tue, May 9, 2017 at 12:45 PM, Johnson Lau \u003cjl2012 at xbt.hk\u003e wrote:\n\n\u003e\n\u003e \u003e On 9 May 2017, at 21:49, Sergio Demian Lerner via bitcoin-dev \u003c\n\u003e bitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\u003e \u003e\n\u003e \u003e\n\u003e \u003e So it seems the 75% discount has been chosen with the idea that in the\n\u003e future the current transaction pattern will shift towards multisigs. This\n\u003e is not a bad idea, as it's the only direction Bitcoin can scale without a\n\u003e HF.\n\u003e \u003e But it's a bad idea if we end up doing, for example, a 2X blocksize\n\u003e increase HF in the future. In that case it's much better to use a 50%\n\u003e witness discount, and do not make scaling risky by making the worse case\n\u003e block size 8 Mbytes, when it could have been 2*2.7=5.4 Mbytes.\n\u003e \u003e\n\u003e\n\u003e As we could change any parameter in a hardfork, I don’t think this has any\n\u003e relation with the current BIP141 proposal. We could just use 75% in a\n\u003e softfork, and change that to a different value (or completely redefine the\n\u003e definition of weight) with a hardfork later.\n\u003e\n\u003e\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20170509/e01b3062/attachment-0001.html\u003e",
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