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From: Tom Harding <tomh@thinlink.com>
To: bitcoin-development@lists.sourceforge.net
Subject: Re: [Bitcoin-development] Block Size Increase
Date: Thu, 07 May 2015 21:46:48 -0700	[thread overview]
Message-ID: <554C3FB8.6000309@thinlink.com> (raw)
In-Reply-To: <CABm2gDpceBQ=SqH-axgbMgOGOf8cOe1wLyJgJY5TEFu4taiNwA@mail.gmail.com>

On 5/7/2015 6:40 AM, Jorge Timón wrote:
>> Known: There's a major problem looming for miners at the next block reward
>> halving. Many are already in a bad place and without meaningful fees then
>> sans a 2x increase in the USD:BTC ratio then many will simply have to leave
>> the network, increasing centralisation risks. There seems to be a fairly
>> pervasive assumption that the 300-ish MW of power that they currently use is
>> going to pay for itself (ignoring capital and other operating costs).
> I take this as an argument for increasing fee competition and thus,
> against increasing the block size.
>

That doesn't follow.  Supposing average fees per transaction decrease
with block size, total fees / block reach an optimum somewhere.  While
the optimum might be at infinity, it's certainly not at zero, and it's
not at all obvious that the optimum is at a block size lower than 1MB.





  reply	other threads:[~2015-05-08  4:46 UTC|newest]

Thread overview: 116+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2015-05-06 22:12 [Bitcoin-development] Block Size Increase Matt Corallo
2015-05-06 22:30 ` slush
2015-05-06 23:06   ` Eric Lombrozo
2015-05-06 22:44 ` Tier Nolan
2015-05-06 23:12   ` Matt Corallo
2015-05-06 23:33     ` Tier Nolan
2015-05-06 23:41       ` Matt Corallo
2015-05-07  2:16         ` Peter Todd
2015-05-06 23:11 ` Matt Whitlock
2015-05-06 23:13   ` Matt Corallo
2015-05-07  0:00 ` Tom Harding
2015-05-07  0:07 ` Bryan Bishop
2015-05-07  0:37 ` Gregory Maxwell
2015-05-07  1:49 ` Peter Todd
2015-05-07  3:03   ` Justus Ranvier
2015-05-08 11:02   ` Thomas Zander
2015-05-08 20:17     ` Aaron Voisine
2015-05-07  3:47 ` Pieter Wuille
2015-05-07  9:25 ` Mike Hearn
2015-05-07 10:12   ` Peter Todd
2015-05-07 10:42   ` Btc Drak
2015-05-07 10:52   ` Jorge Timón
2015-05-07 11:15     ` Andrew
2015-05-07 11:29     ` Mike Hearn
2015-05-07 12:26       ` Jorge Timón
2015-05-07 14:05         ` Mike Hearn
2015-05-07 14:18           ` Bryan Bishop
2015-05-07 14:22           ` Peter Todd
2015-05-07 14:40           ` Peter Todd
2015-05-07 14:52           ` Gavin Andresen
2015-05-07 14:56             ` Peter Todd
2015-05-07 15:04             ` Alex Morcos
2015-05-07 15:09               ` Jeff Garzik
2015-05-07 15:12               ` Mike Hearn
2015-05-07 15:17                 ` Jeff Garzik
2015-05-07 15:29                   ` Mike Hearn
2015-05-07 15:35                     ` Jeff Garzik
2015-05-07 16:18                       ` Justus Ranvier
2015-05-07 16:21                     ` Jorge Timón
2015-05-07 17:29                       ` Peter Todd
2015-05-07 19:37                       ` Mike Hearn
2015-05-07 19:44                         ` Jérémie Dubois-Lacoste
2015-05-07 20:20                         ` Jérémie Dubois-Lacoste
2015-05-07 15:58             ` Matthew Mitchell
2015-05-07 16:47               ` Matthew Mitchell
2015-05-07 17:26             ` Matt Corallo
     [not found]               ` <CABsx9T2vAQyZODRE9apu0R1n=LybssQcuTYD7P3mAQH_Fv6QCQ@mail.gmail.com>
2015-05-07 17:40                 ` [Bitcoin-development] Fwd: " Gavin Andresen
2015-05-07 17:43               ` [Bitcoin-development] " Mike Hearn
2015-05-07 18:03                 ` Btc Drak
2015-05-07 18:06                   ` Mike Hearn
2015-05-07 18:21                     ` Ross Nicoll
2015-05-07 18:40                     ` Gavin Costin
2015-05-07 18:46                       ` Btc Drak
2015-05-07 19:31                         ` Bernard Rihn
2015-05-07 19:31                     ` Alan Reiner
2015-05-07 19:54                       ` Jeff Garzik
2015-05-07 19:59                         ` Justus Ranvier
2015-05-08  1:40                         ` Tom Harding
2015-05-08  2:09                           ` Jeff Garzik
2015-05-08  5:13                             ` Tom Harding
2015-05-08  9:43                               ` Mike Hearn
2015-05-08 15:23                               ` Alan Reiner
2015-05-08 14:59                         ` Alan Reiner
2015-05-08 15:49                           ` Jeff Garzik
2015-05-13 10:37                             ` Oliver Egginger
2015-05-13 11:25                               ` Angel Leon
2015-05-08 17:17                           ` Andrew
2015-05-08 17:51                             ` Alan Reiner
     [not found]                               ` <CADZB0_bK+YsK8sN-di2pynvjsq5VjSvnEu0-cCGhPqFunyVm7Q@mail.gmail.com>
2015-05-09 12:02                                 ` Andrew
2015-05-09 12:53                                   ` Justus Ranvier
2015-05-09 18:33                                     ` Andrew
2015-05-08  1:51                       ` Joel Joonatan Kaartinen
2015-05-08  3:41                       ` Peter Todd
2015-05-07 18:38                   ` Chris Wardell
2015-05-07 18:55                     ` Alex Mizrahi
2015-05-07 18:59                     ` Ross Nicoll
2015-05-07 19:03                 ` Matt Corallo
2015-05-07 19:13                   ` Jeff Garzik
2015-05-07 19:34                   ` Mike Hearn
2015-05-07 21:29                     ` Matt Corallo
2015-05-07 23:05                       ` 21E14
2015-05-07 15:33           ` Jorge Timón
2015-05-07 16:11             ` Mike Hearn
2015-05-07 16:47               ` Jorge Timón
2015-05-07 16:59                 ` Gavin Andresen
2015-05-07 17:42                   ` Peter Todd
2015-05-07 18:05                   ` Jorge Timón
2015-05-07 19:57               ` Btc Drak
2015-05-07 15:39           ` Btc Drak
2015-05-07 13:02       ` Peter Todd
2015-05-07 19:14       ` Matt Corallo
2015-05-07 11:55     ` Dave Hudson
2015-05-07 13:40       ` Jorge Timón
2015-05-08  4:46         ` Tom Harding [this message]
2015-05-07 14:04   ` Jeff Garzik
2015-05-07 14:32     ` Peter Todd
2015-05-07 14:38     ` Justus Ranvier
2015-05-07 14:49       ` Peter Todd
2015-05-07 15:13         ` Justus Ranvier
2015-05-07 15:25           ` Peter Todd
2015-05-07 15:04       ` Jeff Garzik
2015-05-07 15:16         ` Justus Ranvier
2015-05-07 15:27           ` Jeff Garzik
2015-05-07 15:33             ` Justus Ranvier
2015-05-07 15:47               ` Jeff Garzik
2015-05-07 15:50                 ` Justus Ranvier
2015-05-07 11:20 ` Wladimir J. van der Laan
2015-05-07 11:30   ` Eric Lombrozo
2015-05-07 15:56 ` Jeff Garzik
2015-05-07 16:13   ` Mike Hearn
2015-05-07 16:54 John Bodeen
2015-05-08 20:38 Raystonn .
2015-05-08 20:40 ` Mark Friedenbach
2015-05-08 20:51 Raystonn
2015-05-08 20:55 ` Mark Friedenbach
2015-05-08 21:01 Raystonn

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