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From: "Jorge Timón" <jtimon@jtimon.cc>
To: Ashley Holman <dscvlt@gmail.com>
Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] A summary list of all concerns related to not rising the block size
Date: Sat, 15 Aug 2015 00:57:18 +0200	[thread overview]
Message-ID: <CABm2gDphRR20QT6mQ66pheQyEJz26RLDZD-FNx5=Jqr9JZkkLQ@mail.gmail.com> (raw)
In-Reply-To: <CAOXABZrMcpf4s=BuGsuLLoV80xt=hcd-i+h0V+AdJDQ2D8NKXg@mail.gmail.com>

On Thu, Aug 13, 2015 at 11:52 AM, Ashley Holman via bitcoin-dev
<bitcoin-dev@lists.linuxfoundation.org> wrote:
> A concern I have is about security (hash rate) as a function of block size.
>
> I am assuming that hash rate is correlated with revenue from mining.
>
> Total revenue from fees as a function of block size should be a curve.  On
> one extreme of the curve, if blocks are too big, fee revenue tends towards 0
> as there is no competition for block space.  At the other extreme, if blocks
> are too small, fee revenue is limited only to what the most valuable use
> case(s) can afford.  Somewhere in the middle there should be a sweet spot
> where fee revenue is maximised.  It's not a static curve though, it should
> change as demand for block space changes.
>
> Failing to scale the block size as demand grows might be forfeiting
> potential miner revenue and hence security.
>
> (I don't think that should be a primary concern though since
> decentralisation should come first, but I'm just pointing it out as a
> secondary concern).

I believe your concerns are included in:

1) Potential indirect consequence of rising fees.
[...]
1.4) Less users than we could have had with a bigger size
1.4.2) Not enough fees when subsidy is lower


  parent reply	other threads:[~2015-08-14 22:57 UTC|newest]

Thread overview: 18+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2015-08-12  9:59 [bitcoin-dev] A summary list of all concerns related to not rising the block size Jorge Timón
2015-08-12 11:21 ` Venzen Khaosan
2015-08-14 22:35   ` Jorge Timón
2015-08-14 23:12     ` Jorge Timón
2015-08-14 23:57       ` Jorge Timón
2015-08-20 21:11         ` Elliot Olds
2015-08-20 21:29           ` Ahmed Zsales
2015-08-12 19:52 ` Elliot Olds
2015-08-14 22:55   ` Jorge Timón
2015-08-15 20:36     ` Elliot Olds
2015-08-13  9:52 ` Ashley Holman
2015-08-13 16:36   ` Jean-Paul Kogelman
2015-08-14 22:57   ` Jorge Timón [this message]
2015-08-13 22:01 ` Geir Harald Hansen
2015-08-14  2:26   ` Venzen Khaosan
2015-08-14 11:35     ` Marcel Jamin
2015-08-14 13:48     ` Thomas Zander
2015-08-14 22:59   ` Jorge Timón

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