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From: "t. khan" <teekhan42@gmail.com>
To: Bram Cohen <bram@bittorrent.com>
Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Managing block size the same way we do difficulty (aka Block75)
Date: Sat, 10 Dec 2016 19:52:58 -0500	[thread overview]
Message-ID: <CAGCNRJr+q-G_sA16tL56GHVsHC8M3JDohfRFeB3uxB6ts5n5ng@mail.gmail.com> (raw)
In-Reply-To: <CA+KqGkq6soxt-SK4Liby5NE=QSt4-OTZ-FfsEd6qDGwvZpnpKQ@mail.gmail.com>

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Agreed, the clear goal of 10 minutes per block is why the difficulty
adjustment works well. Blocks averaging 75% full is the clear goal of the
described method. That's the target to attempt.

Under Block75, there will still be full blocks. There will still be
transaction fees and a fee market. The fees will be lower than they are now
of course.

Hardcoding a cap will inevitably become a roadblock (again), and we'll be
back in the same position as we are now. Permanent solutions are preferred.

On Sat, Dec 10, 2016 at 6:12 PM, Bram Cohen <bram@bittorrent.com> wrote:

> On Mon, Dec 5, 2016 at 7:27 AM, t. khan via bitcoin-dev <
> bitcoin-dev@lists.linuxfoundation.org> wrote:
>
>>
>> Put another way: let’s stop thinking about what the max block size should
>> be and start thinking about how full we want the average block to be
>> regardless of size. Over the last year, we’ve had averages of 75% or
>> higher, so aiming for 75% full seems reasonable, hence naming this concept
>> ‘Block75’.
>>
>
> That's effectively making the blocksize limit completely uncapped and only
> preventing spikes, and even in the case of spikes it doesn't differentiate
> between 'real' traffic and low value spam attacks. It suffers from the same
> fundamental problems as bitcoin unlimited: There are in the end no
> transaction fees, and inevitably some miners will want to impose some cap
> on block size for practical purposes, resulting in a fork.
>
> Difficulty adjustment works because there's a clear goal of having a
> certain rate of making new blocks. Without a target to attempt automatic
> adjustment makes no sense.
>

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  reply	other threads:[~2016-12-11  0:53 UTC|newest]

Thread overview: 24+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2016-12-05 15:27 [bitcoin-dev] Managing block size the same way we do difficulty (aka Block75) t. khan
2016-12-10 10:44 ` s7r
2016-12-10 12:05   ` Hampus Sjöberg
2016-12-11  0:26   ` t. khan
2016-12-11  0:40     ` James Hilliard
2016-12-11  1:07       ` Bram Cohen
2016-12-11 17:11     ` s7r
2016-12-11 19:55       ` t. khan
2016-12-11 20:31         ` James Hilliard
2016-12-11 21:40           ` t. khan
2016-12-11 21:53             ` Bram Cohen
2016-12-11 21:55             ` James Hilliard
2016-12-11 22:30               ` t. khan
2016-12-11 20:38       ` Andrew Johnson
2016-12-11 23:22         ` s7r
2016-12-18 21:53           ` James MacWhyte
2016-12-19  1:42             ` Tom Harding
2016-12-10 23:12 ` Bram Cohen
2016-12-11  0:52   ` t. khan [this message]
     [not found] <CAEgR2PEMPo3veqJat7OAps1DzTSNFJmJiRbkFgYKvYfxqdbUiw@mail.gmail.com>
     [not found] ` <CAEgR2PELB1_s+o0Bj4Kj9vS27eoqP7gV_VS_6QHQtTUAOnMORg@mail.gmail.com>
     [not found]   ` <CAEgR2PFpGWxngq=fKGi7CC_d+=5YWzWwbEEsQNEifCuHAAPAHw@mail.gmail.com>
     [not found]     ` <CAEgR2PHnrsdaBiDgywvE9amK8_yPE_hBo0yYOYwUk4T8n7wnAQ@mail.gmail.com>
     [not found]       ` <CAEgR2PEgPkRe76hW0Jj7_Z1EdmmNTpTAOKGm_of2dG=XXUOtnA@mail.gmail.com>
     [not found]         ` <CAEgR2PHew+fcJWnAt+t8umcwKu4TkshH=AFJ-8MeYysud2MkBQ@mail.gmail.com>
     [not found]           ` <CAEgR2PEVwt_shiqwGjK6dPscRUTHayis0PaQO5Dj_fVEGGgaCQ@mail.gmail.com>
2016-12-10 12:23             ` Daniele Pinna
2016-12-10 17:39               ` Pieter Wuille
2016-12-11  3:17                 ` Daniele Pinna
2016-12-11  5:29                   ` Eric Voskuil
2016-12-11  9:21                   ` Adam Back

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