On 14 August 2015 at 11:59, Jakob Rönnbäck <bitcoin-dev@lists.linuxfoundation.org> wrote:

What if one were to adjust the difficulty (for individual blocks) depending on the relative size to the average block size of the previous difficulty period? (I apologize if i’m not using the correct terms, I’m not a real programmer, and I’ve only recently started to subscribe to the mailing list)

​That would mean that as usage grew, blocksize could increase, but confirmation times would also increase (though presumably less than linearly). That seems like a loss?

If you also let the increase in confirmation time (due to miners finding harder blocks rather than a reduction in hashpower) then get reflected back as decreased difficulty, it'd probably be simpler to just dynamically adjust the max blocksize wouldn't it?

Cheers,

aj​

Anthony Towns <aj@erisian.com.au>