From mboxrd@z Thu Jan 1 00:00:00 1970 Received: from sog-mx-2.v43.ch3.sourceforge.com ([172.29.43.192] helo=mx.sourceforge.net) by sfs-ml-1.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1UluCv-0003Nd-6I for bitcoin-development@lists.sourceforge.net; Mon, 10 Jun 2013 04:59:53 +0000 Received-SPF: pass (sog-mx-2.v43.ch3.sourceforge.com: domain of googlemail.com designates 209.85.215.171 as permitted sender) client-ip=209.85.215.171; envelope-from=john.dillon892@googlemail.com; helo=mail-ea0-f171.google.com; Received: from mail-ea0-f171.google.com ([209.85.215.171]) by sog-mx-2.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) (Exim 4.76) id 1UluCu-0002GU-DG for bitcoin-development@lists.sourceforge.net; Mon, 10 Jun 2013 04:59:53 +0000 Received: by mail-ea0-f171.google.com with SMTP id m14so5056249eaj.2 for ; Sun, 09 Jun 2013 21:59:46 -0700 (PDT) MIME-Version: 1.0 X-Received: by 10.15.54.4 with SMTP id s4mr9143628eew.49.1370840385873; Sun, 09 Jun 2013 21:59:45 -0700 (PDT) Received: by 10.223.12.141 with HTTP; Sun, 9 Jun 2013 21:59:45 -0700 (PDT) In-Reply-To: References: Date: Mon, 10 Jun 2013 04:59:45 +0000 Message-ID: From: John Dillon To: Edmund Broadley , Bitcoin Dev Content-Type: text/plain; charset=ISO-8859-1 X-Spam-Score: -1.4 (-) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain 0.0 FREEMAIL_FROM Sender email is commonly abused enduser mail provider (john.dillon892[at]googlemail.com) -0.0 SPF_PASS SPF: sender matches SPF record 0.2 FREEMAIL_ENVFROM_END_DIGIT Envelope-from freemail username ends in digit (john.dillon892[at]googlemail.com) -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature X-Headers-End: 1UluCu-0002GU-DG Subject: Re: [Bitcoin-development] Proposal: Vote on the blocksize limit with proof-of-stake voting X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Mon, 10 Jun 2013 04:59:53 -0000 -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA256 On Mon, Jun 10, 2013 at 4:44 AM, Edmund Broadley wrote: > I really like this idea. I also like that users with no clue will leave > their vote to the default chosen by the software developers, which hopefully > will be 1MB. I like how coin age is factored in do votes are hopefully > proportional to bitcoin assert ownership. The default should *not* be set by wallets at all in fact. The default is that by not voting, you accept the status quo, which is defined as the mean of the old and new limits in the past year. So lets say the limit is 1MB, and through voting it ends up at 2MB in one year. Until that time by not voting you are in effect voting for the limit to be 1MB, but after the next interval you not voting is equivalent to voting for a 1.5MB limit. A subtle issue is then txout age, and at that point a 1.5 year old txout should be like voting for the 1MB limit still, albeit weighted less. What you don't want is your lack of vote to suddenly turn into a 1.5MB vote. This makes sure that at all levels the increases are gradual rather than abrupt, although the rate of increase may still be quite fast if the community votes that way. (first derivative of the limit is a close approximation to a continuous function) -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.11 (GNU/Linux) iQEcBAEBCAAGBQJRtV0iAAoJEEWCsU4mNhiPRDIH+wapKxD0fc2div9gkhxZ4qVt 9Wh4u1vKM4RsxdPgh9uKFJomjErBXBROJ57cJqB1rwHt1xhUyHgbC8JstU0PWzUM Ygwgibe9nsSjqHp2w15Bat+NmkYpxrjmVhf9woZkPQl+A1bWd3MFXOGoTIPPCl3I KkMTaR3VbZDwqg0DlteZMR2im2DkT4zDsCkSb8KSCoaeTEdafkPceVHWU6isWxV9 Y0TGFCKaoMjxqxnkgH+vHsJlIM4E3rb0NHTo8rHD7Hm1txw/4/fVwE56/9U+8FaK XAPXS0gkIR83V7cWMLa/q6LpZyzJmfFXCZhjT4YxVqeq/wB/SR9j2hhNdLnjuCo= =y1c+ -----END PGP SIGNATURE-----