{"type":"rich","version":"1.0","author_name":"npub1r3san9v5njl6798hvauyu9ntm6r9c7u8s0t65wls58gpfdcvqp5sa48d0u","author_url":"https://nostr.ae/npub1r3san9v5njl6798hvauyu9ntm6r9c7u8s0t65wls58gpfdcvqp5sa48d0u","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-08-28\n📝 Original message:Ah, then my mistake. It seemed so similar to an idea that was proposed\nbefore on this mailing list:\n\nhttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-May/008033.html\n\nthat my mind just filled in the gaps. I concur -- having miners -- or any\ngroup -- vote on block size is not an intrinsically good thing. The the\noriginal proposal due to Greg Maxwell et al was not a mechanism for\n\"voting\" but rather a feedback control that made the maximum block size\nthat which generated the most fees.\n\nOn Fri, Aug 28, 2015 at 5:00 PM, Jorge Timón \u003cjtimon at jtimon.cc\u003e wrote:\n\n\u003e On Sat, Aug 29, 2015 at 1:38 AM, Mark Friedenbach via bitcoin-dev\n\u003e \u003cbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\u003e \u003e It is in their individual interests when the larger block that is allowed\n\u003e \u003e for them grants them more fees.\n\u003e\n\u003e I realize now that this is not what Greg Maxwell proposed (aka\n\u003e flexcap): this is just miner's voting on block size but paying with\n\u003e higher difficulty when they vote for bigger blocks.\n\u003e As I said several times in other places, miners should not decide on\n\u003e the consensus rule to limit mining centralization.\n\u003e People keep talking about miners voting on the block size or\n\u003e \"softforking the size down if we went too far\". But what if the\n\u003e hashing majority is perfectly fine with the mining centralization at\n\u003e that point in time?\n\u003e Then a softfork won't be useful and we're talking about an \"anti-miner\n\u003e fork\" (see\n\u003e https://github.com/bitcoin/bips/pull/181/files#diff-e331b8631759a4ed6a4cfb4d10f473caR158\n\u003e and\n\u003e https://github.com/bitcoin/bips/pull/181/files#diff-e331b8631759a4ed6a4cfb4d10f473caR175\n\u003e ).\n\u003e\n\u003e I believe miner's voting on the rule to limit mining centralization is\n\u003e a terrible idea.\n\u003e It sounds as bad as letting pharma companies write the regulations on\n\u003e new drugs safety, letting big food chains deciding on minimum food\n\u003e controls or car manufacturers deciding on indirect taxes for fuel.\n\u003e That's why I dislike both this proposal and BIP100.\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150828/439cc876/attachment.html\u003e"}