{"type":"rich","version":"1.0","author_name":"npub1q5sgcakfxhw3ya93tvnpqeacvf32p6lw70hke53rkjnf9lhw9w8s43ps87","author_url":"https://nostr.ae/npub1q5sgcakfxhw3ya93tvnpqeacvf32p6lw70hke53rkjnf9lhw9w8s43ps87","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-06-13\n📝 Original message:Please forgive my ignorance, but why should Bitcoin users have a say in\nblock size limits?  It's the miners and Bitcoin node operators that bear\nthe burden of managing large blocks, no?\n\nUsers voting on network parameters sounds like neighbors voting on how deep\nmy swimming pool should be.\n\nThanks,\n-Danny\n\nOn Fri, Jun 12, 2015 at 11:11 AM, Peter Todd \u003cpete at petertodd.org\u003e wrote:\n\n\u003e Jeff Garzik recently proposed that the upper blocksize limit be removed\n\u003e entirely, with a \"soft\" limit being enforced via miner vote, recorded by\n\u003e hashing power.\n\u003e\n\u003e This mechanism within the protocol for users to have any influence over\n\u003e the miner vote. We can add that back by providing a way for transactions\n\u003e themselves to set a flag determining whether or not they can be included\n\u003e in a block casting a specific vote.\n\u003e\n\u003e We can simplify Garzik's vote to say that one of the nVersion bits\n\u003e either votes for the blocksize to be increased, or decreased, by some\n\u003e fixed ratio (e.g 2x or 1/2x) the next interval. Then we can use a\n\u003e nVersion bit in transactions themselves, also voting for an increase or\n\u003e decrease. Transactions may only be included in blocks with an\n\u003e indentical vote, thus providing miners with a monetary incentive via\n\u003e fees to vote according to user wishes.\n\u003e\n\u003e Of course, to cast a \"don't care\" vote we can either define an\n\u003e additional bit, or sign the transaction with both versions. Equally we\n\u003e can even have different versions with different fees, broadcast via a\n\u003e mechanism such as replace-by-fee.\n\u003e\n\u003e\n\u003e See also John Dillon's proposal for proof-of-stake blocksize voting:\n\u003e\n\u003e\n\u003e https://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg02323.html\n\u003e\n\u003e --\n\u003e 'peter'[:-1]@petertodd.org\n\u003e 0000000000000000127ab1d576dc851f374424f1269c4700ccaba2c42d97e778\n\u003e\n\u003e\n\u003e ------------------------------------------------------------------------------\n\u003e\n\u003e _______________________________________________\n\u003e Bitcoin-development mailing list\n\u003e Bitcoin-development at lists.sourceforge.net\n\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\u003e\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150613/da34f3e3/attachment.html\u003e"}