{"type":"rich","version":"1.0","author_name":"npub1kf0ppcjaguxekg24yx6smgxlu73qn0k8lm0t2wrqc0scpl7u3sgsmf3f58","author_url":"https://nostr.ae/npub1kf0ppcjaguxekg24yx6smgxlu73qn0k8lm0t2wrqc0scpl7u3sgsmf3f58","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-12-16\n📝 Original message:On Wed, Dec 16, 2015 at 1:34 PM, Pieter Wuille \u003cpieter.wuille at gmail.com\u003e\nwrote:\n\n\u003e On Wed, Dec 16, 2015 at 3:53 PM, Jeff Garzik via bitcoin-dev\n\u003e \u003cbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\u003e \u003e 2) If block size stays at 1M, the Bitcoin Core developer team should\n\u003e sign a\n\u003e \u003e collective note stating their desire to transition to a new economic\n\u003e policy,\n\u003e \u003e that of \"healthy fee market\" and strongly urge users to examine their fee\n\u003e \u003e policies, wallet software, transaction volumes and other possible User\n\u003e \u003e impacting outcomes.\n\u003e\n\u003e You present this as if the Bitcoin Core development team is in charge\n\u003e of deciding the network consensus rules, and is responsible for making\n\u003e changes to it in order to satisfy economic demand. If that is the\n\u003e case, Bitcoin has failed, in my opinion.\n\u003e\n\nThis circles back to Problem #1:   Avoidance of a choice is a still a\nchoice - failing to ACK a MAX_BLOCK_SIZE increase still creates very real\nEconomic Change Event risk.\n\nAnd #3:  If the likely predicted course is that Bitcoin Core will not\naccept a protocol change changing MAX_BLOCK_SIZE via hard fork in the short\nterm, the core dev team should communicate that position clearly to users\nand media.\n\nHitting a Fee Event is market changing, potentially reshuffling economic\nactors to a notable degree.  Maintaining a short term economic policy of\nfixed 1M supply in the face of rising transaction volume carries risks that\nshould be analyzed and communicated.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20151216/117c35a7/attachment.html\u003e"}