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On Dec 16, 2015 10:08 PM, "Jeff Garzik via bitcoin-dev" <<a href="mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.linuxfoundation.org</a>> wrote:<br>
><br>
> On Wed, Dec 16, 2015 at 1:34 PM, Pieter Wuille <<a href="mailto:pieter.wuille@gmail.com">pieter.wuille@gmail.com</a>> wrote:<br>
>><br>
>> On Wed, Dec 16, 2015 at 3:53 PM, Jeff Garzik via bitcoin-dev<br>
>> <<a href="mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.linuxfoundation.org</a>> wrote:<br>
>> > 2) If block size stays at 1M, the Bitcoin Core developer team should sign a<br>
>> > collective note stating their desire to transition to a new economic policy,<br>
>> > that of "healthy fee market" and strongly urge users to examine their fee<br>
>> > policies, wallet software, transaction volumes and other possible User<br>
>> > impacting outcomes.<br>
>><br>
>> You present this as if the Bitcoin Core development team is in charge<br>
>> of deciding the network consensus rules, and is responsible for making<br>
>> changes to it in order to satisfy economic demand. If that is the<br>
>> case, Bitcoin has failed, in my opinion.<br>
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><br>
> This circles back to Problem #1: Avoidance of a choice is a still a choice - failing to ACK a MAX_BLOCK_SIZE increase still creates very real Economic Change Event risk.</p>
<p dir="ltr">Unless the community is going to always avoid this "economic change event" forever (effectively eliminating MAX_BLOCK_SIZE), this is going to happen at some point. I assume those concerned with the "economic change" are only scared about it because "nitcoin is still very young" of something like that.<br>
Since you advocate for delaying this event from happening, can you be clearer about when do you think it would be ok to let the event happen?<br>
What other event makes this event ok?</p>
<p dir="ltr">> Hitting a Fee Event is market changing, potentially reshuffling economic actors to a notable degree. Maintaining a short term economic policy of fixed 1M supply in the face of rising transaction volume carries risks that should be analyzed and communicated.</p>
<p dir="ltr">Assuming we adopt bip102, eventually you will be able to say exactly the same about 2 MB. When does this "let's not change the economics" finishes (if ever)?<br>
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