[Bitcoin-development] Long-term mining incentives

Gavin Andresen gavinandresen at gmail.com
Tue May 12 16:10:53 UTC 2015

Added back the list, I didn't mean to reply privately:

Fair enough, I'll try to find time in the next month or three to write up
four plausible future scenarios for how mining incentives might work:

1) Fee-supported with very large blocks containing lots of tiny-fee
2) Proof-of-idle supported (I wish Tadge Dryja would publish his
proof-of-idle idea....)
3) Fees purely as transaction-spam-prevention measure, chain security via
alternative consensus algorithm (in this scenario there is very little
4) Fee supported with small blocks containing high-fee transactions moving
coins to/from sidechains.

Would that be helpful, or do you have some reason for thinking that we
should pick just one and focus all of our efforts on making that one
scenario happen?

I always think it is better, when possible, not to "bet on one horse."

On Tue, May 12, 2015 at 10:39 AM, Thomas Voegtlin <thomasv at electrum.org>

> Le 12/05/2015 15:44, Gavin Andresen a écrit :
> > Ok, here's my scenario:
> >
> > https://blog.bitcoinfoundation.org/a-scalability-roadmap/
> >
> > It might be wrong. I welcome other people to present their road maps.
> >
> [answering to you only because you answered to me and not to the list;
> feel free to repost this to the list though]
> Yes, that's exactly the kind of roadmap I am asking for. But your blog
> post does not say anything about long term mining incentives, it only
> talks about scalability. My point is that we need the same kind of thing
> for miners incentives.

Gavin Andresen
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