[Bitcoin-development] Long-term mining incentives

Aaron Voisine voisine at gmail.com
Thu May 14 01:13:14 UTC 2015

Conservative is a relative term. Dropping transactions in a way that is
unpredictable to the sender sounds incredibly drastic to me. I'm suggesting
increasing the blocksize, drastic as it is, is the more conservative
choice. I would recommend that the fork take effect when some specific
large supermajority of the pervious 1000 blocks indicate they have
upgraded, as a safer alternative to a simple flag date, but I'm sure I
wouldn't have to point out that option to people here.

Aaron Voisine
co-founder and CEO

On Wed, May 13, 2015 at 5:58 PM, Pieter Wuille <pieter.wuille at gmail.com>

> On Wed, May 13, 2015 at 5:48 PM, Aaron Voisine <voisine at gmail.com> wrote:
>> We have $3billion plus of value in this system to defend. The safe,
>> conservative course is to increase the block size. Miners already have an
>> incentive to find ways to encourage higher fees  and we can help them with
>> standard recommended propagation rules and hybrid priority/fee transaction
>> selection for blocks that increases confirmation delays for low fee
>> transactions.
> You may find that the most economical solution, but I can't understand how
> you can call it conservative.
> Suggesting a hard fork is betting the survival of the entire ecosystem on
> the bet that everyone will agree with and upgrade to new suggested software
> before a flag date.
> --
> Pieter
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