The maximum block-size is one that can be filled at zero-cost by miners, and so allows some kinds of amplification of selfish-mining related attacks.
Adam On 8 September 2015 at 13:28, Ivan Brightly via bitcoin-dev <[email protected]> wrote: > This is true, but miners already control block size through soft caps. > Miners are fully capable of producing smaller blocks regardless of the max > block limit, with or without collusion. Arguably, there is no need to ever > reduce the max block size unless technology advances for some reason reverse > course - aka, WW3 takes a toll on the internet and the average bandwidth > available halves. The likelihood of significant technology contraction in > the near future seems rather unlikely and is more broadly problematic for > society than bitcoin specifically. > > The only reason for reducing the max block limit other than technology > availability is if you think that this is what will produce the fee market, > which is back to an economic discussion - not a technology scaling > discussion. > > On Tue, Sep 8, 2015 at 4:49 AM, Btc Drak via bitcoin-dev > <[email protected]> wrote: >> >> > but allow meaningful relief to transaction volume pressure in response >> > to true market demand >> >> If blocksize can only increase then it's like a market that only goes >> up which is unrealistic. Transaction will volume ebb and flow >> significantly. Some people have been looking at transaction volume >> charts over time and all they can see is an exponential curve which >> they think will go on forever, yet nothing goes up forever and it will >> go through significant trend cycles (like everything does). If you >> dont want to hurt the fee market, the blocksize has to be elastic and >> allow contraction as well as expansion. > > > _______________________________________________ > bitcoin-dev mailing list > [email protected] > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > _______________________________________________ bitcoin-dev mailing list [email protected] https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
