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Date: Fri, 12 Jun 2015 19:34:21 +0100
From: Peter Todd <pete@petertodd.org>
To: Matt Whitlock <bip@mattwhitlock.name>
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Cc: bitcoin-development@lists.sourceforge.net
Subject: Re: [Bitcoin-development] User vote in blocksize through fees
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On Fri, Jun 12, 2015 at 02:22:36PM -0400, Matt Whitlock wrote:
> Why should miners only be able to vote for "double the limit" or "halve" =
the limit? If you're going to use bits, I think you need to use two bits:
>=20
> 0 0 =3D no preference ("wildcard" vote)
> 0 1 =3D vote for the limit to remain the same
> 1 0 =3D vote for the limit to be halved
> 1 1 =3D vote for the limit to be doubled
>=20
> User transactions would follow the same usage. In particular, a user vote=
of "0 0" (no preference) could be included in a block casting any vote, bu=
t a block voting "0 0" (no preference) could only contain transactions voti=
ng "0 0" as well.
Sounds like a good encoding to me. Taking the median of the three
options, and throwing away "don't care" votes entirely, makes sense.
> Incidentally, I love this idea, as it addresses a concern I immediately h=
ad with Jeff's proposal, which is that it hands control exclusively to the =
miners. And your proposal here fixes that shortcoming in a economically pow=
erful way: miners lose out on fees if they don't represent the wishes of th=
e users.
Thanks! I personally expect disaster to ensue with this kind of
proposal, but I'm less concerned if the disaster is something users
explicitly allowed to happen in a consensual way.
--=20
'peter'[:-1]@petertodd.org
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