Bitcoin Forum
September 27, 2018, 10:39:13 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Consensus based block size retargeting algorithm  (Read 618 times)
btcdrak
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


View Profile
August 21, 2015, 07:16:32 PM
 #1

These are my thoughts about a possible way to adjust the Bitcoin block size limit.

https://gist.github.com/btcdrak/1c3a323100a912b605b5

It's very rough, but I would appreciate your feedback.
1538087953
Hero Member
*
Offline Offline

Posts: 1538087953

View Profile Personal Message (Offline)

Ignore
1538087953
Reply with quote  #2

1538087953
Report to moderator
1538087953
Hero Member
*
Offline Offline

Posts: 1538087953

View Profile Personal Message (Offline)

Ignore
1538087953
Reply with quote  #2

1538087953
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
TierNolan
Legendary
*
Offline Offline

Activity: 1190
Merit: 1001


View Profile
August 21, 2015, 11:22:35 PM
 #2

These are my thoughts about a possible way to adjust the Bitcoin block size limit.

https://gist.github.com/btcdrak/1c3a323100a912b605b5

It's very rough, but I would appreciate your feedback.


Placing a cost on individual miners means that there is an incentive to vote for no change, even if increasing the block size is a good idea.  It is the standard free rider problem.  If most miners vote yes, then it doesn't matter how you vote.  If most vote No, then again it doesn't matter how you vote.

You could have the cost imposed on all miners once the change happens.  If the block size increases by 10%, then the minting fee drops by 10%.

At one point, there was a suggestion to have a rule that the block size is limited by the tx fees.  The more fees, the larger the block.  A 2MB block would require fees of at least 50BTC (i.e. 2 * 25BTC).  A 3MB block would require 75BTC in fees to be valid.

1LxbG5cKXzTwZg9mjL3gaRE835uNQEteWF
kano
Legendary
*
Online Online

Activity: 2590
Merit: 1054


Linux since 1997 RedHat 4


View Profile
August 21, 2015, 11:24:47 PM
 #3

There's already BIP100 ... do we need more? Tongue

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
FreeNode IRC: irc.freenode.net channel #kano.is Majority developer of the ckpool code
Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!