I thought I had posted in this thread already, but it seems there are several about the same thing now. I definitely feel like BIP100 needs tweaking. It's not bad, I don't necessarily oppose it, but I think we can do better.
Perhaps there needs to be a balance struck somewhere between
BIP1xx and BIP100. BIP1xx only considers the demand for block space, but BIP100 only considers what benefits the miners and not the network as a whole. The prospect of having an entity choose a variable that primarily benefits them still doesn't sit well with me, when we can define it algorithmically like we do with everything else. BIP100, as it currently stands, simply places too much emphasis and power on one side.
To save all the arguing, the compromise we should all agree on is to find a solution that splits the demand for block space and the demand for decentralisation 50/50. Can we at least agree on that much? Something that maintains an equilibrium between resources, incentive and capacity. That way almost everyone gets what they want. Almost. I know
some people think the demand for block space shouldn't be considered at all and that centralisation concerns are the only thing that's important, but clearly they're not going to budge on that, so frankly they can get left behind if they aren't willing to make even the slightest concessions. One way or another, the blocksize is increasing, it's just agreeing on how to implement it in a stable way.
I remember that time when Hearn (I think) mentioned that most miners have already agreed to their proposal.
So essentially just a few pools are left, and BIP100 will be going above 80%. The turn of events is very interesting, and this was not what I was expecting. Is there a ETA for the implementation? I've read one statement in the mailing list recently. He just said that he was working on it.
Well with all the people putting up a fuzz and the polarization between the XT loyalists and the Core Users it was bound to occur that a better proposal or set of ideas would be put forward to try and find consensus.
That said I feel like were finally starting to move forward and that if it's not BIP 100 or even BIP 101 that get adopted the elements from them that the community feels are beneficial will be moved into a new proposal and adopted at around 75% it might be possible even with BIP100 but it's a bit early to say it will be certain that this version of the current proposal will be the final adopted one.
I do find it amusing that when Gavin set the 75% threshold, certain individuals started crying "power grab" or "dictatorship", but now one of the other proposals is gaining momentum, suddenly those same people are okay with 75%.
