Author: odinn 2015-06-14 04:28:36
Published on: 2015-06-14T04:28:36+00:00
The discussion on the Bitcoin mailing list revolves around the implementation of a decentralized, distributed system that allows its users to have a say in how the network evolves and operates. The idea of a consensus-based system has been met with some resistance due to the difficulties associated with its implementation, but it is seen as essential for the success of a decentralized network. Some members of the discussion question the need for Bitcoin end-users to have a say in block size limits, arguing that it is the miners and node operators who bear the burden of managing large blocks. However, others contend that user input is necessary for Bitcoin to grow its user base and remain competitive. One proposal put forward by Jeff Garzik involves removing the upper blocksize limit entirely and enforcing a "soft" limit via miner vote. Users would have some influence over the miner vote through transactions casting a specific vote, which could be simplified to either increase or decrease the blocksize by a fixed ratio, such as 2x or 1/2x. This would provide miners with a monetary incentive via fees to vote according to user wishes.Another proposal by John Dillon suggests using proof-of-stake blocksize voting. Meanwhile, the original poster argues that a decentralized, distributed application should offer its users an open development model and decentralized method of weighing in on its evolution.
Updated on: 2023-06-09T22:58:24.724115+00:00