-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA256 On Mon, Jun 10, 2013 at 4:44 AM, Edmund Broadley <rebr...@gmail.com> wrote: > I really like this idea. I also like that users with no clue will leave > their vote to the default chosen by the software developers, which hopefully > will be 1MB. I like how coin age is factored in do votes are hopefully > proportional to bitcoin assert ownership.
The default should *not* be set by wallets at all in fact. The default is that by not voting, you accept the status quo, which is defined as the mean of the old and new limits in the past year. So lets say the limit is 1MB, and through voting it ends up at 2MB in one year. Until that time by not voting you are in effect voting for the limit to be 1MB, but after the next interval you not voting is equivalent to voting for a 1.5MB limit. A subtle issue is then txout age, and at that point a 1.5 year old txout should be like voting for the 1MB limit still, albeit weighted less. What you don't want is your lack of vote to suddenly turn into a 1.5MB vote. This makes sure that at all levels the increases are gradual rather than abrupt, although the rate of increase may still be quite fast if the community votes that way. (first derivative of the limit is a close approximation to a continuous function) -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.11 (GNU/Linux) iQEcBAEBCAAGBQJRtV0iAAoJEEWCsU4mNhiPRDIH+wapKxD0fc2div9gkhxZ4qVt 9Wh4u1vKM4RsxdPgh9uKFJomjErBXBROJ57cJqB1rwHt1xhUyHgbC8JstU0PWzUM Ygwgibe9nsSjqHp2w15Bat+NmkYpxrjmVhf9woZkPQl+A1bWd3MFXOGoTIPPCl3I KkMTaR3VbZDwqg0DlteZMR2im2DkT4zDsCkSb8KSCoaeTEdafkPceVHWU6isWxV9 Y0TGFCKaoMjxqxnkgH+vHsJlIM4E3rb0NHTo8rHD7Hm1txw/4/fVwE56/9U+8FaK XAPXS0gkIR83V7cWMLa/q6LpZyzJmfFXCZhjT4YxVqeq/wB/SR9j2hhNdLnjuCo= =y1c+ -----END PGP SIGNATURE----- ------------------------------------------------------------------------------ How ServiceNow helps IT people transform IT departments: 1. A cloud service to automate IT design, transition and operations 2. Dashboards that offer high-level views of enterprise services 3. A single system of record for all IT processes http://p.sf.net/sfu/servicenow-d2d-j _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
