Re: [bitcoin-dev] Bitcoin XT 0.11A

2015-08-15 Thread Michael Naber via bitcoin-dev
Bitcoin has no elections; it has no courts. If not through attempting a hard-fork, how should we properly resolve irreconcilable disagreements? On Sat, Aug 15, 2015 at 6:07 PM, Eric Lombrozo via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > Please take the lightning 101 discussion

Re: [bitcoin-dev] Fees and the block-finding process

2015-08-11 Thread Michael Naber via bitcoin-dev
>> > >> I dont think Bitcoin being cheaper is the main characteristic of > >> Bitcoin. I think the interesting thing is trustlessness - being able > >> to transact without relying on third parties. > >> > >> Adam > >> > >> > >

Re: [bitcoin-dev] Fees and the block-finding process

2015-08-11 Thread Michael Naber via bitcoin-dev
ess - being able > to transact without relying on third parties. > > Adam > > > On 11 August 2015 at 22:18, Michael Naber via bitcoin-dev > wrote: > > The only reason why Bitcoin has grown the way it has, and in fact the > only > > reason why we're al

Re: [bitcoin-dev] Fees and the block-finding process

2015-08-11 Thread Michael Naber via bitcoin-dev
Re: "In my opinion the main source of disagreement is that one: how the maximum block size limits centralization." I generally agree with that, but I would add that centralization is only a goal insofar as it serves things like reliability, transaction integrity, capacity, and accessibility. More

Re: [bitcoin-dev] Fees and the block-finding process

2015-08-11 Thread Michael Naber via bitcoin-dev
mmits, but I think it's important to get consensus on the criticality of the block size issue: do you agree, disagree, or not take a side, and why? On Tue, Aug 11, 2015 at 2:51 PM, Pieter Wuille wrote: > On Tue, Aug 11, 2015 at 9:37 PM, Michael Naber via bitcoin-dev < > bitcoin-dev@li

Re: [bitcoin-dev] Fees and the block-finding process

2015-08-11 Thread Michael Naber via bitcoin-dev
I'm not sure whether removing the limit at the protocol-level would lead to government by miners who might reject blocks which were too big, but I probably wouldn't want to take that risk. I think we should probably keep a block size limit in the protocol, but that we should increase it to be as hi

Re: [bitcoin-dev] Fees and the block-finding process

2015-08-11 Thread Michael Naber via bitcoin-dev
Jorge, As long as Bitcoin remains the best global consensus network -- and part of being best means being reasonably priced -- then no I don't think people will be pushed into altcoins. Better money ultimately displaces worse money, so I don't see a driving force for people to move to other altcoin

Re: [bitcoin-dev] Fees and the block-finding process

2015-08-11 Thread Michael Naber via bitcoin-dev
All things considered, if people want to participate in a global consensus network, and the technology exist to do it at a lower cost, then is it sensible or even possible to somehow arbitrarily set the price of participating in a global consensus network to be expensive? Can someone please walk me

Re: [bitcoin-dev] Fees and the block-finding process

2015-08-11 Thread Michael Naber via bitcoin-dev
hop wrote: > On Tue, Aug 11, 2015 at 1:46 PM, Michael Naber via bitcoin-dev > wrote: > > Note that lightning / hub and spoke do not meet requirements for users > > wishing to participate in global consensus, because they are not global > > consensus networks, since all partic

Re: [bitcoin-dev] Fees and the block-finding process

2015-08-11 Thread Michael Naber via bitcoin-dev
o anyone > except you and the coffee vendor? > > On Tue, Aug 11, 2015 at 11:46 AM, Michael Naber via bitcoin-dev < > bitcoin-dev@lists.linuxfoundation.org> wrote: > >> Hi Jorge: Many people would like to participate in a global consensus >> network -- which is a net

Re: [bitcoin-dev] Fees and the block-finding process

2015-08-11 Thread Michael Naber via bitcoin-dev
Hi Jorge: Many people would like to participate in a global consensus network -- which is a network where all the participating nodes are aware of and agree upon every transaction. Constraining Bitcoin capacity below the limits of technology will only push users seeking to participate in a global c

Re: [bitcoin-dev] Fwd: Block size following technological growth

2015-08-06 Thread Michael Naber via bitcoin-dev
How many nodes are necessary to ensure sufficient network reliability? Ten, a hundred, a thousand? At what point do we hit the point of diminishing returns, where adding extra nodes starts to have negligible impact on the overall reliability of the system? On Thu, Aug 6, 2015 at 10:26 AM, Piet