Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
awemany
on 17/08/2015, 19:38:48 UTC
[...]

Now instead of thinking that only Core and XT exist, imagine that there are dozens (and in the future possibly hundreds) of competing implementations of Bitcoin.  Each implementation has its own rules for what block size it will build upon.  From this viewpoint, the "effective limit" is the size of the largest block that's ever been included in the Blockchain.  If a miner wants to create a larger block (e.g., to collect more fees), then he has to weigh the chances that his block is orphaned with his desire to create a larger block.  If we imagine that the block size limit across the network forms some distribution as shown in the chart labelled "NEW THINKING" below, then, since the miner can't be 100% sure what this distribution is, it is rational for him to use the tip-toe method to minimize risk.

[...]
   


Fully agreed. To add to this: This situation exists even today with 1MB blocks. A node might only support 900kB blocks on average bandwidth- or cpu-wise (e.g. some old ARM board) and will drop off when the network actually moves to Mike's cliff hy saturating at 1MB.

Also: Maybe we should add it to the BIP draft even, or at least reference this?

That said:

Can I push my BIP proposal to reddit with you as the author in it? I don't want to cause any larger confusion and want your explicit permission first Smiley