Post
Topic
Board Bitcoin Discussion
Re: blocksize solution: longest chain decides
by
Peter R
on 04/09/2015, 20:49:51 UTC
 The most recurring objection in the Reddit thread was: if most the hash power doesn't set the exact same limit, then there exists a "sweet spot"-block size that splits the network exactly in half.  I don't think this will happen because everyone knows that it could happen unless most people come to consensus on a limit.  As long as nodes/miners can efficiently communicate block size limit negotiations, then I think we'll witness what I call "spontaneous consensus" events…sort of like a phase change in matter (liquid -> solid) but instead the 1 MB limit crumbles and a new precise limit at (e.g.) 8 MB is erected.  
 

Innnnnteresting.

Like for example, if most pools are on 8 gb, and some rogue pool decides they will be 3 gb,
then most people will move away from that pool just like people moved away from GHash when
it got 50%.

Yes.  But probably that rogue pool caves in and switches to 8 GB to stop the emigration of hash power before they're out-of-business.

These are the sorts of things we'd need to explain to improve the presentation for such a proposal.  How exactly do we think these "spontaneous consensus" events occur?