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?
Good question. It's not gonna be by mental osmosis.
. You can have some kind of broadcasting of opinions but then we're starting to look more like bip 100.