Quote from: Atruk on February 01, 2013, 10:00:38 AM

Quote from: Akka on February 01, 2013, 09:09:57 AM

Lets say for example we set a Target, that the average Blocksize is always 80% of max. Blocksize and adjust the max. Blocksize by max. +-20% all 2016 Blocks to meet this Target.

This would ensure that Blockchain space always remains scarce, therefore ensuring TX fees for fast transaction, by at the same time ensuring that it will always be possible to make a transaction.

I'm looking forward to learn why this wouldn't work.

The problem with this is that some pools still mine blocks where the only transaction is the one that awards them their subsidy, and that can really poison averages.

Than change it to The average of the biggest 50% of all Blocks mined every 2016 Blocks. That would also mean that at least 50% of all miner would have to agree that a increase of the max. blocksize is necessary and also ensuring no minority can keep an increase from happening.

So (numbers changed a little):

Target: Average Blocksize of the biggest 1008 Blocks is always 90% of max. Blocksize
Adjustment: Max. Blocksize, max. +-20% all 2016 Blocks to meet this Target.

Quote from: Atruk on February 01, 2013, 10:00:38 AM

As far as using bitcoins in retail on a reasonable timeline goes, a few of the gambling sites have developed very good ways to prevent nasty stuff by identifying the low risk transactions which may as well be accepted immediately. I don't find the interval of time between blocks to be problematic.

Blocktime all 10 minutes is fine by me. And there is no need to change this in any way IMO. I just ment if there would be say 1 Mil transactions a day, that would mean, that ~400 K each day would never be conformed, solely to the 1Mb limit and this would add up day by day.

Quote from: Atruk on February 01, 2013, 10:00:38 AM

Honestly as far as block size goes, I'm pretty comfortable with Gavin making a decision as benevolent dictator and letting everyone know at what point in the future the blocksize increases to its next finite (or formulaic) step.

I agree, but I would be far more comfortable with a solution that would fix this once and for all and would still work for any unforeseen challenges that might come in 50 Years.