Quote from: solex on November 30, 2013, 07:45:49 PM

Quote from: anth0ny on November 30, 2013, 06:54:57 PM

Quote from: gmaxwell on November 30, 2013, 12:49:30 PM

Quote from: PenAndPaper on November 30, 2013, 11:54:49 AM

concern of a "downward spiral of transaction fees"?

If blocksize isn't scarce at all why not include every transaction that pays at least 1e-8 BTC which you've already received and validated? If it's purely orphaning that influences your decision why won't all your spending go to bandwidth (neutrino links to other miners and such Tongue

) and none to POW? etc.

You gotta limit blocksize at some level. Otherwise it's probably just too easy to release ridiculously large blocks which fork the blockchain.

That's what I used to think too. However, the system is self-stabilizing, ridiculously large blocks which fork the blockchain will find themselves orphaned. If unlimited size is too worrying then the simplest safety net would be max block size = 10x median block size during previous 2016 blocks or previous difficulty period.

Exactly!