Sergio Demian Lerner [ARCHIVE] on Nostr: 📅 Original date posted:2017-05-09 📝 Original message:Thanks Johnson and Hampus ...

📅 Original date posted:2017-05-09
📝 Original message:Thanks Johnson and Hampus for the clarifications.
However, I would rather do the opposite: soft-fork to 50% now, and
soft-fork again to 75% discount later if needed, because it doesn't affect
the max transactions/second.

Segwit as it is today should be activated. However if it is not before
November, then for the next Segwit attempt I would choose a more
conservative 50% discount.



On Tue, May 9, 2017 at 12:45 PM, Johnson Lau <jl2012 at xbt.hk> wrote:

>
> > On 9 May 2017, at 21:49, Sergio Demian Lerner via bitcoin-dev <
> bitcoin-dev at lists.linuxfoundation.org> wrote:
> >
> >
> > So it seems the 75% discount has been chosen with the idea that in the
> future the current transaction pattern will shift towards multisigs. This
> is not a bad idea, as it's the only direction Bitcoin can scale without a
> HF.
> > But it's a bad idea if we end up doing, for example, a 2X blocksize
> increase HF in the future. In that case it's much better to use a 50%
> witness discount, and do not make scaling risky by making the worse case
> block size 8 Mbytes, when it could have been 2*2.7=5.4 Mbytes.
> >
>
> As we could change any parameter in a hardfork, I don’t think this has any
> relation with the current BIP141 proposal. We could just use 75% in a
> softfork, and change that to a different value (or completely redefine the
> definition of weight) with a hardfork later.
>
>
>
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