Peter Todd

maaku says that the current BIPs are flawed: fixed constants could be wrong, miner voting could diverge from user's interests.

The other problem is, as we've seen here in the last two days, the miners do not *want* to make that decision. #ScalingBitcoin

They don't see it as their role, they don't think they should be asked to do that. #ScalingBitcoin

Solution: impose economic costs on voting so that miners are incentivized to reflect user preferences. #ScalingBitcoin

Proposal: to increase, defer part of block reward; To decrease: reclaim previously deferred reward. #ScalingBitcoin

Allow users to increase or decrease sensitivity via bitcoin-days-destroyed weighted votes. #ScalingBitcoin

This scheme is derived from ideas by Greg Maxwell, Peter Todd, Meni Rosenfeld, and Jeff Garzik. #ScalingBitcoin

The code is written: https://github.com/maaku/bitcoin/tree/flexcap … #ScalingBitcoin