Re: [bitcoin-dev] Blockchain Voluntary Fork (Split) Proposal (Chaofan Li)

2018-01-30 Thread Chaofan Li via bitcoin-dev
Hi ZmnSCPxj, On Mon, Jan 29, 2018 at 9:32 PM, ZmnSCPxj wrote: >What ensures that a paper money with "10 Dollar" on it, is same as 10 coins each with "1 Dollar" on it? >This is the principle of fungibility, and means I can exchange a paper with "10 Dollar" on it for 10 coins with "1 Dollar" on

Re: [bitcoin-dev] Blockchain Voluntary Fork (Split) Proposal (Chaofan Li)

2018-01-22 Thread Chaofan Li via bitcoin-dev
. People don’t need to exchange two same thing. Chaofan On Mon, Jan 22, 2018 at 10:57 PM Eric Voskuil <e...@voskuil.org> wrote: > On 01/22/2018 04:38 PM, Chaofan Li via bitcoin-dev wrote: > > Miners are most likely to be equally distributed between the two almost

Re: [bitcoin-dev] Blockchain Voluntary Fork (Split) Proposal (Chaofan Li)

2018-01-22 Thread Chaofan Li via bitcoin-dev
Miners are most likely to be equally distributed between the two almost same chains. If one chain is faster, according to the difficulty adjustment scheme, it will become more difficult to mine. The two chain should have similar chain generation rates with similar difficulty and similar length.

Re: [bitcoin-dev] Blockchain Voluntary Fork (Split) Proposal

2018-01-22 Thread Chaofan Li via bitcoin-dev
rent from the current situation with Bitcoin, BCash, Bitcoin > Gold, Bitcoin Hardfork-of-the-week, and so on? > > Regards, > ZmnSCPxj > > > Sent with ProtonMail <https://protonmail.com> Secure Email. > > Original Message ---- > On January 17,

[bitcoin-dev] Blockchain Voluntary Fork (Split) Proposal

2018-01-17 Thread Chaofan Li via bitcoin-dev
Here I propose a simple method to solve the scalability issue of blockchain. It is more like a financial trick rather than a technical solution. The technical part is very simple: Split ( hard fork ) the blockchain into two or more blockchains (e.g. two blockchain A and B), voluntarily. The two