BIP119, OP_CTV, allows value to be assigned in a predetermined tree
of payments that confirms with a single output.
This allows batched transactions in the predetermined tree (e.g.
withdrawals from a centralized exchange) to be anchored in a way that
disallows double-spending of the inputs, yet
>Probably the only thing Bitcoiners should do is to advertise this rather than
>to make it some sort of secret
Satoshi made this clear in the beginning that mining will trend to where energy
is free.
During this stage of bootstrapping we need a security budget to prevent nation
state attacks.
>
> we can expect mining to transition to a public service from the current
> for-profit business model
>
I get it now
Game theory would predict all of the major players mining in the future
will be large holders
If you're holding a hundred Bitcoin you should take one, sell it for mining
The Bitcoin emission curve requires a 2x value increase per 210,000 blocks to
maintain the existing security level.
Transactions are practically irreversible when the value the miners expend (not
receive) is greater than said transaction value.
If you send 1000 gold grams of value in a
On Mon, Jul 11, 2022 at 2:53 PM Peter Todd wrote:
>
> The only type of fee-smoothing scheme that is feasible is to smooth an
> entirely
> separate category of fees that are made mandatory. For example, you could
> achieve the economic impact of inflation by having a fixed value*time
> based fee
