Sorry, this is not the case.
Your slides gloss over the simple fact that compact fraud proofs in
Bitcoin aren't possible, and that the "SPV" implemented today bears
absolutely no resemblance in security properties to the version
described in the Bitcoin white paper. In the white paper SPV clie
Some discussion today led me to believe that a post segwit hard fork could
include:
1MB old tx non-witness segment
XMB new segwit non-witness segment
XMB witness segment
By partitioning off old transactions, it allows users of older, more
expensive validation transactions to continue using them,
- no quadratic hashing solution
- no way to prevent spamming the network to blow up block sizes
- no mention of release schedule/consensus levels, etc. should be
mentioned
- this is similar to other BIP already in place... see BIP107
On Mon, Mar 13, 2017 at 9:08 AM, ashish khandekar via bitcoin
Agreed.
In contrast, BIP37 as used today is totally decentralized, and can me
made much more secure, private, and scalable -- without giving up the
utility of unconfirmed transactions.
Please don't read into this statement a belief that all the coffees
should go on the chain, or that the sec
