Yeah, but increasing block-size is not a longterm solution. Necessary
higher fees are a logical consequence of lower subsidies. Bitcoin was
basically free to use at the beginning because miners got paid with
new coins at the expense of those who already hold coins. Eventually
there needs to be a m
"And I never had a problem with Bitcoin-XT while it was just a
patch-set with no consensus changes. But a controversial hard fork of
the chain is something else completely."
How is that different? The only difference is in who makes the fork
and if that group has a chance of actually splitting/ove
"And it allows the minority to hold the majority hostage"
The Bitcoin protocol has no definitions about developer consensus .
The reference to FOSS is quite arbitrary. The alternative of lobbying
companies is equally indeterminate and arbitrary. One of the core
problem is that you can't poll users
"The size limit is an economic policy lever that needs to be
transitioned -away- from software and software developers, to the free
market."
Exactly right. Bitcoin does not have a free market for fee though, and
literally all the discussion so far has neglected some fundamental
aspect of this, as
This is a misguided idea, to say the least. If such a mechanism of of
user input would be possible, one would use it for transaction
verification in the first place. In proof-of-stake outcomes are
determined by vote by stake (that vote has very different
characteristics than vote by compute power).
ing his own transaction that sends it to an
> address he controls. It would be irrational to include somebody else's
> transaction which spent it.
>
> If by block 999,900, the transaction hasn't been completed (due to not
> enough pledgers), the pledgers can spend th
Interesting.
1. How do you know who was first? If one node can figure out where
more transactions happen he can gain an advantage by being closer to
him. Mining would not be fair.
2. "A merchant wants to cause block number 1 million to effectively
have a minting fee of 50BTC." - why should he do
I'm doing a hard fork, too. In my version 78% of the wealth will go to me,
which I will redistribute on based on personal preferences. Come and join
me into a new and obviously superior system.
More seriously though: the paper is not bad, but I can guarantee you that
Bitcoin will *never* change th
luke, you might enjoy the book Topos of Music. It's a complete
mathematical music theory by a student of Grothendieck. He advanced
Euler's theories of harmony based on advanced category theory. I'm
sure there are many applications to Bitcoin.
On Tue, Apr 1, 2014 at 9:12 PM, Luke-Jr wrote:
> On Tu
Interesting. I think the original BitDNS discussion was more interesting
that what currently is happening with namecoin, see
https://bitcointalk.org/index.php?topic=1790.0
Satoshi said there: "1) IP records don't need to be in the chain, just do
registrar function not DNS. And CA problem solved,
I believe a better solution would to use a github clone such as gitlab,
which sits on top of the git repo, and allows for custom code around the
BIP process. Potentially one could even build Bitcoin into such a BIP
system. If somebody wants to support a BIP he donates Bitcoins to that
proposal. Som
I believe a better solution would to use a gitlab clone such as gitlab,
which sits on top of the git repo, and allows for custom code around the
BIP process. Potentially one could even build Bitcoin into such a BIP
system. If somebody wants to support a BIP he donates Bitcoins to that
proposal. Som
On Mar 13, 2013, at 8:18 PM, Cameron Garnham wrote:
> For me, everyone signed up to bitcoin thinking that there was a 1MB /
> block limit. The lock limits were unexpected, and could be considered
> extremely uncontroversial to remove.
This. Software behavior which is not described by the source
On Mar 11, 2013, at 12:54 PM, Mike Hearn wrote:
> With regards to trying to minimize the size of the UTXO set, this
> again feels like a solution in search of a problem. Even with SD
> abusing micropayments as messages, it's only a few hundred megabytes
> today. That fits in RAM, let alone disk.
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