Re: [Bitcoin-development] Is there a way to estimate the maximum number of transactions per minute Bitcoin can handle as it is today?

2015-01-30 Thread Allen Piscitello
You are assuming that the only way to use Bitcoin is on-chain transactions and that is the only way for it to scale. This is a mistake. On Fri, Jan 30, 2015 at 6:48 PM, Angel Leon gubat...@gmail.com wrote: On the Chinese Single's Day (sort of like the american Black Friday) according to MIT's

Re: [Bitcoin-development] Is there a way to estimate the maximum number of transactions per minute Bitcoin can handle as it is today?

2015-01-30 Thread Nick Simpson
This has been discussed before. I believe most people don't expect Bitcoin to replace all of the various methods of payment. Scalability is always a concern, just not to the level of Alipay this year (or the next or the next for that matter.) Nick On Jan 30, 2015 7:08 PM, Angel Leon

[Bitcoin-development] New BIP: protocol for multisignature payments

2015-01-30 Thread Martin Habovštiak
Hello, I've been thinking about how to solve security problems of the servers holding huge amounts of bitcoins (exchanges, markets...) and came up with this idea: https://gist.github.com/Kixunil/2ec79cf40a53fb899ac5 TL;DR: it's extension of BIP70 (but not fully compatible due to security

Re: [Bitcoin-development] New BIP: protocol for multisignature payments

2015-01-30 Thread Thomas Kerin
Ooh, I had a very similar proposal, except it involved sharing generic P2SH scripts. It also involved facilitating requesting of signatures.. We should talk.On 31 Jan 2015 01:30, Martin Habovštiak martin.habovst...@gmail.com wrote: Hello, I've been thinking about how to solve security

[Bitcoin-development] Is there a way to estimate the maximum number of transactions per minute Bitcoin can handle as it is today?

2015-01-30 Thread Angel Leon
On the Chinese Single's Day (sort of like the american Black Friday) according to MIT's Tech Review http://www.technologyreview.com/news/534001/alipay-leads-a-digital-finance-revolution-in-china/ magazine Alipay handled up to 2.85 million transactions per minute, and 54 percent of its