Re: [Bitcoin-development] Enforcing inflation rules for SPV clients

2012-06-24 Thread Gregory Maxwell
On Sun, Jun 24, 2012 at 8:45 AM, Mike Hearn wrote: > d'aniel made a good proposal - having good nodes broadcast > announcements when they detect a rule that breaks the rules, along > with a proof that it did so. Checking the proof might be very Link? I also proposed this on this list (see the re

Re: [Bitcoin-development] Enforcing inflation rules for SPV clients

2012-06-24 Thread Stefan Thomas
Very interesting for you to bring this up. I had a similar idea for a totally different use case. Greg recently pointed out an interesting dilemma saying that (significantly) larger blocks would lead to centralization. So I've been working on a design for a decentralized pool that can handle gigaby

[Bitcoin-development] Enforcing inflation rules for SPV clients

2012-06-24 Thread Mike Hearn
I've been having a discussion with d'aniel from the forumsĀ about how to handle the possibility of a majority-miner conspiracy to raise inflation, if most economic actors use SPV clients. Because of how blocks are formatted you cannot check the coinbase of a transaction without knowing the fees in