[Bitcoin-development] Death by halving (pro-active proposals)

2014-10-29 Thread Sergio Lerner
Instead of discussing what will happen when the subsidy is halved (which nobody really knows) maybe we can think about of what we can do to mitigate any damage in case something unwanted happens. Let's be proactive. For instance, any form of merged-mining (like higher frequency side-chains) will

Re: [Bitcoin-development] Death by halving (pro-active proposals)

2014-10-29 Thread Jeff Garzik
Seconded - IMO a key future use of the chain will be securing other chains. I'm interested in pursuing the merged-mining angle. Getting chain hashes to a miner, and getting that miner payment from the chain, is key to this. Consider a future where there are 10,000 chains secured by one block...

Re: [Bitcoin-development] Reworking the policy estimation code (fee estimates)

2014-10-29 Thread Peter Todd
On Mon, Oct 27, 2014 at 03:33:45PM -0400, Alex Morcos wrote: I've been playing around with the code for estimating fees and found a few issues with the existing code. I think this will address several observations that the estimates returned by the existing code appear to be too high. For