Re: [Bitcoin-development] Scaling Bitcoin with Subchains

2015-06-16 Thread Andrew
On Tue, Jun 16, 2015 at 6:17 PM, Peter Todd wrote: Merge-mined sidechains are not a scaling solution any more than SPV is a scaling solution because they don't solve the scaling problem for miners. Some kind of treechain like sidechain / subchains where what part of the

Re: [Bitcoin-development] Scaling Bitcoin with Subchains

2015-06-13 Thread Andrew
First of all, I added more info to On Sat, Jun 13, 2015 at 2:39 PM, Pieter Wuille wrote: In your proposal, transactions go to a chain based the addresses involved. We can reasonably assume that

Re: [Bitcoin-development] Scaling Bitcoin with Subchains

2015-05-27 Thread Andrew
wrote: Hi Andrew, Your belief that Bitcoin has to be constrained by the belief that hardware will never improve is extremist, but regardless, your concerns are easy to assuage: there is no requirement that the block chain be stored on hard disks. As you note yourself the block chain is used

[Bitcoin-development] Scaling Bitcoin with Subchains

2015-05-19 Thread Andrew
Hi I briefly mentioned something about this on the bitcoin-dev IRC room. In general, it seems experts (like sipa i.e. Pieter) are against using sidechains as a way of scaling. As I only have a high level understanding of the Bitcoin protocol, I cannot be sure if what I want to do is actually

Re: [Bitcoin-development] Block Size Increase

2015-05-09 Thread Andrew
that (insert some huge block size here) will be needed to even accommodate the reduced traffic. I believe that it is definitely over 20MB. If it was determined to be 100 MB ten years from now, that wouldn't surprise me. Sent from my overpriced smartphone On May 8, 2015 1:17 PM, Andrew onelinepr

Re: [Bitcoin-development] Block Size Increase

2015-05-09 Thread Andrew
On Sat, May 9, 2015 at 12:53 PM, Justus Ranvier wrote: -BEGIN PGP SIGNED MESSAGE- Hash: SHA1 On 05/09/2015 02:02 PM, Andrew wrote: The nice thing about 1 MB is that you can store ALL bitcoin transactions relevant to your lifetime (~100 years) on one 5 TB

Re: [Bitcoin-development] Block Size Increase

2015-05-08 Thread Andrew
On Fri, May 8, 2015 at 2:59 PM, Alan Reiner wrote: This isn't about everyone's coffee. This is about an absolute minimum amount of participation by people who wish to use the network. If our goal is really for bitcoin to really be a global, open transaction network

Re: [Bitcoin-development] Block Size Increase

2015-05-07 Thread Andrew
I'm mainly just an observer on this. I mostly agree with Pieter. Also, I think the main reason why people like Gavin and Mike Hearn are trying to rush this through is because they have some kind of apps that depend on zero conf instant transactions, so this would of course require more traffic on

Re: [Bitcoin-development] Request for comments on hybrid, PoW/PoS enhancement for Bitcoin

2015-02-25 Thread Andrew Lapp
. Another side effect is that miners would have a bigger economy of scale. The more stake a miner has, the more they can endorse their own blocks and not others blocks. I recommend reading this: -Andrew Lapp

Re: [Bitcoin-development] [softfork proposal] Strict DER signatures

2015-01-21 Thread Andrew Poelstra
I've read this and it looks A-OK to me. Andrew On Tue, Jan 20, 2015 at 07:35:49PM -0500, Pieter Wuille wrote: Hello everyone, We've been aware of the risk of depending on OpenSSL for consensus rules for a while, and were trying to get rid of this as part of BIP 62 (malleability

Re: [Bitcoin-development] side-chains 2-way pegging (Re: is there a way to do bitcoin-staging?)

2014-11-03 Thread Andrew Poelstra
an attack. Well, even in the absense of a reorganization, the attacker's false proof will just be invalidated by a proof of longer work on the real chain. And there is still a real cost to producing the false proof. -- Andrew Poelstra Mathematics Department, University of Texas at Austin Email

Re: [Bitcoin-development] Why are we bleeding nodes?

2014-04-08 Thread Andrew LeCody
My node (based in Dallas, TX) has about 240 connections and is using a little under 4 Mbps in bandwidth right now. According the hosting provider I'm at 11.85 Mbps for this week, using 95th percentile billing. The report from my provider includes my other servers though. On Mon, Apr 7, 2014 at

Re: [Bitcoin-development] moving the default display to mbtc

2014-03-14 Thread Andrew Smith
Well, not sure I wanted to subscribe the mbtc vs ubtc list... its a default, not a big deal. -- Learn Graph Databases - Download FREE O'Reilly Book Graph Databases is the definitive new guide to graph databases and their

Re: [Bitcoin-development] Ultimate Blockchain Compression w/ trust-free lite node

2012-06-19 Thread Andrew Miller
/nissim.pdf [2] A General Model for Authenticated Data Structures Martel, Nuckolls, Devanbu, Michael Gertz, Kwong, Stubblebine. 2004 -- Andrew Miller -- Live Security

Re: [Bitcoin-development] Ultimate Blockchain Compression w/ trust-free lite node

2012-06-19 Thread Andrew Miller
to desire this! I am indeed assuming that the tree will be incrementally constructed according to the canonical (blockchain) ordering of transactions, and that the balancing rules are agreed on as part of the protocol. -- Andrew Miller