From: "Luke-Jr" <luke@dashjr•org>
To: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] New standard transaction types: time to schedule a blockchain split?
Date: Wed, 24 Aug 2011 12:15:34 -0400 [thread overview]
Message-ID: <201108241215.36847.luke@dashjr.org> (raw)
In-Reply-To: <CABsx9T1uw43JuvhEmJP0KCyojsDi1r7v6BaLBHz7wWazduE5iw@mail.gmail.com>
On Wednesday, August 24, 2011 11:12:10 AM Gavin Andresen wrote:
> So, if we are going to have new releases that are incompatible with
> old clients why not do things right in the first place, implement or
> enable opcodes so the new bitcoin addresses can be small, and schedule
> a block chain split for N months from now.
If a block chain split is to occur, it makes sense to try to fix as many
problems as possible:
- Replace hard limits (like 1 MB maximum block size) with something that can
dynamically adapt with the times. Maybe based on difficulty so it can't be
gamed?
- Adjust difficulty every block, without limits, based on a N-block sliding
window. I think this would solve the issue when the hashrate drops
overnight, but maybe also add a block time limit, or perhaps include the
"current block" in the difficulty calculation?
- 21 million really isn't enough if Bitcoin ever takes off, even with
100,000,000 units per BTC. Replacing the "Satoshi" 64-bit integers with
"Satoshi" variable-size fractions (ie, infinite numerator + denominator)
would create infinite possibilities of future divison, allowing people to
not only do nBTC and pBTC, but also exact 1/3 of any quantity. Transaction
size would go up based on the number of primes involved in an amount, which
would encourage discarding annoying primes in transaction fees.
- Standardize everything on network (big) endian.
I'm sure others can think of other chain-splitting fixes that wouldn't be too
much work to fix.
next prev parent reply other threads:[~2011-08-24 16:15 UTC|newest]
Thread overview: 34+ messages / expand[flat|nested] mbox.gz Atom feed top
2011-08-24 15:12 Gavin Andresen
2011-08-24 15:17 ` Rick Wesson
2011-08-24 15:45 ` Gregory Maxwell
2011-08-24 15:55 ` Rick Wesson
2011-08-24 16:05 ` Douglas Huff
2011-08-24 16:15 ` Luke-Jr [this message]
2011-08-24 16:46 ` Gregory Maxwell
2011-08-24 17:03 ` Luke-Jr
2011-08-24 17:07 ` Rick Wesson
2011-08-24 17:19 ` Gregory Maxwell
2011-08-24 17:40 ` Rick Wesson
2011-08-24 17:57 ` Gavin Andresen
2011-08-24 18:45 ` Jeff Garzik
2011-08-25 7:39 ` Michael Grønager
2011-08-25 17:18 ` Gavin Andresen
2011-08-26 10:50 ` Mike Hearn
2011-08-27 1:36 ` bgroff
2011-08-25 18:31 ` Gregory Maxwell
[not found] ` <20110825201026.GA21380@ulyssis.org>
2011-08-25 20:29 ` Gregory Maxwell
2011-08-25 21:06 ` Pieter Wuille
2011-08-24 17:03 ` theymos
2011-08-24 17:47 ` bgroff
2011-08-24 19:05 ` Christian Decker
2011-08-24 20:29 ` Gregory Maxwell
2011-08-24 22:27 ` Douglas Huff
2011-08-25 21:30 ` Christian Decker
2011-08-26 11:42 ` Mike Hearn
2011-08-26 19:44 ` Gavin Andresen
2011-08-27 1:15 ` bgroff
2011-08-24 16:18 Pieter Wuille
2011-08-24 16:26 ` Luke-Jr
2011-08-25 20:14 Pieter Wuille
2011-08-26 11:09 ` Mike Hearn
2011-08-26 21:30 ` Pieter Wuille
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