From: Justus Ranvier <justus@openbitcoinprivacyproject•org>
To: bitcoin-dev@lists•linuxfoundation.org
Subject: Re: [bitcoin-dev] Segregated witness softfork with moderate adoption has very small block size effect
Date: Sat, 19 Dec 2015 11:55:10 -0600 [thread overview]
Message-ID: <567599FE.30202@openbitcoinprivacyproject.org> (raw)
In-Reply-To: <b19eb676c18ba451605cb02159541dd9@xbt.hk>
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On 12/19/2015 10:49 AM, jl2012 via bitcoin-dev wrote:
> I am not convinced that SW softfork should be the *only* short term
> scalability solution
I don't think SW is relevant at all with respect to scalability.
Fraud proofs are extremely important from a security perspective. The
network as it exists now places too much trust in miners. Creating a way
for non-full node clients to reject chains with contain invalid
transactions regardless of how much hashing power produces the invalid
chains is essential for the security of the network.
Adding a fraud proof system into blocks means that other features, like
committed UTXO sets, become less unsafe to deploy.
Solving transaction malleability is a very nice to have feature.
A scalability solution, IMHO, is "how do we buy some time to allow
continue usage growth while working on creating a situation where it
becomes safe to eliminate maximum block size as a consensus rule?"
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next prev parent reply other threads:[~2015-12-19 17:54 UTC|newest]
Thread overview: 7+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-12-19 16:49 jl2012
2015-12-19 17:43 ` Peter Todd
2015-12-19 18:37 ` Santino Napolitano
2015-12-19 18:48 ` Peter Todd
2015-12-20 3:37 ` Chris Priest
2015-12-19 17:55 ` Justus Ranvier [this message]
2015-12-20 1:19 ` Douglas Roark
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