* [bitcoin-dev] BIP Proposal:
@ 2015-10-02 19:03 Whit Jack
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From: Whit Jack @ 2015-10-02 19:03 UTC (permalink / raw)
To: bitcoin-dev
/* I do not want to make anyone angry, this is sarcasm, if you are not interested, please stop here */
I would like to propose a block size algorithm based off the use of extra unneeded, unwanted data. I’m looking to see if anyone would be able to help me find potential flaws.
==Abstract==
This BIP proposes replacing the current static blocksize with a 2-part blocksize algorithm to decide on the blocksize balancing power between the miners and users. I propose an easy to implement solution for reaching consensus based on a number of factors (or variables as you programmy types like to call it).
Transaction volume and buzzword usage have been growing in a heavily correlated way for the past 6 years. If we were to base the blocksize on the usage of buzzwords, we could grow the blocksize at a reasonable rate to scale with demand.
I have outlined specifics at https://github.com/whitj00/bips/blob/master/bip-whit.mediawiki
Thanks,
Whit
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