On Friday, January 27, 2017 11:53:02 PM Andrew Johnson via bitcoin-dev wrote:
> I don't think that the 17% yearly increase is too far off base considering
> current global trends(although I still don't particularly like the idea of
> centrally planning the limit, especially not that far into the
Oops, forgot to mention, in the "parent" (ie old) block header, we should:
1) fix the version field so its a static constant
2) swap first 2 bytes of the merkle root with the timestamp's two
high-order bytes (preferably more, I'm not sure how much ASIC hardware
has timestamp-rolling in it
Looks cool, though I have a few comments inline.
One general note - it looks like you're letting complexity run away from
you a bit here. If the motivation for something is only weak, its
probably not worth doing! A hard fork is something that must be
undertaken cautiously because it has so much
Hey Johnson,
As you know I've always been a rather large critic of this approach.
First a bit of background. Pieter's excellent post on the security of
soft forks [1] covers pretty well why soft forks are preferable to hard
forks by debunking much of the "soft forks are less secure" arguments.
Johnson,
It's actually clear from your original post - you treat "all zeros" in a
special way - as the equivalent of all ones. The semantics match the
impression I got originally. Sorry we got sidetracked.
___
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On Fri, Jan 27, 2017 at 03:47:20PM -0500, Greg Sanders via bitcoin-dev wrote:
> Note that the 4MB number comes from a single network metric.
>
> Quotes directly from the paper in question:
> http://fc16.ifca.ai/bitcoin/papers/CDE+16.pdf
>
> >Our results hinge on the key metric of effective
Note that the 4MB number comes from a single network metric.
Quotes directly from the paper in question:
http://fc16.ifca.ai/bitcoin/papers/CDE+16.pdf
>Our results hinge on the key metric of effective throughput in the overlay
network, which we define here as which blocks propagate within an
> On 26 Jan 2017, at 03:32, Tom Harding wrote:
>
> On 1/24/2017 8:03 PM, Johnson Lau wrote:
>> it seems they are not the same: yours is opt-out, while mine is opt-in.
>
> I missed this. So in fact you propose a self-defeating requirement on the
> new network, which would
There are many consensus critical limits scattered all over the Bitcoin
protocol. The first part of this post is to analyse what the current limits
are. These limits could be arranged into different categories:
1. Script level limit. Some limits are restricted to scripts, including size
(1
On Jan 27, 2017 03:03, "Andrew Johnson via bitcoin-dev" wrote:
Other researchers have come to the conservative conclusion that we could
handle 4MB blocks today.
I believe this is a mischaracterization of the research conclusions. The
actual conclusion
Regarding #1, I agree with Johnson Lau and others who have responded since
then—this proposal is not appropriate and should not be adopted for the
following reasons:
1. Miners will view it as way too little, delivered way too late. And as
soon as you say 300kb blocks, you've lost them all.
2.
Your BIP implementation should stress the capacity to softfork the rate of
blocksize increase if necessary. You briefly mention that:
*If over time, this growth factor is beyond what the actual technology
offers, the intention should be to soft fork a tighter limit.*
However this can work both
On Jan 26, 2017 10:15 PM, "Luke Dashjr" wrote:
On Friday, January 27, 2017 3:04:50 AM Andrew Johnson wrote:
> Comment on #1. You're dropping the blocksize limit to 300KB and only
> reaching the limit that we have in place today 7 years later?
The limit only drops all the way
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