Re: [bitcoin-dev] Solving the Scalability Problem on Bitcoin

2017-08-27 Thread Matthew Beton via bitcoin-dev
I think a slight problem with this is that wallets (often ones made by third party wallet software) do not fully empty. I don't know how often this happens, but some wallets, even if you tell them to send all funds, leave a small fraction of bitcoin remaining. If this is the case, it could be

Re: [bitcoin-dev] UTXO growth scaling solution proposal

2017-08-22 Thread Matthew Beton via bitcoin-dev
ning coins are no longer "safe enough." >> >> Again, this seems (a) more about an alt-coin/bitcoin fork or (b) better >> in bitcoin-discuss at best vs bitcoin-dev. I've seen it discussed many >> times since 2010 and still do not agree with the rational that embracing

Re: [bitcoin-dev] UTXO growth scaling solution proposal

2017-08-22 Thread Matthew Beton via bitcoin-dev
Okay so I quite like this idea. If we start removing at height 63 or 84 (gives us 4-8 years to develop this solution), it stays nice and neat with the halving interval. We can look at this like so: B - the current block number P - how many blocks behind current the coin burning block is.