Search found 18 matches
- Wed Oct 19, 2016 3:23 am
- Forum: Bitcoin Unlimited
- Topic: Why unlimited block size is still the perfect solution
- Replies: 8
- Views: 13569
Why unlimited block size is still the perfect solution
There remains the option of growing the block size automatically if more than X % of transactions take longer than Y hours to complete. This will ensure that a healthy fee market will still exist despite Bitcoin's unlimited potential growth. I also believe that Bitcoin will self-limit if "too large"...
- Sun Jul 03, 2016 11:36 am
- Forum: Development & Technical Discussion
- Topic: Solution to Block Size Problem
- Replies: 0
- Views: 1654
Solution to Block Size Problem
There are currently 2 camps: a) Those wanting to see the block size remain unchanged. b) Those that want to increase the block size to comfortably contain the vast majority of transactions. The people in camp (a) believe that transaction fees have to rise so offset the decrease in block mining rewar...
- Sat Jun 04, 2016 10:46 am
- Forum: AMA - Ask Me Anything
- Topic: I'm Gavin Andresen, Bitcoin geek. Ask me anything!
- Replies: 137
- Views: 222547
Re: I'm Gavin Andresen, Bitcoin geek. Ask me anything!
Hi Gavin, The previous post asks " How far are we from seeing "Bitcoin transactions cheap and accessible to everybody, not just people with million of dollars to move around?" " So that Bitcoin would continue supporting micro transactions into the future, and to provide a mechanism for increasing bl...
- Sat Mar 19, 2016 1:30 pm
- Forum: Bitcoin Classic
- Topic: Head first mining by Gavin Andresen Pull Request #152 effectively lowers block propagation from ~10sec to 150ms.
- Replies: 4
- Views: 10697
Re: Head first mining by Gavin Andresen Pull Request #152 effectively lowers block propagation from ~10sec to 150ms.
This means we can have automatic block size scaling based on a exponential moving average on number of transactions per block without running into arguments relating to block propagation time of larger blocks. We can put this issue behind us. I would like to see this implemented yesterday.
- Sun Mar 06, 2016 12:04 am
- Forum: Bitcoin Classic
- Topic: Increasing Block Size Will Only Impact Decentralization If Bitcoin Growth Exceeds Moore's Law
- Replies: 1
- Views: 9427
Increasing Block Size Will Only Impact Decentralization If Bitcoin Growth Exceeds Moore's Law
Moore's Law leaves plenty of room for growth and I believe Bitcoin will reach a "happy" balance between decentralization and growth. In other words if centralization increases Bitcoin growth will slow down and vice versa.
- Fri Sep 25, 2015 2:13 pm
- Forum: Bitcoin Discussion
- Topic: ELI5 Why Do We Need A Block Size Limit? Can miners choose for themselves instead?
- Replies: 4
- Views: 2532
ELI5 Why Do We Need A Block Size Limit? Can miners choose for themselves instead?
Follow up questions: 1) Do blocks have to be loaded into memory atomically to be validated or can they be validated in a streamed fashion? 2) What are the latest proposals aimed at removing the incentive not to validate blocks? Is this something that can self-correct when an equilibrium point is rea...
- Fri Sep 25, 2015 11:58 am
- Forum: Bitcoin Discussion
- Topic: Protecting your seed! Brainstorming thread
- Replies: 13
- Views: 6648
Re: Protecting your seed! Brainstorming thread
"i guess that is always a wise choice. dont write only 12 words on a piece of paper. even if someone will find that seed he should have a hard time to guess what it actually is." Ideally each question should have at least 10 - 100 equally likely and unrelated answers. That way an attacker would hav...
- Fri Sep 25, 2015 9:52 am
- Forum: Bitcoin Discussion
- Topic: Bitcoin Ninjas!
- Replies: 2
- Views: 3138
Re: Bitcoin Ninjas!
LOL! 
- Fri Sep 25, 2015 8:10 am
- Forum: Bitcoin Discussion
- Topic: Highest OKCoin Volume in Six Months!
- Replies: 2
- Views: 2244
Highest OKCoin Volume in Six Months!
Roughly 24 hours ago OKCoin's 4-Hour chart reached the highest volume in 6 months - 100,815 BTC!
- Fri Sep 25, 2015 7:24 am
- Forum: Bitcoin Discussion
- Topic: Protecting your seed! Brainstorming thread
- Replies: 13
- Views: 6648
Re: Protecting your seed! Brainstorming thread
In addition you could record your seed as a series of questions which only you know the answers to. Don't choose yes/no questions though... Not sure this will help much though as these would probably be vulnerable to exhaustive offline searches unless the questions are of a cryptic enough nature - i...
- Thu Sep 24, 2015 1:42 pm
- Forum: Bitcoin Discussion
- Topic: Andreas Antonopoulos Argues in Favor of Larger Block Sizes
- Replies: 9
- Views: 3399
- Thu Sep 24, 2015 12:52 pm
- Forum: Bitcoin Discussion
- Topic: Will there only be ONE "Lightning Network"?
- Replies: 2
- Views: 2117
Will there only be ONE "Lightning Network"?
As I understand it the Lightning Network(s) is the "super case" (multiple hops) MADE POSSIBLE due to protocol extensions to Bitcoin. Any particular "Lightning Network" does not necessarily have to be an integral part of Bitcoin. For instance, it should be able to use these same protocol extensions i...
- Thu Sep 24, 2015 12:14 pm
- Forum: Bitcoin Discussion
- Topic: Why are you a member of this forum?
- Replies: 77
- Views: 35191
Re: Why are you a member of this forum?
Also, sick of censorship on other forums.
- Thu Sep 24, 2015 12:09 pm
- Forum: Bitcoin Discussion
- Topic: Scaling Bitcoin to Billions of Transactions Per Day
- Replies: 5
- Views: 2576
Re: Scaling Bitcoin to Billions of Transactions Per Day
Are you sure? 
- Thu Sep 24, 2015 6:48 am
- Forum: Bitcoin Discussion
- Topic: IRC Channel #Bitcoin calls Bitcoin.com "scammy"
- Replies: 7
- Views: 3438
Re: IRC Channel #Bitcoin calls Bitcoin.com "scammy"
In the future we may be able to open a payment channel to this forum and bump posts by clicking a button...
- Wed Sep 23, 2015 2:57 pm
- Forum: Bitcoin Discussion
- Topic: Scaling Bitcoin to Billions of Transactions Per Day
- Replies: 5
- Views: 2576
Scaling Bitcoin to Billions of Transactions Per Day
Hugely informative video on the Lightning Network:
https://www.youtube.com/watch?v=8zVzw912wPo
136 up-votes and only 1 down-vote at the time of this post. This should be an indication of the level of support amongst bitcoiners that take the trouble to stay informed......
Enjoy!
https://www.youtube.com/watch?v=8zVzw912wPo
136 up-votes and only 1 down-vote at the time of this post. This should be an indication of the level of support amongst bitcoiners that take the trouble to stay informed......
Enjoy!- Wed Sep 23, 2015 2:25 pm
- Forum: Bitcoin Discussion
- Topic: Without Bitcoin-as-payment-network Bitcoin is nothing...
- Replies: 3
- Views: 2236
Without Bitcoin-as-payment-network Bitcoin is nothing...
The current brain washing meme circulating in the Bitcoin community would have you believe that Bitcoin as digital gold can be separated from Bitcoin as payment network. The truth is that without Bitcoin as payment network, and the associated ground-breaking innovations, Bitcoin would be just anothe...
- Wed Sep 23, 2015 2:14 pm
- Forum: Bitcoin Discussion
- Topic: Leaving block size unchanged will have Bitcoin lose its first mover advantage
- Replies: 2
- Views: 2142
Leaving block size unchanged will have Bitcoin lose its first mover advantage
Bigger blocks will mean more transactions per block and more overall fees while keeping transaction fees low. This is the preferred way for miners to achieve greater overall fees which will help Bitcoin remain competitive whilst continuing to grow. Creating artificial demand is not a good idea for t...