Bribery

[iFixBTCmemoryIssues]

And today, Bitcoin Core attempts bribery, wankers:

submitted 3 hours ago * by jratcliff63367

I would like to propose an idea to those who want large blocks and cheap transactions. Rather than fighting against bitcoin core, let's work towards creating a sidechain with these features the big-block supporters all agree upon.

The key features of this sidechain are:

Large blocks (community can decide what that means, 20mb, BU, etc.)
New proof of work algorithm which is ASIC resistant. Designed primarily for CPU initially. One CPU=one miner/node.
Faster transaction / block confirmation time
New Dev team independent of core
No RBF
No transaction malleability; through a clean implementation of SegWit
No native token other than bitcoin! The only token on the sidechain is bitcoin; cryptographically pegged to value on the main chain.
Every full node is also a miner, who is compensated 100% through transaction fees. While it may not be a lot of money, every participant knows that they are both supporting the network and being rewarded. As the network transaction capacity grows, transaction fees can become a significant reward for participants. With such a scheme this sidechain would rapidly have an order of magnitude more fully validating nodes than bitcoin core has today. Many people would run a full node if they knew they were collecting a modest transaction fee for the service. This is the same sales pitch for why people would run LN nodes by the way.

This sounds like a big-blocker's wet dream list of features. It can be done without permission, cooperation, or causing disruption to the existing bitcoin network.


**********************Probably shouldn't have stolen something that doesn't belong to you jratcliff63367.