jerryfrench
Posts: 2
Joined: Wed Oct 14, 2015 8:54 pm

Simple idea to fix bitcoin scalability forever.

Wed Oct 14, 2015 10:12 pm

https://youtu.be/zAoWCOPc6hY

Simple idea to fix bitcoin scalability forever.
Bitcoin patch video- https://youtu.be/zAoWCOPc6hY
Bitcoin SPAM patch
Example of dynamic distrutive fee set up:
100 bits per transaction ( destructive fees )
Fee doubles - 10 days of transactions over 2,000,000 or (200,000 per day)
Fee Cuts in half- every 10 days of transaction below 5,000,000 (50,000 per day)

vanilladev
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 60
Joined: Wed Sep 30, 2015 2:55 am
Contact: Website

Re: Simple idea to fix bitcoin scalability forever.

Thu Oct 15, 2015 8:58 am

Peercoin was the first to do this with fixed fees that are NOT inserted into a Proof-of-Work block (nobody gets them). We use a similar algorithm to limit inflation over time as well as to mitigate micro-transaction flooding. 8-)
John Connor
Vanillacoin
http://vanillacoin.net

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