Re: [bitcoin-dev] BIP Process: Status, comments, and copyright licenses

2016-03-09 Thread Mustafa Al-Bassam via bitcoin-dev
It would be nice to decouple the venue, but even BIP 1 gives that control to whoever controls the mailing list: "Following a discussion, the proposal should be sent to the bitcoin-dev list and the BIP editor with the draft BIP." (BIP 1) A neater way to do it might be to replace references to the m

Re: [bitcoin-dev] BIP 2 promotion to Final

2016-03-09 Thread Mustafa Al-Bassam via bitcoin-dev
> the soft-fork does not become Final for as long as such a hard-fork has potentially-majority support, or at most three months. This wording is awkward. What is "potentially-majority"? >A hard-fork BIP requires adoption from the entire Bitcoin economy, particularly including those selling desirab

Re: [bitcoin-dev] Services bit for xthin blocks

2016-03-09 Thread Tier Nolan via bitcoin-dev
On Wed, Mar 9, 2016 at 6:11 PM, G. Andrew Stone via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > Thanks for your offer Luke, but we are happy with our own process and, > regardless of historical provenance, see this mailing list and the BIP > process as very Core specific for reas

Re: [bitcoin-dev] Hardfork to fix difficulty drop algorithm

2016-03-09 Thread Dave Hudson via bitcoin-dev
> On 9 Mar 2016, at 20:21, Bob McElrath wrote: > > Dave Hudson [d...@hashingit.com] wrote: >> A damping-based design would seem like the obvious choice (I can think of a >> few variations on a theme here, but most are found in the realms of control >> theory somewhere). The problem, though, is

Re: [bitcoin-dev] Hardfork to fix difficulty drop algorithm

2016-03-09 Thread Paul Sztorc via bitcoin-dev
On 3/9/2016 3:18 PM, Henning Kopp via bitcoin-dev wrote: > Hi, > > > However, I think it could actually increase > > confidence in the system if the community is able to demonstrate a good > > process for making such decisions, and show that we can separate the > > meaningful underlying principles,

Re: [bitcoin-dev] Hardfork to fix difficulty drop algorithm

2016-03-09 Thread Paul Sztorc via bitcoin-dev
On 3/9/2016 1:30 PM, Dave Hudson via bitcoin-dev wrote: > The hash rate has jumped up by almost 70% in the last 6 to 7 months and that > implies some pretty serious investments by miners who are quite aware of the > halving. There are a few ways in which that information would be irrelevant: [1.]

Re: [bitcoin-dev] Hardfork to fix difficulty drop algorithm

2016-03-09 Thread Bob McElrath via bitcoin-dev
Dave Hudson [d...@hashingit.com] wrote: > A damping-based design would seem like the obvious choice (I can think of a > few variations on a theme here, but most are found in the realms of control > theory somewhere). The problem, though, is working working out a timeframe > over which to run the d

Re: [bitcoin-dev] Hardfork to fix difficulty drop algorithm

2016-03-09 Thread Henning Kopp via bitcoin-dev
Hi, > However, I think it could actually increase > confidence in the system if the community is able to demonstrate a good > process for making such decisions, and show that we can separate the > meaningful underlying principles, such as the coin limit and overall > inflation rate, from what is m

[bitcoin-dev] Proposing a (potentially less contentious) difficulty drop solution

2016-03-09 Thread David Manheim via bitcoin-dev
Hi all, I've been following this discussion closely. Unlike most of the developers, I'm more of an economist and game theorist than cryptographer, and I wanted to suggest a possible compromise solution. Brief review of discussion so far, as background; There is a clear split in the discussion on

Re: [bitcoin-dev] Hardfork to fix difficulty drop algorithm

2016-03-09 Thread Dave Hudson via bitcoin-dev
A damping-based design would seem like the obvious choice (I can think of a few variations on a theme here, but most are found in the realms of control theory somewhere). The problem, though, is working working out a timeframe over which to run the derivative calculations. The problem is the m

Re: [bitcoin-dev] Services bit for xthin blocks

2016-03-09 Thread G. Andrew Stone via bitcoin-dev
Thanks for your offer Luke, but we are happy with our own process and, regardless of historical provenance, see this mailing list and the BIP process as very Core specific for reasons that are too numerous to describe here but should be obvious to anyone who has been aware of the last year of Bitco

Re: [bitcoin-dev] Hardfork to fix difficulty drop algorithm

2016-03-09 Thread Paul Sztorc via bitcoin-dev
My recent conversations with miners revealed: * Many have made "extra-large" hardware investments recently. * Some wonder if we have just reached (or are quickly reaching) a plateau of hardware-efficiency. This would mean that hardware-investments might not be made in the critical period immediat

Re: [bitcoin-dev] bitcoin-dev Digest, Vol 10, Issue 13

2016-03-09 Thread Bob McElrath via bitcoin-dev
Daniele Pinna via bitcoin-dev [bitcoin-dev@lists.linuxfoundation.org] wrote: > This seems unnecessarily complicated ("don't use cannon to kill mosquito" kind > of thing). If the community were interested in a realtime hashrate rebalancing > proposal one could simply adjust difficulty at each new bl