Re: [bitcoin-dev] Proposal: Demonstration of Phase in Full Network Upgrade Activated by Miners

I think we should not switch to Proof of Stake system. in Proof of Stake system, the one with more voting power tend to protect their investment and that will stop others from competing with them. they will use the voting power to make entering barrier, limiting the competition is bad for bitcoin

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

If we have a problem with a UTXO set that is too large, seems like maybe the fair way to approach it is to enforce a limit on the growth of the UTXO set. Miners would eventually be forced to generate blocks that are UTXO neutral and would factor that into their algorithm for prioritizing transacti

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

2017-07-21 16:28 GMT-03:00 Major Kusanagi via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org>: > [...] But the fact is that if we want to make bitcoins last forever, we > have the accept unbounded UTXO growth, which is unscalable. So the only > solution is to limit UTXO growth, meaning bitcoi

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

Hi Major, I think that you'll enjoy Peter Todd's blogpost on TXO commitments[1]. It has a better scalability improvement with fewer negative consequence. Best, Jeremy [1] https://petertodd.org/2016/delayed-txo-commitments -- @JeremyRubin

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

Sounds like demurrage to me, which has been implemented in other cryptocurrencies such as Freicoin - http://freico.in/ While it's an interesting to apply this line of thinking from a scaling perspective, I suspect most would find it untenable from a monetary policy perspective. You have touched o

[bitcoin-dev] UTXO growth scaling solution proposal

Hi all, I have a scaling solution idea that I would be interested in getting some feedback on. I’m new to the mailing list and have not been in the Bitcoin space as long as some have been, so I don’t know if anyone has thought of this idea. Arguably the biggest scaling problem for Bitcoin is the

[bitcoin-dev] BIP proposal - multi-account key derivation hierarchy for multisig wallets

Maybe this has already been discussed, but I have not found anything online. To the best of my knowledge, the only BIP which specifies a HD structure for multisig wallets is BIP45. Unfortunately, when used in a multi-account fashion, BIP45 gets very tricky very fast. In fact, one has to either use