Re: [bitcoin-dev] If you had a single chance to double the transactions/second Bitcoin allows...

2015-08-10 Thread Michael Ruddy via bitcoin-dev
Sergio, you raise an interesting question. I had seen your message to the list related to this idea before [1], so I went back to research what the viewpoints and conclusions were, if any. I didn't find anything too conclusive, but I did find some persuasive points by Dave Hudson [2] [3] [4] [5]

Re: [bitcoin-dev] A reason we can all agree on to increase block size

2015-08-03 Thread Michael Ruddy via bitcoin-dev
Does that not sound like a useful check-and-balance? It does to me. In a scenario where these network limitations and miner rate distributions are the same to begin, and the block and transaction size limits are raised or removed, your observation would seem to indicate that blocks that are outsta

Re: [bitcoin-dev] BIP draft: Hardfork bit

2015-08-02 Thread Michael Ruddy via bitcoin-dev
I think your "hardfork bit" proposal is clever. It addresses the particular valid concern of re-org facing users of a fork that a small/near/fluctuating majority, or less, of mining power supported. While the "economic majority" argument may be enough on its own in that case, it still has some aspe

Re: [bitcoin-dev] BIP draft: Hardfork bit

2015-08-01 Thread Michael Ruddy via bitcoin-dev
>> Ok, so set the bit and then include BIP-GIT-HASH of the canonical BIP on >> github in the coinbase? > > > I guess the git hash is not known until the code is written? (correct me if > I'm wrong) As the coinbase message is consensus-critical, it must be part of > the source code and therefore you