Re: [bitcoin-dev] Adjusted difficulty depending on relative blocksize

Well let's see. All else being equal, if everybody uses difficulty to buy big blocks during retarget interval 0, blocks and therefore money issuance is slower during that interval. Then, the retargeting causes it to be faster during interval 1. Subsidy got shifted from the calendar period

Re: [bitcoin-dev] Adjusted difficulty depending on relative blocksize

Does it really change the schedule when the next difficulty retarget readjusts to an average of 10 minutes again? On Tue, Sep 8, 2015 at 8:27 PM, Tom Harding via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > > There is another concern regarding "flexcap" that was not discussed. >

Re: [bitcoin-dev] Adjusted difficulty depending on relative blocksize

There is another concern regarding "flexcap" that was not discussed. A change to difficulty in response to anything BUT observed block production rate unavoidably changes the money supply schedule, unless you also change the reward, and in that case you've still changed the timing even if not the

Re: [bitcoin-dev] Adjusted difficulty depending on relative blocksize

Nobody mentioned exchange rates. Those matter to miners too. Does it make sense for George Soros and every other rich person / institution to have the power to move difficulty, even pin it to min or max, just by buying or selling piles of BTC to swing the exchange rate? On 8/14/2015 8:03 AM, Ad

Re: [bitcoin-dev] Adjusted difficulty depending on relative blocksize

Ah, there we go. I should have dug deeper into the mailing list Thanks /jakob > 14 aug 2015 kl. 17:03 skrev Adam Back : > > There is a proposal that relates to this, see the flexcap proposal by > Greg Maxwell & Mark Friedenbach, it was discussed on the list back in > May: > > http://lists.linu

Re: [bitcoin-dev] Adjusted difficulty depending on relative blocksize

There is a proposal that relates to this, see the flexcap proposal by Greg Maxwell & Mark Friedenbach, it was discussed on the list back in May: http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-May/008017.html and http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-May/008038.h

Re: [bitcoin-dev] Adjusted difficulty depending on relative blocksize

On 14 August 2015 at 16:48, Jakob Rönnbäck < bitcoin-dev@lists.linuxfoundation.org> wrote: > 14 aug 2015 kl. 16:20 skrev Anthony Towns : > > On 14 August 2015 at 11:59, Jakob Rönnbäck < > bitcoin-dev@lists.linuxfoundation.org> wrote: > >> What if one were to adjust the difficulty (for individual b

Re: [bitcoin-dev] Adjusted difficulty depending on relative blocksize

> 14 aug 2015 kl. 16:20 skrev Anthony Towns >: > > On 14 August 2015 at 11:59, Jakob Rönnbäck > > wrote: > What if one were to adjust the difficulty (for individual blocks) depending > on the relative size to the averag

Re: [bitcoin-dev] Adjusted difficulty depending on relative blocksize

On 14 August 2015 at 11:59, Jakob Rönnbäck < bitcoin-dev@lists.linuxfoundation.org> wrote: > What if one were to adjust the difficulty (for individual blocks) > depending on the relative size to the average block size of the previous > difficulty period? (I apologize if i’m not using the correct t

Re: [bitcoin-dev] Adjusted difficulty depending on relative blocksize

Hmm… well, yes and no. Mostly no :) The main idea i was trying to describe was that the actual difficulty for the block could be adjusted according to how much the size of the proposed block differ compared to the average size of blocks in the previous difficulty period. Unless I’m being very d

Re: [bitcoin-dev] Adjusted difficulty depending on relative blocksize

Like this? https://gist.github.com/gubatron/143e431ee01158f27db4 http://twitter.com/gubatron On Fri, Aug 14, 2015 at 5:59 AM, Jakob Rönnbäck < bitcoin-dev@lists.linuxfoundation.org> wrote: > Greetings, > > a thought occurred to me that I would love to hear what some bitcoin > experts think about

[bitcoin-dev] Adjusted difficulty depending on relative blocksize

Greetings, a thought occurred to me that I would love to hear what some bitcoin experts think about. What if one were to adjust the difficulty (for individual blocks) depending on the relative size to the average block size of the previous difficulty period? (I apologize if i’m not using the c