Fork off - page 14. | Bitcointalksearch.org

Jammalan the Prophet

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Quote from: solex on January 14, 2015, 06:24:28 PM

Quote from: Jammalan the Prophet on January 14, 2015, 06:18:38 PM

I don't know if anybody has calculated this before as it seems pretty stupid , but how much it will cost in transaction fees to fill all the blocks to the maximum ?

Right now. Less than 1 BTC per block, or about 100 BTC per day. Which is a relatively cheap attack. The limit creates an increasing risk of this event as tx volumes approach it.

Thanks for the answer.
So if one lunatic decided to throw this money away everyday what will happen to legit transactions ?
I know there is a transaction pool for most clients but i guess there is a time limit also i guess.

It does sound idiotic but this a cheaper way of attacking the blockchain than trying to build up 51% hash power.
So , is this kind of attack possible ? Can it bring legit transactions to a halt?

solex

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100 satoshis -> ISO code

Quote from: Jammalan the Prophet on January 14, 2015, 06:18:38 PM

I don't know if anybody has calculated this before as it seems pretty stupid , but how much it will cost in transaction fees to fill all the blocks to the maximum ?

Right now. Less than 1 BTC per block, roughly 100 BTC per day. Which is a relatively cheap attack. The limit creates an increasing risk of this event as normal tx volumes approach it.

Jammalan the Prophet

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I don't know if anybody has calculated this before as it seems pretty stupid , but how much it will cost in transaction fees to fill all the blocks to the maximum ?

matt4054

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Quote from: statdude on January 14, 2015, 05:54:29 PM

What are the characteristics of proposed fork in a nutshell?

Extending max. blocksize from 1 MB to 20 MB. That's it.

statdude

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What are the characteristics of proposed fork in a nutshell?

inBitweTrust

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Expect to see more of these... more often ... one megabyte isn't going to be enough...

jbreher

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lose: unfind ... loose: untight

Quote from: davout on January 13, 2015, 08:41:24 AM

Quote from: inBitweTrust on January 13, 2015, 07:47:01 AM

It would be good to accomplish this

No.

Quote from: inBitweTrust on January 13, 2015, 07:47:01 AM

the next bubble

k.

Ummm... really? davout?

For a formerly important participant in this experiment, where the heck have you been?

davout

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1davout

Quote from: inBitweTrust on January 13, 2015, 07:47:01 AM

It would be good to accomplish this

No.

Quote from: inBitweTrust on January 13, 2015, 07:47:01 AM

the next bubble

k.

inBitweTrust

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Quote from: wang_yan on January 13, 2015, 07:42:08 AM

I don't understand why Gavin is in such a hurry?

He has been planning, testing and discussing this for at least 3 months. (http://www.coindesk.com/gavin-andresen-bitcoin-hard-fork/) It would be good to accomplish this before the next bubble where transactions could grow beyond 7tps (which is the ideal maximum now).

wang_yan

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Quote from: Atruk on January 13, 2015, 12:19:13 AM

I will vote with MP and tvbcof. I don't think the new fork will be economical to mine or use.

I don't understand why Gavin is in such a hurry?

Flashman

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Hodl!

Upon release, core 0.1, did it even HAVE a block size limit?

So much anguish over removing a bandaid and replacing it with a knee pad.

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: railzand on January 13, 2015, 07:33:08 AM

And we propose to change it?

Are we so arrogant that we can say we begin to know bitcoin's correct uses? Maybe they are just the microtransactions, drugs and poker that this fork would lead to?

I doubt it, because that sounds very much like the status quo, but with crypto, yo.

There are thousands of altcoins that can serve niche markets. Bitcoin has a greater destiny... or fate.

railzand

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Lux e tenebris

Quote from: solex on January 13, 2015, 12:39:42 AM

So, what changed?

Quote from: solex on January 12, 2013, 11:33:43 PM

The landscape for bitcoin mining will be completely different at the end of 2013 than the beginning.

Yes, change happens. It is inevitable, like death and taxes.
Rocks do it.
Opinions do it.
Gavin Andresen did it.
Even Lords of La Serenissima do it.

Every one of us will change, many times over, thoroughly, completely, and again, because bitcoin was invented:

Quote

23:48:53 mircea_popescu: reminds me of a much older but quite central asciilifeform point : "These fools have been handed a technology so clever, so disruptive and revolutionary, that the rulers of the world would have to fully unmask themselves as ruthless tyrants in order to suppress it, ? or give up their thrones on their own free will ? if it were used correctly, that is."

And we propose to change it?

Are we so arrogant that we can say we begin to know bitcoin's correct uses? Maybe they are just the microtransactions, drugs and poker that this fork would lead to?

I doubt it, because that sounds very much like the status quo, but with crypto, yo.

calaber24p

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If this is life , then I prefer death !

Quote from: BitcoinNational on January 10, 2015, 11:39:35 AM

Bitcoin can be hi-jacked by a simple majority?

The ALT coins can fork.

But once a crypto is past the age of 4. Or $10m in marketcap.
No you do not fork.

Bitcoin the only value it has against the ALTs is that it will not fork, because it is impossible to establish a 99% consensus.

Want a better 'bitcoin' make one
Launch it on the market.

Hell give a snap shot distribution to the bitcoin holders.

Let the market, not a group of devs decide.

Oh fuck off, how do you make anything better and more efficient then? Going through these threads more and more makes me think open source projects suck. No one wants to take leadership and do what at least they think is best for the project. I say just do it and watch the whiners slither back into their holes and do nothing about it.

solex

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100 satoshis -> ISO code

Quote from: Atruk on January 13, 2015, 12:19:13 AM

I will vote with MP and tvbcof. I don't think the new fork will be economical to mine or use.

Quote from: Atruk on February 01, 2013, 05:37:44 AM

Quote from: Akka on February 01, 2013, 05:16:27 AM

Quote from: Atruk on February 01, 2013, 05:00:38 AM

Quote from: Akka on February 01, 2013, 04:09:57 AM

Lets say for example we set a Target, that the average Blocksize is always 80% of max. Blocksize and adjust the max. Blocksize by max. +-20% all 2016 Blocks to meet this Target.

This would ensure that Blockchain space always remains scarce, therefore ensuring TX fees for fast transaction, by at the same time ensuring that it will always be possible to make a transaction.

I'm looking forward to learn why this wouldn't work.

The problem with this is that some pools still mine blocks where the only transaction is the one that awards them their subsidy, and that can really poison averages.

Than change it to The average of the biggest 50% of all Blocks mined every 2016 Blocks. That would also mean that at least 50% of all miner would have to agree that a increase of the max. blocksize is necessary and also ensuring no minority can keep an increase from happening.

So (numbers changed a little):

Target: Average Blocksize of the biggest 1008 Blocks is always 90% of max. Blocksize
Adjustment: Max. Blocksize, max. +-20% all 2016 Blocks to meet this Target.

Isn't it amazing the difference adding one small caveat makes. This is why I'd default to trusting Gavin's judgement, because everyone is trying to smash all of these ideas in his face and he has to make decisions that protect brilliant ideas from naive attacks. http://www.schneier.com/blog/archives/2011/04/schneiers_law.html

So, what changed?

cyberpinoy

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Activity: 1008

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what about the news story where gavin so strupidly advised newcomber basically not to waste thier time on bicoins investments? https://bitcointalksearch.org/topic/gavin-andresen-on-the-front-page-of-the-ft-921669 how will this shit help us increase awareness and the value of bitcoins. Seems to me someone was bought off by the banks, So not even bitcoin developers are strong enough to "Just Say No" to banks dollars. It would be nivce if he would spread some of that pay off to the people who worked thier asses off in this project of his.

Atruk

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I will vote with MP and tvbcof. I don't think the new fork will be economical to mine or use.

altcoin hitler

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I'm dumping into alts. Fork you!

Bitcoin has become serious monkeybusiness

a fool and his money ...

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Quote from: cbeast on January 12, 2015, 01:41:06 AM

There should be a small fork before the next block reward halving, maybe raise the size limit to 1.5MB just to hold the hands of the crybabies. Then after the halving, raise it to 25MB. I don't understand the reluctance of upgrading. When Bitcoin came out most people were still using Windows XP. All they're doing is changing a number FFS!

what's a 'small fork'? Something like 'a little pregnant'?

allthingsluxury

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It will be very interesting to see how this all unfolds.

Topic: Fork off - page 14. (Read 37776 times)