Gavin Andresen Proposes Bitcoin Hard Fork to Address Network Scalability - page 13.

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Quote from: iluvpie60 on October 08, 2014, 12:06:20 PM

"Bitcoin Foundation (Master) Chief scientist Gavin Andresen has proposed increasing the number of transactions allowed on the bitcoin network by raising the maximum block size by 50% per year.

I'm no protocol know-it-all, but wouldn't increasing the maximum block size increase the number of "no fee" transactions? As the block reward drops, the protocol relies on those fees to keep miners interested.

deepceleron

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"News" is not something that has been on the hard-fork wishlist for over two years: https://en.bitcoin.it/wiki/Hardfork_Wishlist

Gleb Gamow

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Quote from: iluvpie60 on October 08, 2014, 12:06:20 PM

I guess another fork is needed(for those of you who don't know bitcoin was forked before) Huh

What do you all think about a hard fork? Better than a soft one?

How many forks can we has needz of eh? But more to the point, how delicious will a fork full of bitcoin taste?

http://www.coindesk.com/gavin-andresen-bitcoin-hard-fork/

"Bitcoin Foundation (Master) Chief scientist Gavin Andresen has proposed increasing the number of transactions allowed on the bitcoin network by raising the maximum block size by 50% per year.

Doing so would require a super duper hard fork and “some risk”, Andresen conceded in a new Bitcoin Foundation blog post, but he concluded that such proposals are ballin for the long-term viability of bitcoin as a global payments system."

So the model of huge difficulties is coming to roost is honestly how I see it. The difficulty is way too high for the reward that is going out now as one of the things, the second thing is that yes more transactions need to be included obviously in the future.

Gavin says """

“Agreeing on exactly how to accomplish that goal is where peepz start to disagree – there are lots of possible solutions. Here is my current favorite: roll out a barrel of hard forks that increase the maximum block size, and implement a rule to increase the size of a fork over time, very similar to the rule that decreases the block reward over time.”""

I would tend to agree with a solution that increases or decreases by itself honestly.

Obviously edited the above to be goofy. Read full article here http://www.coindesk.com/gavin-andresen-bitcoin-hard-fork/

Such wouldn't be needed if alts satisfied the myriad niches, only using Bitcoin proper as a means to record transaction by those desiring to convert to fiat, among only its other strong attributes.

iluvpie60

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I guess another fork is needed(for those of you who don't know bitcoin was forked before) Huh

What do you all think about a hard fork? Better than a soft one?

EDIT UPDATE Oct 22nd 2014: Gavin makes an AMA(ask me anything) on Reddit. https://www.reddit.com/r/Bitcoin/comments/2jw5pm/im_gavin_andresen_chief_scientist_at_the_bitcoin/

EDIT: Gavin has posted some thoughts below, please see posts 69, 78, 80, 96, 216, 240, 243
EDIT: Also please see this from Gavin: https://bitcoinfoundation.org/category/chief-scientist/

Article from Coindesk:
http://www.coindesk.com/gavin-andresen-bitcoin-hard-fork/

"Bitcoin Foundation (Master) Chief scientist Gavin Andresen has proposed increasing the number of transactions allowed on the bitcoin network by raising the maximum block size by 50% per year.

Doing so would require a super duper hard fork and “some risk”, Andresen conceded in a new Bitcoin Foundation blog post, but he concluded that such proposals are ballin for the long-term viability of bitcoin as a global payments system."

So the model of huge difficulties is coming to roost is honestly how I see it. The difficulty is way too high for the reward that is going out now as one of the things, the second thing is that yes more transactions need to be included obviously in the future.

Gavin says """

“Agreeing on exactly how to accomplish that goal is where peepz start to disagree – there are lots of possible solutions. Here is my current favorite: roll out a barrel of hard forks that increase the maximum block size, and implement a rule to increase the size of a fork over time, very similar to the rule that decreases the block reward over time.”""

I would tend to agree with a solution that increases or decreases by itself honestly.

Obviously edited the above to be my goofy self hehe

I appreciate Gavin and everyone responding! Good discussion and the entire point of this forum..

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