New BIP by Luke Dashjr: Softfork proposal for minimum price of $50k USD/BTC

ABCbits

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Crypto Swap Exchange

Quote from: HeRetiK on April 02, 2019, 10:28:12 AM

Quote from: spartacusrex on April 02, 2019, 04:46:24 AM

Surely.. the mega-masses didn't take him literally.. and cause this current little spike !? Roll Eyes

..stranger things have happened.. Grin

Seeing the price on Bitcoincharts in the morning I honestly had to double check to make sure that it wasn't just a belated April Fools. Crypto is so weird sometimes.

Imagine what'd happen if he modify this line

Code:

static const unsigned int MIN_USDBTC_PRICE = 50000;

into

Code:

static const unsigned int MIN_USDBTC_PRICE = 4294967295;

or change data type as well Tongue

Code:

static const unsigned long long int MIN_USDBTC_PRICE = 18446744073709551615;

P.S. April Mop is over, consider lock/move the thread.

HeRetiK

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Cashback 15%

Quote from: spartacusrex on April 02, 2019, 04:46:24 AM

Surely.. the mega-masses didn't take him literally.. and cause this current little spike !? Roll Eyes

..stranger things have happened.. Grin

Seeing the price on Bitcoincharts in the morning I honestly had to double check to make sure that it wasn't just a belated April Fools. Crypto is so weird sometimes.

spartacusrex

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Surely.. the mega-masses didn't take him literally.. and cause this current little spike !? Roll Eyes

..stranger things have happened.. Grin

cellard

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I am really disappointed at Luke Dashjr. The effort seems like a good idea on surface, but upon closer inspection, it's clear that we are under the spell of a scammer. He isn't proposing 50k blocks at it should be, but $50k price! This is insanity. We need blocks that can fit within spectrum tapes immediately, forget about the damn price.

Artemis3

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Quote from: DarkStar_ on April 01, 2019, 01:05:47 AM

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2019-April/016811.html

Sounds like a great soft fork. I hope it gets accepted

Quote from: Luke Dashjr

==Motivation== Certain parts of the community have been selling bitcoins for unreasonably low prices. This has halted Bitcoin's valuation at $20k and even driven the price down below $15k! However, clearly Bitcoin is worth much more than that, and there is widespread support for higher prices. bip-usdprice defines a new field to indicate the price of transactions. Using this, we can softfork to require a minimum transaction price. ==Specification== Beginning with block height 622370 (expected approximately 2020 April 1), a block is reject as invalid unless all transactions it contains both declare a USD/BTC price (as defined in bip-usdprice) and specify a price that is at a minimum $50k USD/BTC. ==Backwards compatibility== As a soft fork, older nodes will continue to accept the blockchain without modification. Non-upgraded nodes, however, will not validate the minimum price requirement, and may accept invalid blocks if miners choose to make them. Since transactions not declaring a price are at this time still common-place, the softfork activation has been set a full year into the future to ensure time to upgrade both nodes and wallet software. https://github.com/luke-jr/bitcoin/compare/usd_price_tx_field...softfork_50k

This is another great Luke-jr contribution! Where are my 300k blocks?

ePesoInitiative

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Quote from: elda34b on April 01, 2019, 05:30:55 AM

More April fools joke. Interesting. I even read a fake article stating that ETF got approved today. April fool is certainly an interesting day for crypto.

Frankly, it's disturbing. I read that article from my GApp News app. It must be quite confusing at first for the non-crypto folks or the newbies. I wouldn't be surprised if a dumb whale actually panic bought the news (err, fake news).

elda34b

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More April fools joke. Interesting. I even read a fake article stating that ETF got approved today. April fool is certainly an interesting day for crypto.

DarkStar_

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https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2019-April/016811.html

Sounds like a great soft fork. I hope it gets accepted

edit: April fools!

Topic: New BIP by Luke Dashjr: Softfork proposal for minimum price of $50k USD/BTC (Read 292 times)