summaryrefslogtreecommitdiff
diff options
context:
space:
mode:
authorAndrew <onelineproof@gmail.com>2015-05-09 18:33:32 +0000
committerbitcoindev <bitcoindev@gnusha.org>2015-05-09 18:33:39 +0000
commit43c3dda72fa5c5523c55f13b2ab1995d1713ea08 (patch)
treeeb6b525e6f0c7acf7a99c485728258d0b5530771
parentf3d051b5dea7547e982b15fa686cc9c02d9312fa (diff)
downloadpi-bitcoindev-43c3dda72fa5c5523c55f13b2ab1995d1713ea08.tar.gz
pi-bitcoindev-43c3dda72fa5c5523c55f13b2ab1995d1713ea08.zip
Re: [Bitcoin-development] Block Size Increase
-rw-r--r--32/2a9346f5ea67d087b05df718f2c84409394569279
1 files changed, 279 insertions, 0 deletions
diff --git a/32/2a9346f5ea67d087b05df718f2c84409394569 b/32/2a9346f5ea67d087b05df718f2c84409394569
new file mode 100644
index 000000000..5d9047712
--- /dev/null
+++ b/32/2a9346f5ea67d087b05df718f2c84409394569
@@ -0,0 +1,279 @@
+Received: from sog-mx-2.v43.ch3.sourceforge.com ([172.29.43.192]
+ helo=mx.sourceforge.net)
+ by sfs-ml-4.v29.ch3.sourceforge.com with esmtp (Exim 4.76)
+ (envelope-from <akaramaoun@gmail.com>) id 1Yr9ZD-0004f9-G0
+ for bitcoin-development@lists.sourceforge.net;
+ Sat, 09 May 2015 18:33:39 +0000
+Received-SPF: pass (sog-mx-2.v43.ch3.sourceforge.com: domain of gmail.com
+ designates 209.85.213.178 as permitted sender)
+ client-ip=209.85.213.178; envelope-from=akaramaoun@gmail.com;
+ helo=mail-ig0-f178.google.com;
+Received: from mail-ig0-f178.google.com ([209.85.213.178])
+ by sog-mx-2.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128)
+ (Exim 4.76) id 1Yr9ZB-000264-TV
+ for bitcoin-development@lists.sourceforge.net;
+ Sat, 09 May 2015 18:33:39 +0000
+Received: by igbyr2 with SMTP id yr2so44086905igb.0
+ for <bitcoin-development@lists.sourceforge.net>;
+ Sat, 09 May 2015 11:33:32 -0700 (PDT)
+MIME-Version: 1.0
+X-Received: by 10.42.107.145 with SMTP id d17mr3806270icp.51.1431196412619;
+ Sat, 09 May 2015 11:33:32 -0700 (PDT)
+Sender: akaramaoun@gmail.com
+Received: by 10.64.20.229 with HTTP; Sat, 9 May 2015 11:33:32 -0700 (PDT)
+In-Reply-To: <554E035C.5090200@localhost.local>
+References: <554A91BE.6060105@bluematt.me>
+ <CANEZrP2zAGCCBhNa4=9yw+A_Dn5o4SQXoPTE_qcJzZ1dFuF2tw@mail.gmail.com>
+ <CABm2gDqd6iHRUDKZWWTudcC1QkYa+rCuHjz7pMC2K1Db8wpgfA@mail.gmail.com>
+ <CANEZrP1CU0kB0vXeXUX1L8byaT-Zf2xg+3N+GeNthi_i6bn1qw@mail.gmail.com>
+ <CABsx9T2Nxvr4fqREMw3_LXftzsxrUAR1+9sVMa8_EpTnH1nN1Q@mail.gmail.com>
+ <554BA032.4040405@bluematt.me>
+ <CANEZrP3yM9wsSPNgpOsXDk-DjUy5PW2XuRTvK2AyCNbVJ5hZHw@mail.gmail.com>
+ <CADJgMzti7ROH90APiwg4NOAT5+Av=4i295b8VN0sbSLr4+WWRw@mail.gmail.com>
+ <CANEZrP39jWHLF02z-81Z4+9X1vH5+hMuS=-3ED81=Q1o9U=DKw@mail.gmail.com>
+ <554BBDA2.7040508@gmail.com>
+ <CAJHLa0NcxOHkrtW2=-JgfsXQJkCO8Ym7icBwMx_2RsaWcPBnTw@mail.gmail.com>
+ <554CCF56.3000604@gmail.com>
+ <CAL8tG=kA7V5wuRB9ob9ue4XAwGpkhh_yO_-EWDkYstV0q4PR5A@mail.gmail.com>
+ <CALf2ePx-m+Of-kkWnUpVboiWxsnbTdWyT45eBAziJtbsL_P41Q@mail.gmail.com>
+ <CADZB0_bK+YsK8sN-di2pynvjsq5VjSvnEu0-cCGhPqFunyVm7Q@mail.gmail.com>
+ <CAL8tG=nu30RPgvHtz+uC+-+oi-Wf5OmSsQNYbngt4gaxsHHnyQ@mail.gmail.com>
+ <554E035C.5090200@localhost.local>
+Date: Sat, 9 May 2015 18:33:32 +0000
+X-Google-Sender-Auth: xmYEDGstsEkwRLNfu9hDXhOjZBI
+Message-ID: <CAL8tG=noRz+SJzbjZ5agDrE5sBSmXn9nojpHSseZSO+Oba1mUQ@mail.gmail.com>
+From: Andrew <onelineproof@gmail.com>
+To: Justus Ranvier <justusranvier@riseup.net>
+Content-Type: multipart/alternative; boundary=20cf301fb60dc72eac0515aa61fc
+X-Spam-Score: -0.6 (/)
+X-Spam-Report: Spam Filtering performed by mx.sourceforge.net.
+ See http://spamassassin.org/tag/ for more details.
+ -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for
+ sender-domain
+ 0.0 FREEMAIL_FROM Sender email is commonly abused enduser mail provider
+ (akaramaoun[at]gmail.com)
+ -0.0 SPF_PASS SPF: sender matches SPF record
+ 1.0 HTML_MESSAGE BODY: HTML included in message
+ -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from
+ author's domain
+ 0.1 DKIM_SIGNED Message has a DKIM or DK signature,
+ not necessarily valid
+ -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature
+X-Headers-End: 1Yr9ZB-000264-TV
+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] Block Size Increase
+X-BeenThere: bitcoin-development@lists.sourceforge.net
+X-Mailman-Version: 2.1.9
+Precedence: list
+List-Id: <bitcoin-development.lists.sourceforge.net>
+List-Unsubscribe: <https://lists.sourceforge.net/lists/listinfo/bitcoin-development>,
+ <mailto:bitcoin-development-request@lists.sourceforge.net?subject=unsubscribe>
+List-Archive: <http://sourceforge.net/mailarchive/forum.php?forum_name=bitcoin-development>
+List-Post: <mailto:bitcoin-development@lists.sourceforge.net>
+List-Help: <mailto:bitcoin-development-request@lists.sourceforge.net?subject=help>
+List-Subscribe: <https://lists.sourceforge.net/lists/listinfo/bitcoin-development>,
+ <mailto:bitcoin-development-request@lists.sourceforge.net?subject=subscribe>
+X-List-Received-Date: Sat, 09 May 2015 18:33:39 -0000
+
+--20cf301fb60dc72eac0515aa61fc
+Content-Type: text/plain; charset=UTF-8
+
+On Sat, May 9, 2015 at 12:53 PM, Justus Ranvier <justusranvier@riseup.net>
+wrote:
+
+> -----BEGIN PGP SIGNED MESSAGE-----
+> Hash: SHA1
+>
+> On 05/09/2015 02:02 PM, Andrew wrote:
+> > The nice thing about 1 MB is that you can store ALL bitcoin
+> > transactions relevant to your lifetime (~100 years) on one 5 TB
+> > hard drive (1*6*24*365*100=5256000). Any regular person can run a
+> > full node and store this 5 TB hard drive easily at their home. With
+> > 10 MB blocks you need a 50 TB drive just for your bitcoin
+> > transactions! This is not doable for most regular people due to
+> > space and monetary constraints. Being able to review all
+> > transactions relevant to your lifetime is one of the key important
+> > properties of Bitcoin. How else can people audit the financial
+> > transactions of companies and governments that are using the
+> > Bitcoin blockchain? How else can we achieve this level of
+> > transparency that is essential to keeping corrupt
+> > governments/companies in check? How else can we keep track of our
+> > own personal transactions without relying on others to keep track
+> > of them for us? As time passes, storage technology may increase,
+> > but so may human life expectancy. So yes, in this sense, 1 MB just
+> > may be the magic number.
+>
+> How many individuals and companies do you propose will ever use
+> Bitcoin (order of magnitude estimates are fine)
+>
+> Whatever number you select above, please describe approximately how
+> many lifetime Bitcoin transactions each individual and company will be
+> capable of performing with a 1 MB block size limit.
+>
+
+I would expect at least 10 billion people (directly or indirectly) to be
+using it at once for at least 100 years. But I think it's pointless to
+guess how many will use it, but rather make the system ready for 10 billion
+people. The point is that for small transactions, they will be done
+off-chain. The actual Bitcoin blockchain will only show very large
+transactions (such as a military purchasing a new space shuttle) or
+aggregate transactions (i.e. a transaction consisting of multiple smaller
+transactions done off-chain). There can also be multiple layers of chains
+creating a tree-like structure. Each chain above will validate the
+aggregate transactions of the chain below. You can think of the Bitcoin
+blockchain as the "hypervisor" that manages all the other chains. While
+your coffee purchase 4 days ago may not be directly visible within the
+Bitcoin blockchain (the main chain), you can trace it down the sequence of
+chains until you find it. Same with that fancy dinner your government MP
+paid for using public funds. You don't have to store a copy of all
+transactions that occurred for each chain in existence, but rather just the
+transactions for the chains that you use or are relevant to you.
+
+As you see, this kind of system is totally transparent to all users and
+totally flexible (you can choose your sub chains). The flexibility also
+allows you to have arbitrarily fast transactions (choose a chain or
+lightning channel attached to that chain that supports it), and you can
+enjoy a wide variety of features from other chains, like using one chain
+that is known to have good anonymity properties.
+
+
+> -----BEGIN PGP SIGNATURE-----
+>
+> iQIcBAEBAgAGBQJVTgNcAAoJECpf2nDq2eYjM8AP/2kwSF+HMPR1KdaZsATL4rog
+> xSS97Q5iEX8StA61jUqHQmpXL5pG6z5DeeKT/liwcMnYnVqOEOLvoVctr3gXfgRz
+> 9GJeTOlmN5l9xBeX/nWa0A2ql0kWZpYolBS1FwYadWReAD8R0X9UeBd9YXLZNy33
+> Ow9JjwRjKHhsuyrlMP8pRDKlGPoa/U+2aW4FwiysMLa0Gu6dbFjTrp3bHw4Fccpi
+> X0E/aDN68U4FV+lZ4NzkMsBK9VARzmC8KI0DQ540pqfkcnyoYf0VERl/gslPWhfq
+> t6Rqa7vHHMqFe82lgCd3ji8Qhsz8oBrDS4u4jqwATvgihgImOB6K85JoKmf3y2JS
+> jByjMGd4Ep0F80Z2MRhi6HuEoRU69uY2u6l9bZxMjzvLX8sG6QTNk3uLMS3ARXcY
+> JBjZ/g13DXgcRj01fq05CHbCTJYZgTA9pRZTY+ZKH4r0mu86b9ua7hjvyKHS6q54
+> uaFmRkNcnKlpCY+fvH/JUdvvmwrA0ETUdHhRyk8vzWIMi+aH4//GwrCmBNRrugzv
+> 9JtQ1BC+tQqtSX2VkFEhAVISitgkBqurVVlGk18FvVKPFO8cnFS/6NWoPE0WLLzW
+> 2pTuhEPjdz9UAHD3RW601rb4C0LbuwVlGO4tYBjyqCmk/vBlES2XIjQKctXZLBEy
+> eLgn3gMwEXUTU6UdGyvb
+> =RPhK
+> -----END PGP SIGNATURE-----
+>
+>
+> ------------------------------------------------------------------------------
+> One dashboard for servers and applications across Physical-Virtual-Cloud
+> Widest out-of-the-box monitoring support with 50+ applications
+> Performance metrics, stats and reports that give you Actionable Insights
+> Deep dive visibility with transaction tracing using APM Insight.
+> http://ad.doubleclick.net/ddm/clk/290420510;117567292;y
+> _______________________________________________
+> Bitcoin-development mailing list
+> Bitcoin-development@lists.sourceforge.net
+> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
+>
+>
+
+
+--
+PGP: B6AC 822C 451D 6304 6A28 49E9 7DB7 011C D53B 5647
+
+--20cf301fb60dc72eac0515aa61fc
+Content-Type: text/html; charset=UTF-8
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"ltr"><br><div class=3D"gmail_extra"><br><div class=3D"gmail_quo=
+te">On Sat, May 9, 2015 at 12:53 PM, Justus Ranvier <span dir=3D"ltr">&lt;<=
+a href=3D"mailto:justusranvier@riseup.net" target=3D"_blank">justusranvier@=
+riseup.net</a>&gt;</span> wrote:<br><blockquote class=3D"gmail_quote" style=
+=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><span cl=
+ass=3D"">-----BEGIN PGP SIGNED MESSAGE-----<br>
+Hash: SHA1<br>
+<br>
+</span><span class=3D"">On 05/09/2015 02:02 PM, Andrew wrote:<br>
+&gt; The nice thing about 1 MB is that you can store ALL bitcoin<br>
+&gt; transactions relevant to your lifetime (~100 years) on one 5 TB<br>
+&gt; hard drive (1*6*24*365*100=3D5256000). Any regular person can run a<br=
+>
+&gt; full node and store this 5 TB hard drive easily at their home. With<br=
+>
+&gt; 10 MB blocks you need a 50 TB drive just for your bitcoin<br>
+&gt; transactions! This is not doable for most regular people due to<br>
+&gt; space and monetary constraints. Being able to review all<br>
+&gt; transactions relevant to your lifetime is one of the key important<br>
+&gt; properties of Bitcoin. How else can people audit the financial<br>
+&gt; transactions of companies and governments that are using the<br>
+&gt; Bitcoin blockchain? How else can we achieve this level of<br>
+&gt; transparency that is essential to keeping corrupt<br>
+&gt; governments/companies in check? How else can we keep track of our<br>
+&gt; own personal transactions without relying on others to keep track<br>
+&gt; of them for us? As time passes, storage technology may increase,<br>
+&gt; but so may human life expectancy. So yes, in this sense, 1 MB just<br>
+&gt; may be the magic number.<br>
+<br>
+</span>How many individuals and companies do you propose will ever use<br>
+Bitcoin (order of magnitude estimates are fine)<br>
+<br>
+Whatever number you select above, please describe approximately how<br>
+many lifetime Bitcoin transactions each individual and company will be<br>
+capable of performing with a 1 MB block size limit.<br></blockquote><div><b=
+r></div><div>I would expect at least 10 billion people (directly or indirec=
+tly) to be using it at once for at least 100 years. But I think it&#39;s po=
+intless to guess how many will use it, but rather make the system ready for=
+ 10 billion people. The point is that for small transactions, they will be =
+done off-chain. The actual Bitcoin blockchain will only show very large tra=
+nsactions (such as a military purchasing a new space shuttle) or aggregate =
+transactions (i.e. a transaction consisting of multiple smaller transaction=
+s done off-chain). There can also be multiple layers of chains creating a t=
+ree-like structure. Each chain above will validate the aggregate transactio=
+ns of the chain below. You can think of the Bitcoin blockchain as the &quot=
+;hypervisor&quot; that manages all the other chains. While your coffee purc=
+hase 4 days ago may not be directly visible within the Bitcoin blockchain (=
+the main chain), you can trace it down the sequence of chains until you fin=
+d it. Same with that fancy dinner your government MP paid for using public =
+funds. You don&#39;t have to store a copy of all transactions that occurred=
+ for each chain in existence, but rather just the transactions for the chai=
+ns that you use or are relevant to you.<br><br></div><div>As you see, this =
+kind of system is totally transparent to all users and totally flexible (yo=
+u can choose your sub chains). The flexibility also allows you to have arbi=
+trarily fast transactions (choose a chain or lightning channel attached to =
+that chain that supports it), and you can enjoy a wide variety of features =
+from other chains, like using one chain that is known to have good anonymit=
+y properties.<br><br></div><blockquote class=3D"gmail_quote" style=3D"margi=
+n:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
+<br>
+-----BEGIN PGP SIGNATURE-----<br>
+<br>
+iQIcBAEBAgAGBQJVTgNcAAoJECpf2nDq2eYjM8AP/2kwSF+HMPR1KdaZsATL4rog<br>
+xSS97Q5iEX8StA61jUqHQmpXL5pG6z5DeeKT/liwcMnYnVqOEOLvoVctr3gXfgRz<br>
+9GJeTOlmN5l9xBeX/nWa0A2ql0kWZpYolBS1FwYadWReAD8R0X9UeBd9YXLZNy33<br>
+Ow9JjwRjKHhsuyrlMP8pRDKlGPoa/U+2aW4FwiysMLa0Gu6dbFjTrp3bHw4Fccpi<br>
+X0E/aDN68U4FV+lZ4NzkMsBK9VARzmC8KI0DQ540pqfkcnyoYf0VERl/gslPWhfq<br>
+t6Rqa7vHHMqFe82lgCd3ji8Qhsz8oBrDS4u4jqwATvgihgImOB6K85JoKmf3y2JS<br>
+jByjMGd4Ep0F80Z2MRhi6HuEoRU69uY2u6l9bZxMjzvLX8sG6QTNk3uLMS3ARXcY<br>
+JBjZ/g13DXgcRj01fq05CHbCTJYZgTA9pRZTY+ZKH4r0mu86b9ua7hjvyKHS6q54<br>
+uaFmRkNcnKlpCY+fvH/JUdvvmwrA0ETUdHhRyk8vzWIMi+aH4//GwrCmBNRrugzv<br>
+9JtQ1BC+tQqtSX2VkFEhAVISitgkBqurVVlGk18FvVKPFO8cnFS/6NWoPE0WLLzW<br>
+2pTuhEPjdz9UAHD3RW601rb4C0LbuwVlGO4tYBjyqCmk/vBlES2XIjQKctXZLBEy<br>
+eLgn3gMwEXUTU6UdGyvb<br>
+=3DRPhK<br>
+-----END PGP SIGNATURE-----<br>
+<br>-----------------------------------------------------------------------=
+-------<br>
+One dashboard for servers and applications across Physical-Virtual-Cloud<br=
+>
+Widest out-of-the-box monitoring support with 50+ applications<br>
+Performance metrics, stats and reports that give you Actionable Insights<br=
+>
+Deep dive visibility with transaction tracing using APM Insight.<br>
+<a href=3D"http://ad.doubleclick.net/ddm/clk/290420510;117567292;y" target=
+=3D"_blank">http://ad.doubleclick.net/ddm/clk/290420510;117567292;y</a><br>=
+_______________________________________________<br>
+Bitcoin-development mailing list<br>
+<a href=3D"mailto:Bitcoin-development@lists.sourceforge.net">Bitcoin-develo=
+pment@lists.sourceforge.net</a><br>
+<a href=3D"https://lists.sourceforge.net/lists/listinfo/bitcoin-development=
+" target=3D"_blank">https://lists.sourceforge.net/lists/listinfo/bitcoin-de=
+velopment</a><br>
+<br></blockquote></div><br><br clear=3D"all"><br>-- <br><div class=3D"gmail=
+_signature">PGP: B6AC 822C 451D 6304 6A28 =C2=A049E9 7DB7 011C D53B 5647</d=
+iv>
+</div></div>
+
+--20cf301fb60dc72eac0515aa61fc--
+
+