Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id 5B82C11C5 for ; Mon, 14 Sep 2015 01:47:07 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-ig0-f170.google.com (mail-ig0-f170.google.com [209.85.213.170]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 0245363 for ; Mon, 14 Sep 2015 01:47:06 +0000 (UTC) Received: by igbkq10 with SMTP id kq10so76761528igb.0 for ; Sun, 13 Sep 2015 18:47:06 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20120113; h=mime-version:from:date:message-id:subject:to:content-type; bh=ltBS2T1FOhhTuhF4KjVKJM5e7Lbhfz1KIZSiJ5qVRGI=; b=o2fYd0+3OdRYFKMWYoMj0zL2o7Ag2X+kx1iCY1DSsCNooyVGF3YqG965wbX4iqnyzQ o3W8VllPZr5pa1beD3a+EJVLrMBSu/vyxWtI+5CtC/uQtMl8S8JHIumuLYbwg14Ps24Z o3ki36ogIUbvgSpu40x2CxAAov66LZHCzwNiEiSE6WmD/NWl5Ej+2H9gVNADHWZdfVe/ fhqM8badHLeVY2Pgd/RjcGg4plD8RxKa0zD9/Hkb/o3hKn07lFiWDodp2Mw6gBCQBmpO tv0e/ZjNHsTMVLC8nV8EDyn3c10xWQ6U0Bq9Eq6kbZ2e7+VQy+58PRMEXWe1h0vxH5wQ Nkyg== X-Received: by 10.50.43.202 with SMTP id y10mr13121173igl.86.1442195226437; Sun, 13 Sep 2015 18:47:06 -0700 (PDT) MIME-Version: 1.0 From: Jason Livesay Date: Mon, 14 Sep 2015 01:46:57 +0000 Message-ID: To: bitcoin-dev@lists.linuxfoundation.org Content-Type: multipart/alternative; boundary=089e011604ba2b3002051fab3ea9 X-Spam-Status: No, score=-2.7 required=5.0 tests=BAYES_00,DKIM_SIGNED, DKIM_VALID,DKIM_VALID_AU,FREEMAIL_FROM,HTML_MESSAGE,RCVD_IN_DNSWL_LOW autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Subject: [bitcoin-dev] Quick Bitcoin/Pre-Christmas modest blocksize max increase X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Development Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Mon, 14 Sep 2015 01:47:07 -0000 --089e011604ba2b3002051fab3ea9 Content-Type: text/plain; charset=UTF-8 After studying the issues I believe that the situation warrants a short-term modest blockchain increase. Somewhere between 2mb-5mb, whatever the community will swallow. I recommend that happen before the winter shopping rush. Then, because of the fundamental technical limitations of scaling, a new system needs to be adopted for fast transactions. To maintain momentum etc., the new system ultimately settles with traditional bitcoins. In order to keep the existing brand momentum, network, and business investment, I believe the smoothest path forward is to build a new, additional system re-using the bitcoin name. I suggest this new system come packaged with the bitcoin core client and be referred to as QuickBitcoin or qbtc or something similar. As far as the public is concerned it could simply continue to be called bitcoin. The system will work on top of traditional bitcoins but have a mechanism for more/faster transactions. Exactly what mechanism doesn't have to be perfect, it just needs to be reasonably secure/useful and something that the community will accept. I believe this is the best way to scale bitcoin while maintaining the strength of its existing network, community, and branding. --089e011604ba2b3002051fab3ea9 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable

After studying the issues I believe that the situation warra= nts a short-term modest blockchain increase.=C2=A0 Somewhere between 2mb-5m= b, whatever the community will swallow.=C2=A0 I recommend that happen befor= e the winter shopping rush.

Then, because of the fundamental technical limitations of sc= aling, a new system needs to be adopted for fast transactions.=C2=A0 To mai= ntain momentum etc., the new system ultimately settles with traditional bit= coins.

In order to keep the existing brand momentum, network, and b= usiness investment, I believe the smoothest path forward is to build a new,= additional system re-using the bitcoin name.=C2=A0 I suggest this new syst= em come packaged with the bitcoin core client and be referred to as QuickBi= tcoin or qbtc or something similar.=C2=A0 As far as the public is concerned= it could simply continue to be called bitcoin.=C2=A0 The system will work = on top of traditional bitcoins but have a mechanism for more/faster transac= tions.=C2=A0 Exactly what mechanism doesn't have to be perfect, it just= needs to be reasonably secure/useful and something that the community will= accept.

I believe this is the best way to scale bitcoin while mainta= ining the strength of its existing network,=C2=A0 community, and branding.<= br>

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