From mboxrd@z Thu Jan 1 00:00:00 1970 Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id D5E487AE for ; Sun, 23 Aug 2015 19:43:58 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-la0-f45.google.com (mail-la0-f45.google.com [209.85.215.45]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 0A59E263 for ; Sun, 23 Aug 2015 19:43:57 +0000 (UTC) Received: by lalv9 with SMTP id v9so65793229lal.0 for ; Sun, 23 Aug 2015 12:43:56 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20120113; h=mime-version:in-reply-to:references:from:date:message-id:subject:to :cc:content-type; bh=zJILCTXAtNY88LM91on1C7se9YUFZGST+DToPi4SvVA=; b=TzA0iIGjnZK50HOuOHGXV5BtoydjfeRr+vodC59fyP8Ip5JGNn9lizzmT9f6wNaKCX Agm5IjWR3JkjelsMKzAA5wIMuUE2U7YVx3eOD5I+A4cuHNYz3rzTAWwjK+mZWIL2BLcY +Yot2m5Ihmje3Kj597LZp4zeYtItg74JoFvPUODpLBrvY3AaPyrRZ9l0g2sbX3x0wb6N Y/ZpxPwdqo64kDxsxElUP2qg8pjm97BcdvBn+26ClUZYtwTxkOHfy/Xc3MkD37qruLXR oMBhLGi3hDvuYB1hpX99W3E2RkxtVMuapDMaa1yTTZ+H0HyTWDxNyvVXcTL/9U8XV9Uh icpw== X-Received: by 10.112.148.130 with SMTP id ts2mr16950828lbb.17.1440359036083; Sun, 23 Aug 2015 12:43:56 -0700 (PDT) MIME-Version: 1.0 Received: by 10.25.22.25 with HTTP; Sun, 23 Aug 2015 12:43:36 -0700 (PDT) In-Reply-To: <8e1f634bb21c57090351bf02360add12@xbt.hk> References: <8e1f634bb21c57090351bf02360add12@xbt.hk> From: Hector Chu Date: Sun, 23 Aug 2015 20:43:36 +0100 Message-ID: To: jl2012@xbt.hk Content-Type: text/plain; charset=UTF-8 X-Spam-Status: No, score=-2.7 required=5.0 tests=BAYES_00,DKIM_SIGNED, DKIM_VALID, DKIM_VALID_AU, FREEMAIL_FROM, 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 Cc: Bitcoin Dev Subject: Re: [bitcoin-dev] Encouraging mining of the first few big blocks with OP_CSV and BIP68 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: Sun, 23 Aug 2015 19:43:59 -0000 That guy is going to easily make back his 150 BTC with interest, if he is short BTC. Should be a clear signal for the market to trend lower, probably below $180 by the time of the test. On 23 August 2015 at 19:08, jl2012 via bitcoin-dev wrote: > Someone is going to burn 150BTC to create a backlog of 30-day in September. > https://www.reddit.com/r/Bitcoin/comments/3hgke4/coinwallet_says_bitcoin_stress_test_in_september/ > However, the money could be spent more wisely by encouraging mining of the > first few big blocks > > Assumptions: > 1. OP_CSV and BIP68 are enabled > 2. Max tx size remains 1MB > > The donor will create a transaction, with an input of 150BTC, and 10 > outputs: > 1. 0 BTC to "OP_RETURN " > 2. 42 BTC to "OP_1 OP_CSV" > 3. 21 BTC to "OP_2 OP_CSV" > 4. 10.5 BTC to "OP_3 OP_CSV" > 5. 5.25 BTC to "OP_4 OP_CSV" > 6. 2.625 BTC to "OP_5 OP_CSV" > 7. 1.3125 BTC to "OP_6 OP_CSV" > 8. 0.65625 BTC to "OP_7 OP_CSV" > 9. 0.328125 BTC to "OP_8 OP_CSV" > 10. 0.328125 BTC to "OP_9 OP_CSV" > > The first output will fill up the size to 1MB. > > This tx could not be confirmed by a pre-hardfork miner because the coinbase > tx will consume some block space. The first big block miner will be able to > collect 66BTC of fee. The block confirming the first big block will collect > 42BTC of fee, etc. This will create a long enough chain to bootstrap the > hardfork. > > The amount is chosen to make sure the difference is <25BTC, so miners would > have less incentive to create a fork instead of confirming other's block. > However, a miner cartel may launch a 51% attack to collect all money. Such > incentive may be reduced by adjusting the distribution of donation. > (Actually, such cartel may be formed anytime, just for collecting more block > reward) > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev@lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev