From: Matthew Beton <matthew.beton@gmail.com>
To: bitcoin-dev@lists.linuxfoundation.org
Subject: Re: [bitcoin-dev] UTXO growth scaling solution proposal
Date: Tue, 22 Aug 2017 08:19:26 +0000 [thread overview]
Message-ID: <CALKSEdq0CUKPY2u+WfAaWtg5nXYKCJzRnDbU2iMs8PQQSpPDGA@mail.gmail.com> (raw)
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Okay so I quite like this idea. If we start removing at height 630000 or
840000 (gives us 4-8 years to develop this solution), it stays nice and
neat with the halving interval. We can look at this like so:
B - the current block number
P - how many blocks behind current the coin burning block is. (630000,
840000, or otherwise.)
Every time we mine a new block, we go to block (B-P), and check for stale
coins. These coins get burnt up and pooled into block B's miner fees. This
keeps the mining rewards up in the long term, people are less likely to
stop mining due to too low fees. It also encourages people to keep moving
their money around the enconomy instead of just hording and leaving it.
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next reply other threads:[~2017-08-22 8:19 UTC|newest]
Thread overview: 24+ messages / expand[flat|nested] mbox.gz Atom feed top
2017-08-22 8:19 Matthew Beton [this message]
2017-08-22 13:45 ` [bitcoin-dev] UTXO growth scaling solution proposal Chris Riley
2017-08-22 14:04 ` Matthew Beton
2017-08-22 14:29 ` Erik Aronesty
2017-08-22 17:24 ` Thomas Guyot-Sionnest
2017-08-22 17:33 ` Matthew Beton
2017-08-22 18:55 ` Chris Riley
2017-08-22 20:06 ` Erik Aronesty
2017-08-22 20:20 ` Mark Friedenbach
-- strict thread matches above, loose matches on Subject: below --
2017-08-22 22:58 Rodney Morris
2017-08-22 23:29 ` Thomas Guyot-Sionnest
2017-08-23 3:26 ` Mark Friedenbach
2017-08-22 22:17 Daniele Pinna
2017-08-22 23:27 ` Thomas Guyot-Sionnest
2017-07-21 19:28 Major Kusanagi
2017-07-21 19:52 ` Jeremy
2017-07-21 19:54 ` Jameson Lopp
2017-07-22 6:43 ` Major Kusanagi
2017-07-21 19:59 ` Lucas Clemente Vella
2017-07-21 20:17 ` Moral Agent
2017-07-22 6:45 ` Major Kusanagi
2017-08-21 13:35 ` Thomas Guyot-Sionnest
2017-08-21 14:26 ` Moral Agent
2017-08-21 17:24 ` Erik Aronesty
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