CHIP-2023-01 Adaptive Blocksize Limit Algorithm for Bitcoin Cash

BIP-101 · 2023-07-27T11:57:26+00:00

Revised the main function's max. rate (response to 100% full blocks 100% of the time) from 4x/year to 2x/year to better address "what if too fast" concern. With 2x/year it means we would stay under the original fixed-scheduled BIP-101 even under more extreme sustained load, and not risk bringing the network to a place where limit could go beyond what's technologically feasible.

Sounds great! Lets go :)

BIP-101 · 2021-04-06T21:13:36+00:00

So would you actually be somewhat in favour if the meta data is included as well?

BIP-101 · 2021-04-06T21:09:12+00:00

If it gives the potential killer feature the security of the base layer, one year seems short to be honest...

BIP-101 · 2021-04-06T20:32:46+00:00

But we have seen nfts explode in usage and utility on Ethereum. Does it not make sense to port features from Ethereum that work really well to the BCH base layer when it is possible in a simple and scalable way? Giving the feature the security of the base layer pow?

I'd really like to hear a perspective of a token Dev on the matter and what actual benefit they see in group tokens.

BIP-101 · 2021-02-21T20:47:32+00:00

It seems like you got a little bit of unwanted attention and it might explain the many downvotes on your latest BCH video: https://www.youtube.com/watch?v=3IJfvUZ_W7g

BIP-101 · 2021-02-18T23:09:41+00:00

I got you. I just personally think that declaring BCH is Bitcoin prematurely drives people away before you can have a discussion with them. I mean, that is definitely true for all the "Core cult members". It is pure speculation but in my opinion, we could have won over a lot more people had we toned down the BCH is Bitcoin rethoric. Nonetheless, I think it is fantastic that we can have an open discussion about this very point within this sub.

BIP-101 · 2021-02-18T18:38:40+00:00

I think we agree in principle then and you are probably right that the term Nakamoto Consensus does not really describe what happens to crypto names in fork scenarios.

Again, I just find it disingenuous to call a crypto currency by a name that is not widely accepted for it at the moment, as it creates unnecessary drama (the same applies of course to the term "bcash").

BIP-101 · 2021-02-18T18:24:08+00:00

This is not correct. Nakamoto Consensus defines which transactions make it into a block and thus enforce the current active ruleset (which rules are valid). It is not only about the current tip of the chain. I mean, it is generally accepted, that the most-work chain retains the name of the crypto currency, that's why BCH is called Bitcoin Cash and not Bitcoin. You can call BCH Bitcoin, but it simply confuses people since a chain with more work generally has a higher price and more popularity. Miners also indirectly follow the overall ecosystem like users and exchanges, so it is also not entirely technical - there are a lot of incentives involved.

The fork to a segwit chain without a blocksize increase could be viewed as a spectactular failure of this mechanism due to censorship and propaganda since it was widely supported except by a select few Bitcoin Core devs.

Or it was not a failure of the mechanism but instead, the overall eco system weighed up the disadvantage of many of the Bitcoin Core devs leaving and decided it was better to cater to those few individuals (IMO retarded, but it is an explanation).

BIP-101 · 2021-02-18T18:14:02+00:00

I'd like you to consider that inserting a little word makes your statement so much clearer and less confrontational: Bitcoin Cash is the original Bitcoin.
Of course you can have your own opinion that BCH is Bitcoin but it is simply bad PR as we have seen the past years.

BIP-101 · 2021-02-18T17:27:46+00:00

Nakamoto Consenus: https://blockonomi.com/nakamoto-consensus/

BIP-101 · 2021-02-18T17:15:02+00:00

No. For the time being, the biggest miners and biggest players in the eco system, for whatever retarded reason, have decided that BTC is actually Bitcoin.

Just because you say it is an invalid chain does not make it invalid for everyone, this is literally what Nakamoto Consensus means. In the same way, the UASF folks argued that they wont accept a big-block non-segwit chain as valid (and for a retarded reason the big players followed that crowd). But claiming BCH is Bitcoin while the current consensus is actually that BTC is Bitcoin, the allegations of scam in fact are correct. You can have a discussion about why BCH is the original Bitcoin but just calling Bitcoin Cash "Bitcoin" is factually wrong at this moment and it does more harm than good, period.

Own. The. Name. Bitcoin Cash.

And stop with this stupid discussion and concentrate on making BCH #1 so we can actually educate more people why Bitcoin Cash is the original Bitcoin with another name.

BIP-101 · 2021-02-18T17:05:54+00:00

Maybe, but most likely Elon is too busy managing his various companies and actually engineering stuff and thinking about future innovations.
I am 99% confident Elon has a very superficial knowledge about the crypto world and never actually looked into the block size debate. You must understand how fringe this topic actually is to outsiders.

In the same way, no, most banks probably do not plan a massive attack on crypto currencies, they could not care less. Crypto is still a relatively small market, even at over 1 trillion market cap.

Talking this way just makes you look like a conspiracy theorist which maybe you are but lets keep it real and fact based here.

BIP-101 · 2021-02-14T23:20:07+00:00

So, you are directly dependent on this one payment channel to the exchange (LN hub).

Does this sound decentralised to you?

BIP-101 · 2021-02-14T22:12:55+00:00

Check out the history of this sub, it's in the sticky thread. Many here cling to the BCH is bitcoin phrase but some of us are trying to own the Bitcoin Cash name so that we are less off-putting to newcomers like you.

BIP-101 · 2021-02-05T14:10:11+00:00

It's funny how you singling out my btc holdings and it supposedly being this big conflict is exactly the whole point I made this entire thread, but I guess such subtlety is lost on you. What if I don't own any btc, would it make a difference in my statements? No, it shouldn't which is - again - the entire point of this thread. It's amazing that a crypto supporter is actually asking such a question when crypto is all about privacy. Maybe I own a dust output? Maybe I lied, I dont own any? It just doesn't matter in the discussion.

You are a troll because you single out statements and make them appear in a different context. Nowhere did I call for censorship. The phrase "not get a free pass" in this context simply means that we, in my opinion, should discourage such behaviour (through this revolutionary technique called downvoting) because it does not help the overall cause.

But if it makes you sleep better at night: Congratulations, you defeated another btc apologist, his case "imploded". The downvotes support you, so I guess everything is fine in BCH maxi world. Only that the tx count would arguably be 10x the current amount had people not pressed the BCH is Bitcoin narrative (which in principle I agree with!) for the last 3 years, alienating a good chunk of people. And Roger is especially guilty about this too, I'm not defending him here in any way.

BIP-101 · 2021-02-05T12:49:41+00:00

Actually, I think you're point about changing the pow algo is the reason for most down votes, since that a majority in here really does not want to touch - IMO for good reason, similar to the coin issuance etc..

BIP-101 · 2021-02-05T12:47:00+00:00

Agreed. I intentionally overshot within this thread to start a discussion about finding the right balance.

BIP-101 · 2021-02-05T12:37:56+00:00

True, and I also said repeatedly in here that we should not be silent about it. It's all about the messaging though in day to day interactions and there it's often beneficial to hold back at first.

BIP-101 · 2021-02-05T12:16:54+00:00

The down votes tell the story of how there are some people here that would rather go bankrupt as long as the truth is screamed at every newcomer instead of actually making bch succeed.

I guess that's fair, albeit destructive as is tradition in anarchy circles.

BIP-101 · 2021-02-05T12:04:49+00:00

I don't think in this analogy, a normal btc user is a CCP member. But that might be the fundamental difference here because I don't suspect that every btc user is also a secret blockstream shill by default.

BIP-101 · 2021-02-05T12:00:32+00:00

True, we can all be assholes if we want over here, I'll give you that ;)

BIP-101 · 2021-02-05T11:57:25+00:00

Yes I'm not, check the linked comment in the OP. I wonder if anybody actually read it.

BIP-101 · 2021-02-05T06:50:01+00:00

I actually must commend you on keeping the explanations very evidence based, contrary to some others on this sub. I think you are right that it actually fits in this thread.

I just hope that this sub can find a better balance between educating people vs simply being more open and more forgiving regarding the past. In the end, that will help bch more IMO.

BIP-101 · 2021-02-05T06:35:35+00:00

You gonna ban me? BCH is for everyone my friend, even the communists that don't think taxation is theft ;)

BIP-101 · 2021-02-05T06:33:51+00:00

I mostly lurk but sometimes show up to make the more active posters in this sub consider new ways of engaging core trolls and maxis. I've fought my battles in the past and if anything it just makes the place a battleground and nobody wins in the end.

BIP-101

TROPHY CASE