#bitcoin-wizards on 2020-03-11 — irc logs at freenode.irclog.whitequark.org

2015-10-30 00:53 sipa changed the topic of #bitcoin-wizards to: This channel is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development | http://bitcoin.ninja/ | This channel is logged. | For logs and more information, visit http://bitcoin.ninja

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15:52 <Chris_Stewart_5> waxwing: Did the podle stuff get a C implementation in secp256k1?

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17:30 <andytoshi> i don't think so

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17:43 <yanmaani> So I was thinking about mining incentives, and how it's hard to get the stability of constant inflation-based rewards with fees.

17:43 <yanmaani> And a solution which some have proposed is to somehow pool the block rewards. So each block solved you get say half of your block reward plus 1% of the pool; the other half goes into the pool.

17:44 <yanmaani> This obviously doesn't work, since miners can just charge fees out of band.

17:44 <yanmaani> But would it be possible to do something similar for block size? If the max block size is k, and you mine a block of size k - ε, you get ε "block size credits", like coloured coins.

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17:45 <yanmaani> You can then spend these whenever you want to temporarily up the block size. In a world of rational actors, this should enable the block size to scale very nicely with use, spiking e.g. around Christmas.

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