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The only blocktime reduction that would be a game changer, would be a 1
second blocktime or less, and by less I mean much less maybe 1000
blocks/second. Which would enable decentralized high frequency trading or
playing WoW on blockchain and other cool stuff.
But technology is not developped enough as far as I now, maybe with quantum
computers in the future, and it is even bitcoins goal?
Also there is a guy who wrote a script to avoid "sybil attack" from 2x
https://github.com/mariodian/ban-segshit8x-nodes
I don't know what it's worth, maybe check it out, I'm not huge support of
that kind of methods.
Ilansky
Le 20 oct. 2017 14:01, <bitcoin-dev-request@lists.linuxfoundation.org> a
=C3=A9crit :
> Send bitcoin-dev mailing list submissions to
> bitcoin-dev@lists.linuxfoundation.org
>
> To subscribe or unsubscribe via the World Wide Web, visit
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
> or, via email, send a message with subject or body 'help' to
> bitcoin-dev-request@lists.linuxfoundation.org
>
> You can reach the person managing the list at
> bitcoin-dev-owner@lists.linuxfoundation.org
>
> When replying, please edit your Subject line so it is more specific
> than "Re: Contents of bitcoin-dev digest..."
>
>
> Today's Topics:
>
> 1. Improving Scalability via Block Time Decrease (Jonathan Sterling)
> 2. Re: Improving Scalability via Block Time Decrease
> (=3D?UTF-8?Q?Ad=3Dc3=3Da1n_S=3Dc3=3Da1nchez_de_Pedro_Crespo?=3D)
>
>
> ----------------------------------------------------------------------
>
> Message: 1
> Date: Thu, 19 Oct 2017 14:52:48 +0800
> From: Jonathan Sterling <jon@thancodes.com>
> To: bitcoin-dev@lists.linuxfoundation.org
> Subject: [bitcoin-dev] Improving Scalability via Block Time Decrease
> Message-ID:
> <CAH01uEtLhLEj5XOp_MDRii2dR8-zUu4fUsCd25mzLDtpD_fwYQ@mail.
> gmail.com>
> Content-Type: text/plain; charset=3D"utf-8"
>
> The current ten-minute block time was chosen by Satoshi as a tradeoff
> between confirmation time and the amount of work wasted due to chain
> splits. Is there not room for optimization in this number from:
>
> A. Advances in technology in the last 8-9 years
> B. A lack of any rigorous formula being used to determine what's the
> optimal rate
> C. The existence of similar chains that work at a much lower block times
>
> Whilst I think we can all agree that 10 second block times would result i=
n
> a lot of chain splits due to Bitcoins 12-13 second propagation time (to 9=
5%
> of nodes), I think we'll find that we can go lower than 10 minutes withou=
t
> much issue. Is this something that should be looked at or am I an idiot w=
ho
> needs to read more? If I'm an idiot, I apologize; kindly point me in the
> right direction.
>
> Things I've read on the subject:
> https://medium.facilelogin.com/the-mystery-behind-block-time-63351e35603a
> (section header "Why Bitcoin Block Time Is 10 Minutes ?")
> https://bitcointalk.org/index.php?topic=3D176108.0
> https://bitcoin.stackexchange.com/questions/1863/why-was-
> the-target-block-time-chosen-to-be-10-minutes
>
> Kind Regards,
>
> Jonathan Sterling
> -------------- next part --------------
> An HTML attachment was scrubbed...
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> attachments/20171019/d940fd4e/attachment-0001.html>
>
> ------------------------------
>
> Message: 2
> Date: Thu, 19 Oct 2017 15:41:51 +0200
> From: "=3D?UTF-8?Q?Ad=3Dc3=3Da1n_S=3Dc3=3Da1nchez_de_Pedro_Crespo?=3D"
> <adan@stampery.co>
> To: bitcoin-dev@lists.linuxfoundation.org
> Subject: Re: [bitcoin-dev] Improving Scalability via Block Time
> Decrease
> Message-ID: <40b6ef7b-f518-38cd-899a-8f301bc7ac3a@stampery.com>
> Content-Type: text/plain; charset=3Dutf-8
>
> Blockchains with fast confirmation times are currently believed to
> suffer from reduced security due to a high stale rate.
>
> As blocks take a certain time to propagate through the network, if miner
> A mines a block and then miner B happens to mine another block before
> miner A's block propagates to B, miner B's block will end up wasted and
> will not "contribute to network security".
>
> Furthermore, there is a centralization issue: if miner A is a mining
> pool with 30% hashpower and B has 10% hashpower, A will have a risk of
> producing a stale block 70% of the time (since the other 30% of the time
> A produced the last block and so will get mining data immediately)
> whereas B will have a risk of producing a stale block 90% of the time.
>
> Thus, if the block interval is short enough for the stale rate
> to be high, A will be substantially more efficient simply by virtue of
> its size. With these two effects combined, blockchains which produce
> blocks quickly are very likely to lead to one mining pool having a large
> enough percentage of the network hashpower to have de facto control over
> the mining process.
>
> Another possible implication of reducing the average block time is that
> block size should be reduced accordingly. In an hypothetical 5 minutes
> block size Bitcoin blockchain, there would be twice the block space
> available for miners to include transactions, which could lead to 2
> immediate consequences: (1) the blockchain could grow up to twice the
> rate, which is known to be bad for decentralization; and (2) transaction
> fees might go down, making it cheaper for spammers to bloat our beloved
> UTXO sets.
>
> There have been numerous proposals that tried to overcome the downsides
> of faster blocks, the most noteworthy probably being the "Greedy
> Heaviest Observed Subtree" (GHOST) protocol:
> http://www.cs.huji.ac.il/~yoni_sompo/pubs/15/btc_scalability_full.pdf
>
> Personally, I can't see why Bitcoin would need or how could it even
> benefit at all from faster blocks. Nevertheless, I would really love if
> someone in the list who has already run the numbers could bring some
> valid points on why 10 minutes is the optimal rate (other than "if it
> ain't broke, don't fix it").
>
> --
> Ad?n S?nchez de Pedro Crespo
> CTO, Stampery Inc.
> San Francisco - Madrid
>
>
> ------------------------------
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
> End of bitcoin-dev Digest, Vol 29, Issue 24
> *******************************************
>
--94eb2c035dba1ac576055bfdbf92
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable
<div dir=3D"auto">The only blocktime reduction that would be a game changer=
, would be a 1 second blocktime or less, and by less I mean much less maybe=
1000 blocks/second. Which would enable decentralized high frequency tradin=
g or playing WoW on blockchain and other cool stuff.=C2=A0<div dir=3D"auto"=
><br></div><div dir=3D"auto">But technology is not developped enough as far=
as I now, maybe with quantum computers in the future, and it is even bitco=
ins goal?</div><div dir=3D"auto"><br></div><div dir=3D"auto">Also there is =
a guy who wrote a script to avoid "sybil attack" from 2x</div><di=
v dir=3D"auto"><a href=3D"https://github.com/mariodian/ban-segshit8x-nodes"=
>https://github.com/mariodian/ban-segshit8x-nodes</a><br></div><div dir=3D"=
auto"><br></div><div dir=3D"auto">I don't know what it's worth, may=
be check it out, I'm not huge support of that kind of methods.</div><di=
v dir=3D"auto"><br></div><div dir=3D"auto">Ilansky</div><div dir=3D"auto"><=
br></div></div><div class=3D"gmail_extra"><br><div class=3D"gmail_quote">Le=
=C2=A020 oct. 2017 14:01, <<a href=3D"mailto:bitcoin-dev-request@lists.=
linuxfoundation.org" target=3D"_blank">bitcoin-dev-request@lists.<wbr>linux=
foundation.org</a>> a =C3=A9crit=C2=A0:<br type=3D"attribution"><blockqu=
ote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc s=
olid;padding-left:1ex">Send bitcoin-dev mailing list submissions to<br>
=C2=A0 =C2=A0 =C2=A0 =C2=A0 <a href=3D"mailto:bitcoin-dev@lists.linuxfounda=
tion.org">bitcoin-dev@lists.<wbr>linuxfoundation.org</a><br>
<br>
To subscribe or unsubscribe via the World Wide Web, visit<br>
=C2=A0 =C2=A0 =C2=A0 =C2=A0 <a href=3D"https://lists.linuxfoundation.org/ma=
ilman/listinfo/bitcoin-dev" rel=3D"noreferrer" target=3D"_blank">https://li=
sts.linuxfoundation.<wbr>org/mailman/listinfo/bitcoin-<wbr>dev</a><br>
or, via email, send a message with subject or body 'help' to<br>
=C2=A0 =C2=A0 =C2=A0 =C2=A0 <a href=3D"mailto:bitcoin-dev-request@lists.lin=
uxfoundation.org">bitcoin-dev-request@lists.<wbr>linuxfoundation.org</a><br=
>
<br>
You can reach the person managing the list at<br>
=C2=A0 =C2=A0 =C2=A0 =C2=A0 <a href=3D"mailto:bitcoin-dev-owner@lists.linux=
foundation.org">bitcoin-dev-owner@lists.<wbr>linuxfoundation.org</a><br>
<br>
When replying, please edit your Subject line so it is more specific<br>
than "Re: Contents of bitcoin-dev digest..."<br>
<br>
<br>
Today's Topics:<br>
<br>
=C2=A0 =C2=A01. Improving Scalability via Block Time Decrease (Jonathan Ste=
rling)<br>
=C2=A0 =C2=A02. Re: Improving Scalability via Block Time Decrease<br>
=C2=A0 =C2=A0 =C2=A0 (=3D?UTF-8?Q?Ad=3Dc3=3Da1n_S=3Dc3=3D<wbr>a1nchez_de_Pe=
dro_Crespo?=3D)<br>
<br>
<br>
------------------------------<wbr>------------------------------<wbr>-----=
-----<br>
<br>
Message: 1<br>
Date: Thu, 19 Oct 2017 14:52:48 +0800<br>
From: Jonathan Sterling <<a href=3D"mailto:jon@thancodes.com">jon@thanco=
des.com</a>><br>
To: <a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@li=
sts.<wbr>linuxfoundation.org</a><br>
Subject: [bitcoin-dev] Improving Scalability via Block Time Decrease<br>
Message-ID:<br>
=C2=A0 =C2=A0 =C2=A0 =C2=A0 <<a href=3D"mailto:CAH01uEtLhLEj5XOp_MDRii2d=
R8-zUu4fUsCd25mzLDtpD_fwYQ@mail.gmail.com">CAH01uEtLhLEj5XOp_MDRii2dR8-<wbr=
>zUu4fUsCd25mzLDtpD_fwYQ@mail.<wbr>gmail.com</a>><br>
Content-Type: text/plain; charset=3D"utf-8"<br>
<br>
The current ten-minute block time was chosen by Satoshi as a tradeoff<br>
between confirmation time and the amount of work wasted due to chain<br>
splits. Is there not room for optimization in this number from:<br>
<br>
A. Advances in technology in the last 8-9 years<br>
B. A lack of any rigorous formula being used to determine what's the<br=
>
optimal rate<br>
C. The existence of similar chains that work at a much lower block times<br=
>
<br>
Whilst I think we can all agree that 10 second block times would result in<=
br>
a lot of chain splits due to Bitcoins 12-13 second propagation time (to 95%=
<br>
of nodes), I think we'll find that we can go lower than 10 minutes with=
out<br>
much issue. Is this something that should be looked at or am I an idiot who=
<br>
needs to read more? If I'm an idiot, I apologize; kindly point me in th=
e<br>
right direction.<br>
<br>
Things I've read on the subject:<br>
<a href=3D"https://medium.facilelogin.com/the-mystery-behind-block-time-633=
51e35603a" rel=3D"noreferrer" target=3D"_blank">https://medium.facilelogin.=
<wbr>com/the-mystery-behind-block-<wbr>time-63351e35603a</a><br>
(section header "Why Bitcoin Block Time Is 10 Minutes ?")<br>
<a href=3D"https://bitcointalk.org/index.php?topic=3D176108.0" rel=3D"noref=
errer" target=3D"_blank">https://bitcointalk.org/index.<wbr>php?topic=3D176=
108.0</a><br>
<a href=3D"https://bitcoin.stackexchange.com/questions/1863/why-was-the-tar=
get-block-time-chosen-to-be-10-minutes" rel=3D"noreferrer" target=3D"_blank=
">https://bitcoin.stackexchange.<wbr>com/questions/1863/why-was-<wbr>the-ta=
rget-block-time-chosen-<wbr>to-be-10-minutes</a><br>
<br>
Kind Regards,<br>
<br>
Jonathan Sterling<br>
-------------- next part --------------<br>
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<br>
------------------------------<br>
<br>
Message: 2<br>
Date: Thu, 19 Oct 2017 15:41:51 +0200<br>
From: "=3D?UTF-8?Q?Ad=3Dc3=3Da1n_S=3Dc3=3D<wbr>a1nchez_de_Pedro_Crespo=
?=3D"<br>
=C2=A0 =C2=A0 =C2=A0 =C2=A0 <<a href=3D"mailto:adan@stampery.co">adan@st=
ampery.co</a>><br>
To: <a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@li=
sts.<wbr>linuxfoundation.org</a><br>
Subject: Re: [bitcoin-dev] Improving Scalability via Block Time<br>
=C2=A0 =C2=A0 =C2=A0 =C2=A0 Decrease<br>
Message-ID: <<a href=3D"mailto:40b6ef7b-f518-38cd-899a-8f301bc7ac3a@stam=
pery.com">40b6ef7b-f518-38cd-899a-<wbr>8f301bc7ac3a@stampery.com</a>><br=
>
Content-Type: text/plain; charset=3Dutf-8<br>
<br>
Blockchains with fast confirmation times are currently believed to<br>
suffer from reduced security due to a high stale rate.<br>
<br>
As blocks take a certain time to propagate through the network, if miner<br=
>
A mines a block and then miner B happens to mine another block before<br>
miner A's block propagates to B, miner B's block will end up wasted=
and<br>
will not "contribute to network security".<br>
<br>
Furthermore, there is a centralization issue: if miner A is a mining<br>
pool with 30% hashpower and B has 10% hashpower, A will have a risk of<br>
producing a stale block 70% of the time (since the other 30% of the time<br=
>
A produced the last block and so will get mining data immediately)<br>
whereas B will have a risk of producing a stale block 90% of the time.<br>
<br>
Thus, if the block interval is short enough for the stale rate<br>
to be high, A will be substantially more efficient simply by virtue of<br>
its size. With these two effects combined, blockchains which produce<br>
blocks quickly are very likely to lead to one mining pool having a large<br=
>
enough percentage of the network hashpower to have de facto control over<br=
>
the mining process.<br>
<br>
Another possible implication of reducing the average block time is that<br>
block size should be reduced accordingly. In an hypothetical 5 minutes<br>
block size Bitcoin blockchain, there would be twice the block space<br>
available for miners to include transactions, which could lead to 2<br>
immediate consequences: (1) the blockchain could grow up to twice the<br>
rate, which is known to be bad for decentralization; and (2) transaction<br=
>
fees might go down, making it cheaper for spammers to bloat our beloved<br>
UTXO sets.<br>
<br>
There have been numerous proposals that tried to overcome the downsides<br>
of faster blocks, the most noteworthy probably being the "Greedy<br>
Heaviest Observed Subtree" (GHOST) protocol:<br>
<a href=3D"http://www.cs.huji.ac.il/~yoni_sompo/pubs/15/btc_scalability_ful=
l.pdf" rel=3D"noreferrer" target=3D"_blank">http://www.cs.huji.ac.il/~<wbr>=
yoni_sompo/pubs/15/btc_<wbr>scalability_full.pdf</a><br>
<br>
Personally, I can't see why Bitcoin would need or how could it even<br>
benefit at all from faster blocks. Nevertheless, I would really love if<br>
someone in the list who has already run the numbers could bring some<br>
valid points on why 10 minutes is the optimal rate (other than "if it<=
br>
ain't broke, don't fix it").<br>
<br>
--<br>
Ad?n S?nchez de Pedro Crespo<br>
CTO, Stampery Inc.<br>
San Francisco - Madrid<br>
<br>
<br>
------------------------------<br>
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<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
rel=3D"noreferrer" target=3D"_blank">https://lists.linuxfoundation.<wbr>org=
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<br>
<br>
End of bitcoin-dev Digest, Vol 29, Issue 24<br>
******************************<wbr>*************<br>
</blockquote></div></div>
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