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Subject: [bitcoin-dev] BIP Proposal:
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/* I do not want to make anyone angry, this is sarcasm, if you are not =
interested, please stop here */
I would like to propose a block size algorithm based off the use of =
extra unneeded, unwanted data. I=E2=80=99m looking to see if anyone =
would be able to help me find potential flaws.
=3D=3DAbstract=3D=3D
This BIP proposes replacing the current static blocksize with a 2-part =
blocksize algorithm to decide on the blocksize balancing power between =
the miners and users. I propose an easy to implement solution for =
reaching consensus based on a number of factors (or variables as you =
programmy types like to call it).
Transaction volume and buzzword usage have been growing in a heavily =
correlated way for the past 6 years. If we were to base the blocksize =
on the usage of buzzwords, we could grow the blocksize at a reasonable =
rate to scale with demand.
I have outlined specifics at =
https://github.com/whitj00/bips/blob/master/bip-whit.mediawiki
Thanks,
Whit=
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