Introducing BIP100, The Dynamic Block Size From 1MB to 9MB By Miner Vote (The Cryptoverse #295)
Voting for BIP100 begins shortly according to Coin Dance. BIP100 proposes that miners vote on block size changes every 2016 blocks.
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Postalgia to become the first ICO on Ethereum Classic 1:45
BIP100 proposal a dynamic block size 4:08
How to support me 10:56
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Sources:
Postalgia project:
http://postalgia.co/ico.php
Coin dance proposal vote tracker:
https://coin.dance/blocks
GitHub article on BIP100:
https://github.com/jgarzik/bip100/blob/master/bip-0100.mediawiki
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Thanks for all your hard work Chris, great show as always!
Brilliant
Why do I feel uncomfortable with this BIP100? I'm trying to understand what rationale the miners would have assuming they are interested in making the most profit. Does this "solution" really ease transaction fees and timing? How are the users impacted? I want low transaction feew quickly for micro transactions. Does this do it?
Miners know that if Bitcoin doesn't scale users will flee and the price will drop, thereby destroying their business. However as long as Bitcoin keeps increasing in value, and as long as people pay the transaction fees, it's hard to see their incentive.
Thanks for all his information very useful for beginners like me. Good job
great content for beginners . thanks
Another great video!
upvoted, thanks for what you are doing ☺