Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
We need a proof of work change. How low do you think that will drop us?
Something less drastic could also work. Something that wouldn't fck up the "good guys" as much. I'm thinking along the lines of a coinbase penalty depending on mempool size - or something proportional to the average fee of transactions left in the mempool. The main problem I see with such a fix is that it would require a fork. Would a soft fork do? I doubt it, mainly because of the problems with non-upgraded clients.Won't we have to hard fork for replay protection anyway? (Total noob question.)
Such a coinbase penalty would be messing with the inflation schedule. Also, the mempool is not consistent across nodes. A freshly broadcast transaction may not be visible to everyone. So, we would need mempool commitments. Something like a blockchain could work for that
.You guys really crack me up with these "we need to do this or that" pontifications. As if anyone here is even remotely involved in the development of Bitcoin.
But by all means, go forth and make it happen!
