I'm lost. Include every quote for context please.
My bad, i did that because many users often complain about "pyramid quote"
I'm lost. Include every quote for context please.
But for you, you said that you would like OP's idea depending on the "ideology". What about technically?
It's vague question.
Technically it's possible, but personally i wouldn't support the idea for Bitcoin.
I'm too stupid to know which ideas are viable or not. But if you ask me, the risks taken might not be worth the outcome.
gmaxwell, achow, comments?
But just for clarification, what is "3+ orders of magnitude"? 3 times more?
https://github.com/mechanikalk/bips/blob/master/bip-%3F%3F%3F%3F.mediawiki
BlockReduce presents a new blockchain topology that offers 3+ orders of magnitude improvement in transaction throughput while avoiding the introduction of hierarchical power structures and centralization.
I've read the paper and it certainly seems feasible. You can compare it to using mapreduce in a blockchain context. Of course the attack vector would increase but that's just how it is with complex cryptographic protocols - it's not something a few security audits and a team of smart engineers can't fix (and a testnet obviously). I don't think Bitcoin would take it on though because the changes would be too dramatic for the developers and the miners to accept - this probably needs to be a separate project unfortunately.