Post
Topic
Board Speculation
Re: Is Fear About The Potential Impact of BIP 16/17 Suppressing Bitcoin Prices?
by
bittenbob
on 31/01/2012, 23:46:09 UTC
Can you explain to me what theymos' proposal is?

Sure. Here's genjix's take: Cathartic Progress

Although that point seems moot now that Deepbit is coming over:

I am trusting that Tycho will wait for us to all calm down, eventually review this thread, determine that the consensus is clearly with Gavin, and run with it.
Looks like I have to remind one of my points:
  • I don't think that there is any chance of BIP17 winning because it's not supported by any major force besides Eligius (sorry, luke)

I like the fact that it doesn't uses magic cases and serialized form, but it may have drawbacks too. Also, I expect most people to be disappointed if I choose BIP17.
So I'll repeat: I don't think that there is any serious competition between BIP16 and BIP17. The only question is WHEN BIP16 will be adopted (if no other proposals appear soon).

I would immediately support any plain multisig scheme or sane long-address multisig TX proposal as possible first-stage on our way to P2SH to allow people play with it and get more time for preparing P2SH deployment.

My concern is that anonymous votes could be faked or hacked. I do like his proposal other than that however.