This is a great proposal. This gets over the problem that even if consensus (say 75%) is reached how do we ensure transactions are not lost before everyone (100%) has upgraded or risk being on a losing chain forever.

Under this proposal we no longer need as much as 75%, 55% would probably do and the rest can safely upgrade with all transactions ending up on the winning chain because, by the time we reach 55%, we will know which chain will win.  

I've always been certain Szabo is Satoshi but even more convinced after hearing the pod-cast. He seems to go out of his way to refer to Satoshi in the third person. Also the fact that no-one really knows much about Szabo shows that here is an individual who is very careful about protecting his identity. I think also that Andreas knows that he is Satoshi - he's almost referential in his questions to Szabo.  

I like BIP1xx but don't think we should double or half the blocksize in one go. Maybe consider plus or minus 20% in one go so there is not so much of a sudden change.

It's not a huge problem now but imagine (maybe somewhat in the future) you paid for something in a shop of a significant value (say $100) in bitcoin and the vendor required one confirmation for payment to be accepted. Waiting 10 minutes wouldn't be a problem  but 1 hour or more would start to be really inconvenient. You could also find that so many transactions had built up during that hour that your transaction would be delayed by a block or two (even with a miners fee).

If bitcoin wants to replace existing payment structures then we want to think of ways we can avoid these delays even if they are occasional.

3 days ago there were 2 long waits within a 2 hour period

364834   11/07/2015 09:14
364835   11/07/2015 10:03
364836   11/07/2015 10:06
364837   11/07/2015 10:09
364838   11/07/2015 10:16
364839   11/07/2015 11:08

Every 3 days (on average) a block will take more than an hour to solve. Although 10 minutes is the average, occasionally it could be much more than this.

An hour is a long time to wait for a single confirmation, especially if Bitcoin becomes widely adopted.

It might not happen very often but this doesn't mean it's acceptable - ( once every 3 years a block will takes more than 2 hours to solve! )

I guess it's hard to propose a solution to this but could the difficulty be reduced (temporarily) if a block has not been solved in say, 20 minutes?

I realize that time is a fuzzy concept in the Bitcoin network so this might fall down if the nodes can't agree on what actually is 20 minutes.

 

We await payment now...

"This is actually good news"

I've emailed Amazon, will be emailed again at 6,000, 7,000 etc

250 left, the final push.

The biggest shop on the Internet should really be using the Internet Currency by now.

.....or be left behind! 

The price started to rise culminating one month later with the price at 1147

(Doesn't mean it will happen this year though....)
 
03 November 2013   207.6335
04 November 2013   225.196
05 November 2013   239.29
06 November 2013   253.6933
07 November 2013   283.3023
08 November 2013   323.767
09 November 2013   336.1358
10 November 2013   311.9005
11 November 2013   332.6263
12 November 2013   349.3425
13 November 2013   393.2795
14 November 2013   410.723
15 November 2013   409.1675
16 November 2013   428.8238
17 November 2013   476.295
18 November 2013   674.3768
19 November 2013   541.8257
20 November 2013   572.6675
21 November 2013   695.8668
22 November 2013   747.4818
23 November 2013   776.6998
24 November 2013   751.377
25 November 2013   778.6753
26 November 2013   899.2
27 November 2013   948.4088
28 November 2013   1037.755
29 November 2013   1120.3971
30 November 2013   1124.7631
01 December 2013   946.9237
02 December 2013   1038.3485
03 December 2013   1068.6675
04 December 2013   1147.2457

https://www.change.org/p/amazon-com-amazon-com-accept-bitcoin

please update this thread when you have signed

many thanks

_smudger_

266 now

275 to go!

So close!

Nearly there less than 300 now

Now only 316 to go!

628 to go!

Latest update 640 to go!

656 TO GO!