In 2013, Bitcoin’s transactions volume did rise and the devs discussed to lift a 250 kilobyte soft fork. At this time, Gavin Andresen started to explore ideas how deal with block size limits in the long term. He proposed a floating block size to make sure that the limit grows with the demand. Peter Todd stepped in and warned of this idea: petertodd Peter Todd - Bitcoin Expert 15 points 16 points 17 points 3 years ago (22 children) Yeah, that's a code fuckup, not a fundemental issue with what they were doing. Fact is, done right, the strategy they were doing works and earns you more money, at the expense of making the security of Bitcoin worse for everyone else. Set nLockTime on wallet transactions (only, no RPC changes) such that they can only be mined by the next block, rather than a block orphaning the current best block. There are two reasons to do this, the first is the minor benefit that using nLockTime ensures related bugs get caught immediately, so protocols that need that feature don't become "unusual" transactions with flaky behavior. Bitcoin is a distributed, worldwide, decentralized digital money … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. r/Bitcoin. log in sign up. User account menu. 733. Been long since 2013.... Close. 733. Posted by. u/51rules_com. 2 years ago. Archived. Been long since 2013.... 68 comments. share. save hide report. 89% Upvoted. This thread is ... Bitcoin may sound very abstract, but it's carried by people of flesh and blood. This movie follows some of the main players in the first years of Bitcoin. See their excitement, share their passion. Sometimes they stumble or fall, but they keep going. In between, you get to learn how Bitcoin works and what it's all about. If you want to know more about Bitcoin, but are less of a techie and more ...
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Cypherpunk Peter Todd explains why he doesn't use hardware wallets to secure his bitcoin private keys, and also offers details on his preferred security procedures. Furthermore, the applied ... Viacoin, a digital currency platform that facilitates the creation of decentralized 'Bitcoin 2.0' applications on top of its alternative blockchain, has hired Bitcoin core developer Peter Todd as ... This Thursday's salon will feature Peter Todd joining us live on the studio big screen. Peter Todd is a Bitcoin Core developer who is now serving as Chief Scientist "for both Viacoin core project ... Henry Brade from Bittiraha.fi interviewing Peter Todd, Bitcoin expert. Check part 1: https://www.youtube.com/watch?v=lX0imwGHK0A Check our websites from belo... This video is unavailable. Watch Queue Queue. Watch Queue Queue