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> Another thing I look forward to are links to interesting alternatives like SCP Some "see also" on that topic, then .... https://www.reddit.com/r/Bitcoin/com

by kanzure 11y ago

> Another thing I look forward to are links to interesting alternatives like SCP Some "see also" on that topic, then .... https://www.reddit.com/r/Bitcoin/comments/3u1m36/why_arent_we_as_a_community_talking_about/cxbamhn https://www.reddit.com/r/Bitcoin/comments/3u1m36/why_arent_w... http://diyhpl.us/wiki/transcripts/scalingbitcoin/sharding-the-blockchain/ http://diyhpl.us/wiki/transcripts/scalingbitcoin/sharding-th... https://github.com/vbuterin/scalability_paper/blob/master/scalability.pdf https://github.com/vbuterin/scalability_paper/blob/master/sc... (Unless you don't mean the SCP that was presented during Scaling Bitcoin Hong Kong, and rather the other more widely known SCP....)

nickpsecurity 11y ago
Appreciate the links. Those are interesting ideas on reducing the load and increasing the speed. NatanealL's idea is closer to how I'm looking at it because I'm starting with our current model and trying to improve its deficiencies. Banks already manage their own transactions and records while interbank operations deal in huge chunks. Prevents need of global verification of individual transactions. Plus, knocking out the miners and leveraging stored value in an existing currency can simplify things by removing some obstacles they discuss. Bitcoin's problem is a lot harder than the general problem of decentralized payments and contracts on cash-backed currency. I prefer to stick to the latter as it solves todays problems pretty well.