Mike Hearn [ARCHIVE] on Nostr: 📅 Original date posted:2013-05-16 📝 Original message:I'm all for funding of ...
📅 Original date posted:2013-05-16
📝 Original message:I'm all for funding of Bitcoin development, but I suggest talking to Gavin
to find out what efforts would be the biggest win right now. I don't see
why separating wallet code from the main Bitcoin process would increase
node count, as the cost of running the node is almost all in keeping up
with transaction traffic and time spent in the wallet is likely to dominate
only for large merchants or exchanges.
That said, you can already do this today - just run an SPV wallet like
bitcoinj connected to your personal node. The wallet code in bitcoind won't
be used for anything.
There are lots of things that can be done, but the best way to approach
this is to get tightly written technical requirements from people in the
know, and then contract with developers. Bounty style development has the
risk of uncoordinated development that duplicates work and puts pressure on
Gavin or other maintainers to accept shoddy code due to the "first past the
post" winning criteria. Finding developers you trust and contracting with
them for well specified improvements minimises risk for everyone.
On Thu, May 16, 2013 at 3:02 AM, <bitcoingrant at gmx.com> wrote:
> One of the primary upcoming priorities for bitcoin’s infrastructure,
> beyond the bloom filter, will be the continued modularization of the system.
>
> Here at the Bitcoin Grant, we would like to jump start this development
> with a financial incentive and initiate an ongoing conversation on how we
> can work together towards developing a smarter, more efficient system of
> tomorrow, today.
>
> Up for grabs: 500 bitcoins or $500,000; whichever is greater.
>
> Taking on a project of this scope is a highly intensive, technical
> undertaking and we believe excellent developers should be compensated as
> such, especially when it comes to open source projects.
>
> One of the main goals will be to separate the wallet from the node, as we
> have already done with mining. This way, the wallet, which will only hold
> private keys and create transactions, would pass transactions directly to a
> relay node, based on the bloom filter. Meanwhile, the block node will
> maintain the block chain and validate and relay new blocks.
>
> Such developments would significantly strengthen the system.
> Modularization would make cancer attacks less likely and increase the node
> count, which, currently, is fairly low.
>
> This is by no means is a feature request, merely ideas as to initiate a
> discussion. We welcome any feedback or suggestions. And of course, let us
> know if you would like to contribute to this project by submiting a grant
> proposal.
>
> http://bitcoingrant.org <http://bitcoingrant.org/&lang=en>;
>
>
>
>
>
> ------------------------------------------------------------------------------
> AlienVault Unified Security Management (USM) platform delivers complete
> security visibility with the essential security capabilities. Easily and
> efficiently configure, manage, and operate all of your security controls
> from a single console and one unified framework. Download a free trial.
> http://p.sf.net/sfu/alienvault_d2d
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development at lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
>
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📝 Original message:I'm all for funding of Bitcoin development, but I suggest talking to Gavin
to find out what efforts would be the biggest win right now. I don't see
why separating wallet code from the main Bitcoin process would increase
node count, as the cost of running the node is almost all in keeping up
with transaction traffic and time spent in the wallet is likely to dominate
only for large merchants or exchanges.
That said, you can already do this today - just run an SPV wallet like
bitcoinj connected to your personal node. The wallet code in bitcoind won't
be used for anything.
There are lots of things that can be done, but the best way to approach
this is to get tightly written technical requirements from people in the
know, and then contract with developers. Bounty style development has the
risk of uncoordinated development that duplicates work and puts pressure on
Gavin or other maintainers to accept shoddy code due to the "first past the
post" winning criteria. Finding developers you trust and contracting with
them for well specified improvements minimises risk for everyone.
On Thu, May 16, 2013 at 3:02 AM, <bitcoingrant at gmx.com> wrote:
> One of the primary upcoming priorities for bitcoin’s infrastructure,
> beyond the bloom filter, will be the continued modularization of the system.
>
> Here at the Bitcoin Grant, we would like to jump start this development
> with a financial incentive and initiate an ongoing conversation on how we
> can work together towards developing a smarter, more efficient system of
> tomorrow, today.
>
> Up for grabs: 500 bitcoins or $500,000; whichever is greater.
>
> Taking on a project of this scope is a highly intensive, technical
> undertaking and we believe excellent developers should be compensated as
> such, especially when it comes to open source projects.
>
> One of the main goals will be to separate the wallet from the node, as we
> have already done with mining. This way, the wallet, which will only hold
> private keys and create transactions, would pass transactions directly to a
> relay node, based on the bloom filter. Meanwhile, the block node will
> maintain the block chain and validate and relay new blocks.
>
> Such developments would significantly strengthen the system.
> Modularization would make cancer attacks less likely and increase the node
> count, which, currently, is fairly low.
>
> This is by no means is a feature request, merely ideas as to initiate a
> discussion. We welcome any feedback or suggestions. And of course, let us
> know if you would like to contribute to this project by submiting a grant
> proposal.
>
> http://bitcoingrant.org <http://bitcoingrant.org/&lang=en>;
>
>
>
>
>
> ------------------------------------------------------------------------------
> AlienVault Unified Security Management (USM) platform delivers complete
> security visibility with the essential security capabilities. Easily and
> efficiently configure, manage, and operate all of your security controls
> from a single console and one unified framework. Download a free trial.
> http://p.sf.net/sfu/alienvault_d2d
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development at lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
>
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