Gavin Andresen Drops A New Concept On Github for Bitcoin Cash

[mayurobin]

On January 2 one of the most well-known developers for the original bitcoin protocol, Gavin Andresen, contributed an idea to Github called “Storing the UTXO as a bit-vector.” Andresen has been active on Github for the past month as his contributions have been focused on general (Unspent Transaction Output) UTXO sets, but this particular idea is for the Bitcoin Cash (BCH) network.

Gavin Andresen has been lurking around Github for the past twenty-seven days, and on the second day of the new year, the developer contributed an idea for the BCH network. The concept Andresen called “Half-baked thoughts exploring a different way of implementing a fully-validating BCH node,” is an idea on shifting the storage of full transaction data to wallets. The developer explains the concept is to let every node in the new network store a bit-vector for every block which can be highly compressible even for gigabyte-sized blocks.

“This isn’t a problem today (the UTXO set easily fits in the RAM of an inexpensive server-class machine), but might eventually be at very large transaction volumes,” explains Andresen.

Andresen believes the best option is to let “node operators hand-pick one or more semi-trusted nodes to get fast boot-strapping.”

“That is simple, and there are plenty of full-node operators who have the right incentives to always serve up correct UTXO bit-vectors,” Andresen adds.     

[bitfools]

"IF IT'S NOT BROKEN, WHY FIX IT??"

Telling isn't it???

Shifting 'burden' to centralized servers, means that there will no longer be equal nodes, that some 'full nodes' will be more equal than others, ... hmmm

Old times will know, but then I guess its fine if they keep tinkering with BCH and turn it into a centralized block-chain ran by exchanges and casinos ( aka day trader BTC flop houses ), ...

Good thing that BITCOIN-CORE will remain classic?

As soon as you have centralized servers of high density data, then things will no longer be 'open' but they're hardly open,

The deal is "GAVIN" is rich now, and rich peoples biggest problem ain't getting MORE, its keeping what they got and controlling it,

Instead of thinking like Satoshi, it appears that GAVIN is thinking more like Buterin, or a Federal Reserve Banker

Anyway so long as this trend towards centralization is kept in BCH ( bitcoin cash aka china asic king-pins ) I guess its fine, ... right?

***

Animal Farm said "Some blocks are MOAR EQUAL than others, Gavin suggests 4 legs good, 2 legs bad"

“node operators hand-pick one or more semi-trusted nodes to get fast boot-strapping.”

So some NODES MOAR trusted than others, what happened to +50% consensus? Sounds like a rat-pack collective is going to be deciding who is to be trusted??? Wait, wasn't the ENTIRE AGENDA of BTC to be a TRUST-LESS ENVIRON??

What the HELL is going on, oh that's RIGHT "WHEN YOU BECOME RICH, EVERYTHING CHANGES, INCLUDING YOUR MIND"