Bob, thanks for posting. Libbitcoin is a comprehensive bitcoin c++
development toolkit - anything pertaining to bitcoin design/development
is relevant.

I think your proposal has a lot of merit. Please let me know if you need
any help with libbitcoin. In order to get a high level overview of the
stack I recommend:

https://en.bitcoin.it/wiki/Libbitcoin

There is a current overview of each library, the command line
applications, history, dependencies, characteristics, etc.

e

On 12/14/2015 09:58 AM, Bob McElrath wrote:
> I met Mikael and Eric last weekend at Scaling Bitcoin, and they took a liking to
> the idea I presented there. Mikael asked me to introduce it to this list. I'm
> unsure how this fits into libbitcoin, but I'll try to play with it this week.
>
> You can find the presentation here:
> https://scalingbitcoin.org/hongkong2015/presentations/DAY2/2_breaking_the_chain_1_mcelrath.pdf
>
> The basic idea is that the phenomena of orphans in bitcoin can be eliminated by
> replacing the blockchain with a Directed Acyclic Graph, or a small restriction
> on one that I'm calling a "Braid". The requirements are (1) blocks reference
> multiple parents, (2) blocks can contain duplicate transactions and (3) blocks
> combined into a single Braid cannot contain double-spends. This proposal has
> some very nice other properties in terms of decentralizing mining, and
> increasing the transaction rate by removing arbitrary parameters like the block
> time and block size.
>
> I'd like to consider testing this idea in libbitcoin, running in full-node mode.
> In some ways one might consider such a modification to be an unholy marriage
> between p2pool and bitcoin.
>
> I'm running some simulations on this idea and when they're done I'll write a
> blog post about this and I will submit it to the Ledger journal
> (ledgerjournal.org).
>
> --
> Cheers, Bob McElrath
>

> "For every complex problem, there is a solution that is simple, neat, and wrong."
>     -- H. L. Mencken 

>
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