Divisibility extension - Revision history

Luke-jr at 00:48, 31 March 2011

2011-03-31T00:48:58Z

← Older revision		Revision as of 00:48, 31 March 2011
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	* 1⁄31		* 1⁄31
	* 1⁄37		* 1⁄37

			=== Coinbase halving adjustment ===
			Currently, the generation coinbase halves every 210000 blocks.
			This results in just under 21 million BTC total.
			However, this can be changed by agreement of a majority of the network...

			==== "A" ====
			* Half the coinbase every 262144 (2<sup>18</sup>) blocks
			* Total BTC: Just under 55.5 billion

	== Deprecated solutions ==		== Deprecated solutions ==

Luke-jr at 21:02, 29 March 2011

2011-03-29T21:02:18Z

← Older revision		Revision as of 21:02, 29 March 2011
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	* There are now a total of 24,752,928.50820579 BTC (3,207,979,534,663,470,000 new-base-units) to ever exist.		* There are now a total of 24,752,928.50820579 BTC (3,207,979,534,663,470,000 new-base-units) to ever exist.

	=== Primes ===~~7,7,11,13,17,19,23,29~~		=== Primes ===
	==== "A" ====		==== "A" ====
	12 bits remain after 51 amount + 1 sign.		12 bits remain after 51 amount + 1 sign.

Luke-jr: /* Proposed solutions */ primes

2011-03-29T21:02:02Z

Proposed solutions: primes

@@ Line 20: / Line 20: @@
 * Inflation is increased. New mining reward is adjusted for this inflation, but all 50 BTC mining is devalued slightly over a long period of time.
 * There are now a total of 24,752,928.50820579 BTC (3,207,979,534,663,470,000 new-base-units) to ever exist.
 == Deprecated solutions ==

Luke-jr: ideas

2011-03-26T01:20:50Z

ideas

New page

Why wait to extend divisibility until we need it? It's easier to upgrade >50% now.

Note: 1 Satoshi is defined to be the present base unit, or 0.00000001 BTC

== Proposed solutions ==
=== 62/64-bit ===
In these solutions, a 64-bit type is assumed, one of which is reserved for signedness (+/-), and another for an "upgraded" flag to retain compatibility with the existing block chain.

==== "B" ====
Each Satoshi is upgraded to 2079 (3 × 3 × 3 × 7 × 11) base units.
* Adds 3 more decimal places
* Can be divided into exact ⅓, ⅙, ⅐, ⅑, 1⁄11 (in addition to the present ½ and ⅕) and multiples thereof

==== "D" ====
Each Satoshi is upgraded to 1296 (3 × 3 × 3 × 3 × 2 × 2 × 2 × 2) base units.
* Adds 3 more decimal places
* Can be divided into exact ⅓, ⅑, (in addition to the present ½ and ⅕) and multiples thereof

In addition, after the initial 210000 blocks, generation will be reduced to 33.93554406716 BTC (4,398,046,511,104 new-base-units, which divides cleanly by 2 until exhausted) instead of the current 25 BTC.
* Inflation is increased. New mining reward is adjusted for this inflation, but all 50 BTC mining is devalued slightly over a long period of time.
* There are now a total of 24,752,928.50820579 BTC (3,207,979,534,663,470,000 new-base-units) to ever exist.

== Deprecated solutions ==
=== 62/64-bit ===
==== "A" ====
* Satoshi × 2304 (2 × 2 × 2 × 2 × 2 × 2 × 2 × 2 × 3 × 3)
* 21.47483648 BTC rewards
==== "C" ====
* Satoshi × 2187 (3 × 3 × 3 × 3 × 3 × 3 × 3)