A rolling epoch, as suggested in the paper, not only helps keep the blockchain length tractable it also prevents "submarining" from assets which haven't moved since the early days of a blockchain (e.g., Satochi/Finney and new blockchain pre-mining). On Mon, Jul 2, 2018, 1:30 PM juan <juan.g71@gmail.com> wrote:
On Mon, 2 Jul 2018 06:49:04 -0700 Steven Schear <schear.steve@gmail.com> wrote:
In 2013, a paper I contributed to offered a solution to the ever growing blockchain delema: a finite epoch. The solution is similar the one Chaum used on Digicash. It would fix, temporally, the blockchain to include only transactions for the past 2 years,
and what happens to funds older than 2 years?
"Any money still held from transactions in these blocks would be freed up, and released back to the network in the form of a lottery."
lolwut - that's trolling, right? =)
for example, thus creating a blockchain of tractable and predictable size for affordable full nodes.
https://www.coindesk.com/bitcoin-activists-suggest-hard-fork-to-bitcoin-to-k...
More recently, I've co-written a paper proposing a distributed service solution that could solve thin wallet privacy and security issues without needing to trust individual full nodes under the control of others.