Gavin Andresen - 2011-11-03 14:46:11

I propose 3 step phase plan:

step 1. Protocol specifics are definitively agreed upon. No going back after this step. Takes as long as it has too, but ideally 1 month.
step 2. Implementations are all synchronised and ready with branch/patches ready to accept the new changes. Testing needs to be done. 1 month.
step 3. A date is set for the switch-over. Packages are released and all merchants/users/vendors/miners are given a switch-over date before the change becomes live. Enough time needs to be give for everybody to change over. I propose 2 months.

After this and with enough testing, the OP_EVAL can be introduced into the GUI and such after a while. This puts the total timeframe at around under 6 months.

The beauty of OP_EVAL is it is backwards-compatible with old merchants/users/vendors/miners; there is no reason to require that they all switch over at the same time, they can continue to operate with their old software for as long as they like (assuming all this happens, there will be increasing pressure over time for them to upgrade so they can pay to newfangled BIP 13 bitcoin addresses).