On 1/10/14, Peter Todd <p...@petertodd.org> wrote: > Come to think of it, we've got that exact situation right now: the new > Twister P2P Microblogging thing has a blockchain for registering > usernames that could have been easily done with Namecoin, thus in theory > Namecoin owners have an incentive to make sure the Twister blockchain > gets killed at birth.
You don't have to MM from birth. That I've already agreed is dangerous. But if you start with SHA256, then merged mining is a trivial fork at least 3 currencies have done successfully. As said we plan to make Freicoin merge-mineable in the future, and we expect to get much more security after we do. The only "adverse" effect may be a temporary drop in price due to the new miners selling all the frc they get until a new price equilibrates with the demand. But that's not really "bad for the currency", just to the holders at that moment. > Pretty easy to do right now too as the hashing power behind Twister is > miniscule and probably will stay that way - the only incentive to mining > is that you get the right to make a "promoted post" - called a spam > message in the codebase - that in theory Twister clients are supposed to > show to their users. Of course, there's absolutely no way to guarantee > that clients actually do that. If a system doesn't compensate its miners in a liquid enough way, the system will probably be insecure, but that's another topic... ------------------------------------------------------------------------------ CenturyLink Cloud: The Leader in Enterprise Cloud Services. Learn Why More Businesses Are Choosing CenturyLink Cloud For Critical Workloads, Development Environments & Everything In Between. Get a Quote or Start a Free Trial Today. http://pubads.g.doubleclick.net/gampad/clk?id=119420431&iu=/4140/ostg.clktrk _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
