Moral,
Mining the sync flag isn't compatible with the payout structure of non
hot-wallet pools like Eligius or decentralized pools like p2pool.
Those need the ability to split a reward among multiple parties.
Instead of giving an address to send the funds to, you could include
the hash of the tran
On Tue, Jul 26, 2016 at 9:58 PM, Martijn Meijering via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:
> Is there a reason miners would be more likely to engage in selfish
> mining of sync flags than they are now with ordinary blocks?
>
This proposal has the same effect as adding man
- Flags will be mined selfishly, and not published until the advantage
gained from withholding is less than the mining reward. This effect may
kill the decentralization features, since big miners will be the only ones
that can selfish-mine flags. Indeed, collusion would be encouraged...
Hi
> ==Generating the master mnemonic==
>
> The master mnemonic is first derived as a standard mnemonic as described
> in BIP39.
> ==From master mnemonic to derived mnemonics==
>
> From the master mnemonic a new string is created:
>
> string = MasterMnemonic + " " + Count + " " + Strength;
(not sure so sent again after subscribing (one use case added))
Dear Bitcoin developers,
Below is provided a draft BIP proposal for a master mnemonic sentence
from which other mnemonics sentences can be derived in a deterministic
non-reversible way (on an offline computer). This would make it
- Flags will be mined selfishly, and not published until the advantage
gained from withholding is less than the mining reward. This effect may
kill the decentralization features, since big miners will be the only ones
that can selfish-mine flags. Indeed, collusion would be encouraged.
> #Basic idea:
>
> Ideally, all miners would begin hashing the next block at exactly the same
> time. Miners with a head start are more profitable, and the techniques that
> help miners receive and validate blocks quickly create centralization
> pressure.
>
> What if there was something that acte
I posted this to /r/bitcoin yesterday but it got minimal comments. One uses
suggested I try the mailing list so here it is:
The idea presented here could have the following benefits:
1. Improve mining decentralization
2. Reduce variance in mining profitability
3. Reduce or eliminate SPV mined blo
