Erik,
I completely agree that it will be in the long term interest of bitcoin to
migrate, gradually, toward a commoditized POW away from the current mass
centralization. There is a big problem here though: Hundreds of millions of
dollars have been spent on the current algorithm, and will be a h
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On 04/08/2017 04:58 PM, Tomas wrote:
> You seem to ignore here the difference between base load and peak
> load. If Compact blocks/XThin with further optimizations can
> presync nearly 100% of the transactions, and nodes can do as much
> as possib
I own some miners, but realistically their end of life is what, 6 months
from now if I'm lucky?If we used difficulty ramps on two selected
POW's, then the migration could be made smooth. I don't think changing
the POW would be very challenging. Personally, I would absolutely love to
be back
On Sun, Apr 9, 2017 at 11:44 AM, Erik Aronesty via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:
>
> Perhaps regular, high-consensus POW changes might even be *necessary* as a
> part of good maintenance of cryptocurrency in general. Killing the
> existing POW, and using an as-yet u
On Sun, Apr 9, 2017 at 11:44 AM, Erik Aronesty via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:
>
> Clearly a level-playing field is critical to keeping centralization from
> being a "defining feature" of Bitcoin over the long term. I've heard the
> term "level playing field" band
> On 6 Apr 2017, at 01:43, Christopher Jeffrey wrote:
>
>
>> This hits the biggest question I asked in my January post: do you want
>> to allow direct exit payment to legacy addresses? As a block reorg
>> will almost guarantee changing txid of the resolution tx, that will
>> permanently invalid
On 9 Apr 2017 4:01 pm, "Jimmy Song" wrote:
Jorge,
Why won't the attacker use asicboost too? (Please don't say because of
> patents)
>
>
We're assuming the ASIC optimization in my example is incompatible with
ASICBoost. But if the new optimization were compatible with ASICBoost,
you're right, the