From: Bram Cohen <bram@bittorrent.com>
To: Erik Aronesty <erik@q32.com>
Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] A Small Modification to Segwit
Date: Mon, 10 Apr 2017 07:46:35 -0700 [thread overview]
Message-ID: <CA+KqGkqk12O6KmzBwgoXQTo6GgR08rff0XTJ0OfsCjKfnBEhGQ@mail.gmail.com> (raw)
In-Reply-To: <CAJowKg+tYK9j5LTwokMGutD+-SjBQ70U=X7rqHMGSeaG2NEo9A@mail.gmail.com>
[-- Attachment #1: Type: text/plain, Size: 980 bytes --]
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 undefined, but deployment-bit ready POW
> field to flip-flop between the current and the "next one" every 8 years or
> or so, with a ramp down beginning in the 7th year.... A stub function that
> is guaranteed to fail unless a new consensus POW is selected within 7
> years.
>
That would force hard forks, cause huge governance problems on selecting
the new PoW algorithm, and probably cause even worse mining chip
manufacturer centralization because it would force miners to buy new chips
instead of sticking with the ones they've already got. They'll likely have
to keep buying new ones anyway as technology improves but it doesn't help
to force that process to go even faster.
[-- Attachment #2: Type: text/html, Size: 1369 bytes --]
next prev parent reply other threads:[~2017-04-10 14:46 UTC|newest]
Thread overview: 41+ messages / expand[flat|nested] mbox.gz Atom feed top
2017-04-07 20:06 [bitcoin-dev] A Small Modification to Segwit Jimmy Song
2017-04-08 0:05 ` Jimmy Song
2017-04-08 14:59 ` Luke Dashjr
2017-04-08 15:17 ` Jimmy Song
2017-04-08 16:05 ` Luke Dashjr
2017-04-08 16:16 ` Jimmy Song
2017-04-08 16:19 ` Timo Hanke
2017-04-08 1:48 ` praxeology_guy
2017-04-08 2:46 ` Jimmy Song
2017-04-08 8:33 ` Pavel Moravec
2017-04-08 14:35 ` Jimmy Song
2017-04-08 16:38 ` Pavel Moravec
2017-04-08 22:19 ` Jimmy Song
2017-04-08 18:15 ` praxeology_guy
2017-04-08 18:51 ` Eric Voskuil
2017-04-08 20:38 ` praxeology_guy
2017-04-09 11:46 ` Jorge Timón
2017-04-08 16:27 ` Jorge Timón
2017-04-08 17:22 ` Jorge Timón
2017-04-08 22:26 ` Jimmy Song
2017-04-09 11:48 ` Jorge Timón
2017-04-09 14:01 ` Jimmy Song
[not found] ` <CABm2gDqfsBREj2x5Uz9hxwt-Y6m=KHd2-hRw4gV0CbO+-8B0dg@mail.gmail.com>
2017-04-10 9:16 ` Jorge Timón
2017-04-09 18:44 ` Erik Aronesty
2017-04-09 21:16 ` Jared Lee Richardson
2017-04-09 23:51 ` David Vorick
2017-04-10 0:20 ` Erik Aronesty
2017-04-10 1:45 ` Thomas Daede
2017-04-10 14:34 ` Bram Cohen
2017-04-10 14:46 ` Bram Cohen [this message]
2017-04-10 15:25 ` g
2017-04-10 18:17 ` Erik Aronesty
2017-04-11 2:39 ` g
2017-04-11 18:39 ` Staf Verhaegen
2017-04-11 9:31 ` Sancho Panza
2017-04-11 13:00 ` Jorge Timón
2017-04-11 7:59 ` Tom Zander
2017-04-11 13:25 ` Sancho Panza
2017-04-11 14:40 ` Jimmy Song
2017-04-11 21:25 ` Jorge Timón
2017-04-11 23:42 ` Jimmy Song
Reply instructions:
You may reply publicly to this message via plain-text email
using any one of the following methods:
* Save the following mbox file, import it into your mail client,
and reply-to-all from there: mbox
Avoid top-posting and favor interleaved quoting:
https://en.wikipedia.org/wiki/Posting_style#Interleaved_style
* Reply using the --to, --cc, and --in-reply-to
switches of git-send-email(1):
git send-email \
--in-reply-to=CA+KqGkqk12O6KmzBwgoXQTo6GgR08rff0XTJ0OfsCjKfnBEhGQ@mail.gmail.com \
--to=bram@bittorrent.com \
--cc=bitcoin-dev@lists.linuxfoundation.org \
--cc=erik@q32.com \
/path/to/YOUR_REPLY
https://kernel.org/pub/software/scm/git/docs/git-send-email.html
* If your mail client supports setting the In-Reply-To header
via mailto: links, try the mailto: link
Be sure your reply has a Subject: header at the top and a blank line
before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox