From: praxeology_guy <praxeology_guy@protonmail.com>
Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] A Small Modification to Segwit
Date: Sat, 08 Apr 2017 14:15:43 -0400 [thread overview]
Message-ID: <EGttip9r0Zojmerlfqy3dd3f-hwiADc5n908xjPIQhNZv7_yvybiqvU-iKQ0mSDSFfRBrd9gszWzBHTXujUBTNPE44CMXLpXKIj40iHjWoA=@protonmail.com> (raw)
In-Reply-To: <CAJR7vkrn-oFium3wFgcOdqNPuYq+rW2DqyOnkDaCTHabO0y3Xg@mail.gmail.com>
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ASICBOOST causes Bitcoin's PoW to become more memory/latency throttled instead of raw computation throttled.
There is the equation:
Power Cost + Captial Rent + Labor ~= block reward + fees
Capital Rent is a barrier to entry, and hence in desiring a more distributed system, we would like to minimize the Capital Rent portion of the equation.
Resolving memory/latency throttle requires a greater Captial Rent than raw computation throttle.
Hence (agreeing with Luke), ASICBOOST is not desirable, even if it wasn't a government enforced monopoly on mining.
Please let me know if I made a mistake.
Thanks,
Praxeology Guy
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next prev parent reply other threads:[~2017-04-08 18:15 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 [this message]
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
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
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