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authorJonathan Toomim <j@toom.im>2017-04-05 23:24:04 -0700
committerbitcoindev <bitcoindev@gnusha.org>2017-04-06 06:24:09 +0000
commit1ce708e3e2dbf0ac8e63655cef920d283351070f (patch)
tree4312f13c3506fa84a77424faa703e6405332311b /7b
parente50ee9a297a28e96dee0a27078fc2af650539ec3 (diff)
downloadpi-bitcoindev-1ce708e3e2dbf0ac8e63655cef920d283351070f.tar.gz
pi-bitcoindev-1ce708e3e2dbf0ac8e63655cef920d283351070f.zip
Re: [bitcoin-dev] BIP proposal: Inhibiting a covert attack on the Bitcoin POW function
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+From: Jonathan Toomim <j@toom.im>
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+Date: Wed, 5 Apr 2017 23:24:04 -0700
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+Subject: Re: [bitcoin-dev] BIP proposal: Inhibiting a covert attack on the
+ Bitcoin POW function
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+Ethically, this situation has some similarities to the DAO fork. We have =
+an entity who closely examined the code, found an unintended =
+characteristic of that code, and made use of that characteristic in =
+order to gain tens of millions of dollars. Now that developers are aware =
+of it, they want to modify the code in order to negate as much of the =
+gains as possible.
+
+There are differences, too, of course: the DAO attacker was explicitly =
+malicious and stole Ether from others, whereas Bitmain is just =
+optimizing their hardware better than anyone else and better than some =
+of us think they should be allowed to.
+
+In both cases, developers are proposing that the developers and a =
+majority of users collude to reduce the wealth of a single entity by =
+altering the blockchain rules.
+
+In the case of the DAO fork, users were stealing back stolen funds, but =
+that justification doesn't apply in this case. On the other hand, in =
+this case we're talking about causing someone a loss by reducing the =
+value of hardware investments rather than forcibly taking back their =
+coins, which is less direct and maybe more justifiable.
+
+While I don't like patented mining algorithms, I also don't like the =
+idea of playing Calvin Ball on the blockchain. Rule changes should not =
+be employed as a means of disempowering and empoverishing particular =
+entities without very good reason. Whether patenting a mining =
+optimization qualifies as good reason is questionable.
+
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