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authorJoel Joonatan Kaartinen <joel.kaartinen@gmail.com>2011-11-23 18:26:30 +0200
committerbitcoindev <bitcoindev@gnusha.org>2011-11-23 16:26:41 +0000
commit1bc5d12ff672b755b48667f0f3e4471624c3e1b5 (patch)
tree2311c09e485239a6c4767f2cbf98c247cf2d6559
parenta552ceafe50c27830b95d3dc992ad333e9253569 (diff)
downloadpi-bitcoindev-1bc5d12ff672b755b48667f0f3e4471624c3e1b5.tar.gz
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Re: [Bitcoin-development] Addressing rapid changes in mining power
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+From: Joel Joonatan Kaartinen <joel.kaartinen@gmail.com>
+To: Andy Parkins <andyparkins@gmail.com>
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+Subject: Re: [Bitcoin-development] Addressing rapid changes in mining power
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+
+On Wed, 2011-11-23 at 15:39 +0000, Andy Parkins wrote:
+> On 2011 November 23 Wednesday, Gavin Andresen wrote:
+>
+> > Bitcoin as-is doesn't have the "I got lucky and found an extremely
+> > hard block" problem because the difficulty TARGET is used to compute
+> > chain difficulty, not the actual hashes found.
+>
+> Good points. I don't think I have a response to that one.
+
+If there's an upper bound on the difficulty a block is accepted to have
+(even if it would've passed with significantly higher difficulty), that
+could solve this issue. For example, take the median (or average) of the
+past 2016 blocks and don't value any new block for more than maybe 4
+times as difficult as that.
+
+> I saw the "I got lucky" result as a benefit, as it made it harder to fork the
+> chain. We got an advantage from the luck.
+>
+> I'll have to abandon this suggestion. It's not going to work.
+>
+> Thanks for the feedback everyone.
+
+Don't be so hasty with that :)
+
+- Joel
+
+
+