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| author | Karl <gmkarl@gmail.com> | 2021-05-16 19:29:47 -0400 |
|---|---|---|
| committer | bitcoindev <bitcoindev@gnusha.org> | 2021-05-16 23:29:51 +0000 |
| commit | c4d8bef9eff877c13d8fcfb5146da1907b5f5265 (patch) | |
| tree | 0c51cba375a943ab4cc659fff30171bb11c1a793 | |
| parent | 0d4806397d408b7bbdcde545463adf1ed2e2a953 (diff) | |
| download | pi-bitcoindev-c4d8bef9eff877c13d8fcfb5146da1907b5f5265.tar.gz pi-bitcoindev-c4d8bef9eff877c13d8fcfb5146da1907b5f5265.zip | |
Re: [bitcoin-dev] Proposal: Force to do nothing for first 9 minutes to save 90% of mining energy
| -rw-r--r-- | af/a132d112ac26c3d626549c970c2113c9b21213 | 98 |
1 files changed, 98 insertions, 0 deletions
diff --git a/af/a132d112ac26c3d626549c970c2113c9b21213 b/af/a132d112ac26c3d626549c970c2113c9b21213 new file mode 100644 index 000000000..d126329af --- /dev/null +++ b/af/a132d112ac26c3d626549c970c2113c9b21213 @@ -0,0 +1,98 @@ +Return-Path: <gmkarl@gmail.com> +Received: from smtp4.osuosl.org (smtp4.osuosl.org [IPv6:2605:bc80:3010::137]) + by lists.linuxfoundation.org (Postfix) with ESMTP id 7E959C0001 + for <bitcoin-dev@lists.linuxfoundation.org>; + Sun, 16 May 2021 23:29:51 +0000 (UTC) +Received: from localhost (localhost [127.0.0.1]) + by smtp4.osuosl.org (Postfix) with ESMTP id 4E9974036F + for <bitcoin-dev@lists.linuxfoundation.org>; + Sun, 16 May 2021 23:29:51 +0000 (UTC) +X-Virus-Scanned: amavisd-new at osuosl.org +X-Spam-Flag: NO +X-Spam-Score: -2.1 +X-Spam-Level: +X-Spam-Status: No, score=-2.1 tagged_above=-999 required=5 + tests=[BAYES_00=-1.9, DKIM_SIGNED=0.1, DKIM_VALID=-0.1, + DKIM_VALID_AU=-0.1, DKIM_VALID_EF=-0.1, FREEMAIL_FROM=0.001, + RCVD_IN_DNSWL_NONE=-0.0001, SPF_PASS=-0.001] + autolearn=ham autolearn_force=no +Authentication-Results: smtp4.osuosl.org (amavisd-new); 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Sun, 16 May 2021 16:29:47 + -0700 (PDT) +In-Reply-To: <E03220BF-547C-4E84-8DB9-A11F6BBB1530@voskuil.org> +References: <CAPyV_jBvbXPPGcCj1TsEf=J9D7ADYWWkTctd9XD5HjJZAQDAfQ@mail.gmail.com> + <E03220BF-547C-4E84-8DB9-A11F6BBB1530@voskuil.org> +From: Karl <gmkarl@gmail.com> +Date: Sun, 16 May 2021 19:29:47 -0400 +Message-ID: <CALL-=e6yBtfm+p_Hd6pwOqaUf9oq5E8quDYabtAx11PAmRrixQ@mail.gmail.com> +To: Eric Voskuil <eric@voskuil.org>, + Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org> +Content-Type: text/plain; charset="UTF-8" +X-Mailman-Approved-At: Mon, 17 May 2021 07:44:08 +0000 +Subject: Re: [bitcoin-dev] Proposal: Force to do nothing for first 9 minutes + to save 90% of mining energy +X-BeenThere: bitcoin-dev@lists.linuxfoundation.org +X-Mailman-Version: 2.1.15 +Precedence: list +List-Id: Bitcoin Protocol Discussion <bitcoin-dev.lists.linuxfoundation.org> +List-Unsubscribe: <https://lists.linuxfoundation.org/mailman/options/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=unsubscribe> +List-Archive: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/> +List-Post: <mailto:bitcoin-dev@lists.linuxfoundation.org> +List-Help: <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=help> +List-Subscribe: <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=subscribe> +X-List-Received-Date: Sun, 16 May 2021 23:29:51 -0000 + +On 5/16/21, Eric Voskuil via bitcoin-dev +<bitcoin-dev@lists.linuxfoundation.org> wrote: +> https://github.com/libbitcoin/libbitcoin-system/wiki/Efficiency-Paradox +> https://github.com/libbitcoin/libbitcoin-system/wiki/Proof-of-Memory-Fallacy + +The chain security actually reduces by 10% in this proposal. So the +efficiency paradox is not violated, it is just the real cost of +confirming a transaction is reduced, because there is actually less +security. This eventually reduces the price of bitcoin and reduces the +amount of electricity the block reward can eventually buy. + |