diff options
| author | Eric Martindale <eric@ericmartindale.com> | 2021-03-14 22:02:42 -0400 |
|---|---|---|
| committer | bitcoindev <bitcoindev@gnusha.org> | 2021-03-15 02:11:57 +0000 |
| commit | 069553fe61f34657f59532b01af265eab24480f8 (patch) | |
| tree | b65d6dccb0a8143b94af2e155bce9fdd7267e44d /f2/a8116395c27e9c2a34665c4356b0a69496cd0a | |
| parent | e35886af87c30516ee2ae2899e36cc810ab3f92d (diff) | |
| download | pi-bitcoindev-069553fe61f34657f59532b01af265eab24480f8.tar.gz pi-bitcoindev-069553fe61f34657f59532b01af265eab24480f8.zip | |
Re: [bitcoin-dev] BIP Proposal: Consensus (hard fork) PoST Datastore for Energy Efficient Mining
Diffstat (limited to 'f2/a8116395c27e9c2a34665c4356b0a69496cd0a')
| -rw-r--r-- | f2/a8116395c27e9c2a34665c4356b0a69496cd0a | 499 |
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diff --git a/f2/a8116395c27e9c2a34665c4356b0a69496cd0a b/f2/a8116395c27e9c2a34665c4356b0a69496cd0a new file mode 100644 index 000000000..916df81e1 --- /dev/null +++ b/f2/a8116395c27e9c2a34665c4356b0a69496cd0a @@ -0,0 +1,499 @@ +Return-Path: <eric@ericmartindale.com> +Received: from smtp2.osuosl.org (smtp2.osuosl.org [IPv6:2605:bc80:3010::133]) + by lists.linuxfoundation.org (Postfix) with ESMTP id DE9FCC0001 + for <bitcoin-dev@lists.linuxfoundation.org>; + Mon, 15 Mar 2021 02:11:57 +0000 (UTC) +Received: from localhost (localhost [127.0.0.1]) + by smtp2.osuosl.org (Postfix) with ESMTP id B8F8340187 + for <bitcoin-dev@lists.linuxfoundation.org>; + Mon, 15 Mar 2021 02:11:57 +0000 (UTC) +X-Virus-Scanned: amavisd-new at osuosl.org +X-Spam-Flag: NO +X-Spam-Score: -1.789 +X-Spam-Level: +X-Spam-Status: No, score=-1.789 tagged_above=-999 required=5 + tests=[BAYES_00=-1.9, DKIM_SIGNED=0.1, HTML_MESSAGE=0.001, + SPF_PASS=-0.001, T_DKIM_INVALID=0.01, UNPARSEABLE_RELAY=0.001] + autolearn=no autolearn_force=no +Authentication-Results: smtp2.osuosl.org (amavisd-new); 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+ bh=J6tqxTc2HPoTINnvigHfF8PiUiIJXjpueqKykqIIjwE=; + h=References:In-Reply-To:From:Date:Subject:To:Cc:From; + b=UZJDiGNOJyQXac42Ggyf40J4NX0vBc9YCuQ4SHGhoQmJeSFIY/AOZtQtoIvK2do09 + 0powzexSl8KLoaGhStgApNuHpYay6K2TC998SWZEVPmBv3LBGW5b86zHU70357P/HL + TX2eoba4r16/NSQUyMnXdGJsmjBT40Pm+tYlbd9RxRNKcCP643r+78d7yXQtN/zmOm + cYW790SIKI4OeYk4BliR3aJqfDQJiF80CaG0I9LdKya7t83AqESSJ0HHjgRENSBIah + kChHxOYr5ADTFGc6FIJpnUeN5PgB3w+h47KW/5aw5aADlEZpDiQNggyP8rL/fK48q6 + XGrExDvE35TZg== +Received: from authenticated-user (mail.verit.ae [213.239.212.102]) + for <bitcoin-dev@lists.linuxfoundation.org>; + Sun, 14 Mar 2021 19:02:54 -0700 (PDT) +X-Gm-Message-State: AOAM532mY3QiXKumf/V418GFPZnZVeYfCy208DBRsYdCCM2qacmSA6eQ + O0srkhs4tmBiQof26FASit93O0R9AUiAlVldjCw= +X-Google-Smtp-Source: ABdhPJxlg2vGo75PuzbaNxd5nag2+eposOXyfeRTblo8Sktl0yuTBspYSNm86msMzPb+vgoIV4i0uunmuBQ/+Hr4GUY= +X-Received: by 2002:a17:907:a04f:: with SMTP id + gz15mr20912655ejc.293.1615773774203; + Sun, 14 Mar 2021 19:02:54 -0700 (PDT) +MIME-Version: 1.0 +References: <CA+YkXXxUdZFYTa1c-F=-FzoQQVtV3GUmE2Okec-zRAD3xS1qAQ@mail.gmail.com> + <CAMnpzfop8ttqjMAKoS37zpQV6WiZfi1Bn+y_e-HaepTiD4Vm1Q@mail.gmail.com> + <CAB0O3SVNyr_t23Y0LyT0mSaf6LONFRLYJ8qzO7rcdJFnrGccFw@mail.gmail.com> + <CA+YkXXwkSCu=2UOEhzFBzGDHo1c=Ewqsnxp632ke3jdH1ff5WA@mail.gmail.com> + <CA+YkXXwfS7eer5Za_ed9tCNdfOp4c3nV_X=mfXzoDxMm6BrizQ@mail.gmail.com> + <PS2P216MB0914F0B05E1AAB48D9A765609D6D9@PS2P216MB0914.KORP216.PROD.OUTLOOK.COM> +In-Reply-To: <PS2P216MB0914F0B05E1AAB48D9A765609D6D9@PS2P216MB0914.KORP216.PROD.OUTLOOK.COM> +From: Eric Martindale <eric@ericmartindale.com> +Date: Sun, 14 Mar 2021 22:02:42 -0400 +X-Gmail-Original-Message-ID: <CAAf19Wq+v_2UjxHn8eBuBcL+mgNbD9joQ8eTV6O1+LuDwX=Fng@mail.gmail.com> +Message-ID: <CAAf19Wq+v_2UjxHn8eBuBcL+mgNbD9joQ8eTV6O1+LuDwX=Fng@mail.gmail.com> +To: LORD HIS EXCELLENCY JAMES HRMH <willtech@live.com.au>, + Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org> +Content-Type: multipart/alternative; boundary="000000000000d94fce05bd89a580" +X-Mailman-Approved-At: Tue, 16 Mar 2021 12:15:27 +0000 +Cc: Devrandom <c1.devrandom@niftybox.net> +Subject: Re: [bitcoin-dev] BIP Proposal: Consensus (hard fork) PoST + Datastore for Energy Efficient Mining +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: Mon, 15 Mar 2021 02:11:58 -0000 + +--000000000000d94fce05bd89a580 +Content-Type: text/plain; charset="UTF-8" + +Bitcoin's security is derived from the energy consumption of mining, so +reducing the overall expenditure would be an objective decrease in +resilience. As a miner, your efficiency at converting energy into +hashpower is the driving factor in your profitability, so this and any +other future attempts to decrease the cost of attacking Bitcoin receives a +hard NACK from me. + +If you're concerned about missing out on the subsidy or fee revenue, grab +any number of the sub-500mSAT USB miners and get access to cheap power. + +Sincerely, + +Eric Martindale, relentless maker. +Founder & CEO, Fabric, Inc. <https://fabric.fm> ++1 (919) 374-2020 + + +On Sun, Mar 14, 2021 at 9:41 AM LORD HIS EXCELLENCY JAMES HRMH via +bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org> wrote: + +> Good Afternoon, +> +> It is obvious that something needs to be done to curtail the current cost +> of mining in kWh per block. I understand proposals are rejected because it +> is considered censorship and Bitcoin has a consensus to allow anyone to +> mine but, since mining requires specific hardware and energy requirements +> it is already a form of censorship where most on the planet except for the +> top 6% I am guessing here, cannot afford to mine. Without affecting the +> current algorithm, I have previously begun to explore the process by which +> mining can be turned into a lottery with only authorized payto addresses +> able to mine valid blocks, since transaction fees and block rewards exist +> to pay the miner. It would be better even if the algorithms are improved if +> there are some ways that only a subset of miners can produce valid blocks +> for any given period, say for 12 months with four groups starting three +> months apart to transition, and maybe limit mining to 50 people per +> continent to produce valid blocks at any one time. Possibly this requires a +> consortium to oversee the lottery but it is something Bitcoin can handle +> themselves, and would do better to handle than to wait for government +> intervention as we have seen previously in China where power was too cheap +> Bitcoin was banned entirely. +> +> KING JAMES HRMH +> Great British Empire +> +> Regards, +> The Australian +> LORD HIS EXCELLENCY JAMES HRMH (& HMRH) +> of Hougun Manor & Glencoe & British Empire +> MR. Damian A. James Williamson +> Wills +> +> et al. +> +> +> Willtech +> www.willtech.com.au +> www.go-overt.com +> and other projects +> +> earn.com/willtech +> linkedin.com/in/damianwilliamson +> +> +> m. 0487135719 +> f. +61261470192 +> +> +> This email does not constitute a general advice. Please disregard this +> email if misdelivered. +> ------------------------------ +> *From:* bitcoin-dev <bitcoin-dev-bounces@lists.linuxfoundation.org> on +> behalf of Lonero Foundation via bitcoin-dev < +> bitcoin-dev@lists.linuxfoundation.org> +> *Sent:* Saturday, 6 March 2021 3:16 AM +> *To:* Devrandom <c1.devrandom@niftybox.net> +> *Cc:* Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org> +> *Subject:* Re: [bitcoin-dev] BIP Proposal: Consensus (hard fork) PoST +> Datastore for Energy Efficient Mining +> +> Also in regards to my other email, I forgot to iterate that my +> cryptography proposal helps behind the efficiency category but also tackles +> problems such as NP-Completeness or Halting which is something the BTC +> network could be vulnerable to in the future. For sake of simplicity, I do +> want to do this BIP because it tackles lots of the issues in regards to +> this manner and can provide useful insight to the community. If things such +> as bigger block height have been proposed as hard forks, I feel at the very +> least an upgrade regarding the hashing algorithm and cryptography does at +> least warrant some discussion. Anyways I hope I can send you my BIP, just +> let me know on the preferred format? +> +> Best regards, Andrew +> +> On Fri, Mar 5, 2021, 10:12 AM Lonero Foundation < +> loneroassociation@gmail.com> wrote: +> +> Hi, this isn't about the energy efficient argument in regards to +> renewables or mining devices but a better cryptography layer to get the +> most out of your hashing for validation. I do understand the arbitrariness +> of it, but do want to still propose a document. Do I use the Media Wiki +> format on GitHub and just attach it as my proposal? +> +> Best regards, Andrew +> +> On Fri, Mar 5, 2021, 10:07 AM Devrandom <c1.devrandom@niftybox.net> wrote: +> +> Hi Ryan and Andrew, +> +> On Fri, Mar 5, 2021 at 5:42 AM Ryan Grant via bitcoin-dev < +> bitcoin-dev@lists.linuxfoundation.org> wrote: +> +> +> https://www.truthcoin.info/blog/pow-cheapest/ +> "Nothing is Cheaper than Proof of Work" +> on | 04 Aug 2015 +> +> +> Just to belabor this a bit, the paper demonstrates that the mining market +> will tend to expend resources equivalent to miner reward. It does not +> prove that mining work has to expend *energy* as a primary cost. +> +> Some might argue that energy expenditure has negative externalities and +> that we should move to other resources. I would argue that the negative +> externalities will go away soon because of the move to renewables, so the +> point is likely moot. +> +> _______________________________________________ +> bitcoin-dev mailing list +> bitcoin-dev@lists.linuxfoundation.org +> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev +> + +--000000000000d94fce05bd89a580 +Content-Type: text/html; charset="UTF-8" +Content-Transfer-Encoding: quoted-printable + +<div dir=3D"ltr">Bitcoin's security is derived from the energy consumpt= +ion of mining, so reducing the overall expenditure would be an objective de= +crease in resilience.=C2=A0 As a miner, your efficiency at converting energ= +y into hashpower is the driving factor in your profitability, so this and a= +ny other future attempts to decrease the cost of attacking Bitcoin receives= + a hard NACK from me.<br><br>If you're concerned about missing out on t= +he subsidy=C2=A0or fee revenue, grab any number of the sub-500mSAT USB mine= +rs and get access to cheap power.<br><br>Sincerely,<br><br clear=3D"all"><d= +iv><div dir=3D"ltr" class=3D"gmail_signature" data-smartmail=3D"gmail_signa= +ture"><div dir=3D"ltr"><div><div dir=3D"ltr"><div style=3D"color:rgb(33,33,= +33);font-family:"Helvetica Neue",Helvetica,Arial,sans-serif;font-= +size:13px;line-height:19.5px">Eric Martindale, relentless maker.</div><div = +style=3D"color:rgb(33,33,33);font-family:"Helvetica Neue",Helveti= +ca,Arial,sans-serif;font-size:13px;line-height:19.5px">Founder & CEO, <= +a href=3D"https://fabric.fm" target=3D"_blank">Fabric, Inc.</a></div><div s= +tyle=3D"color:rgb(33,33,33);font-family:"Helvetica Neue",Helvetic= +a,Arial,sans-serif;font-size:13px;line-height:19.5px">+1 (919) 374-2020</di= +v></div></div></div></div></div><br></div><br><div class=3D"gmail_quote"><d= +iv dir=3D"ltr" class=3D"gmail_attr">On Sun, Mar 14, 2021 at 9:41 AM LORD HI= +S EXCELLENCY JAMES HRMH via bitcoin-dev <<a href=3D"mailto:bitcoin-dev@l= +ists.linuxfoundation.org">bitcoin-dev@lists.linuxfoundation.org</a>> wro= +te:<br></div><blockquote class=3D"gmail_quote" style=3D"margin:0px 0px 0px = +0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"> + + + + +<div dir=3D"ltr"> +<div style=3D"font-family:Calibri,Helvetica,sans-serif;font-size:12pt;color= +:rgb(0,0,0)"> +</div> +<span style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal= +;text-align:left;background-color:rgb(255,255,255)">Good Afternoon,</span> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +<br> +</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +It is obvious that something needs to be done to curtail the current cost o= +f mining in kWh per block. I understand proposals are rejected because it i= +s considered censorship and Bitcoin has a consensus to allow anyone to mine= + but, since mining requires specific + hardware and energy requirements it is already a form of censorship where = +most on the planet except for the top 6% I am guessing here, cannot afford = +to mine. Without affecting the current algorithm, I have previously begun t= +o explore the process by which mining + can be turned into a lottery with only authorized payto addresses able to = +mine valid blocks, since transaction fees and block rewards exist to pay th= +e miner. It would be better even if the algorithms are improved if there ar= +e some ways that only a subset of + miners can produce valid blocks for any given period, say for 12 months wi= +th four groups starting three months apart to transition, and maybe limit m= +ining to 50 people per continent to produce valid blocks at any one time. P= +ossibly this requires a consortium + to oversee the lottery but it is something Bitcoin can handle themselves, = +and would do better to handle than to wait for government intervention as w= +e have seen previously in China where power was too cheap Bitcoin was banne= +d entirely.</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +<br> +</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +KING JAMES HRMH</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +Great British Empire</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +<br> +</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +Regards,</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +The Australian</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +LORD HIS EXCELLENCY JAMES HRMH (& HMRH)</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +of Hougun Manor & Glencoe & British Empire</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +MR. Damian A. James Williamson</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +Wills</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +<br> +</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +et al.</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +<br> +</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +=C2=A0</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +Willtech</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +<a href=3D"http://www.willtech.com.au" style=3D"color:rgb(27,106,203)" targ= +et=3D"_blank">www.willtech.com.au</a></div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +<a href=3D"http://www.go-overt.com" style=3D"color:rgb(27,106,203)" target= +=3D"_blank">www.go-overt.com</a></div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +and other projects</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +=C2=A0</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +<a href=3D"http://earn.com/willtech" target=3D"_blank">earn.com/willtech</a= +></div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +<a href=3D"http://linkedin.com/in/damianwilliamson" target=3D"_blank">linke= +din.com/in/damianwilliamson</a></div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +<br> +</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +<br> +</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +m. 0487135719</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +f. +61261470192</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +<br> +</div> +<div style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal;= +text-align:left;background-color:rgb(255,255,255)"> +<br> +</div> +<span style=3D"font-family:Cantarell;font-size:14.6667px;font-weight:normal= +;text-align:left;background-color:rgb(255,255,255)">This email does not con= +stitute a general advice. + Please disregard this email if misdelivered.</span> +<div> +<hr style=3D"display:inline-block;width:98%"> +<div id=3D"gmail-m_-5101036930417261306divRplyFwdMsg" dir=3D"ltr"><font sty= +le=3D"font-size:11pt" face=3D"Calibri, sans-serif" color=3D"#000000"><b>Fro= +m:</b> bitcoin-dev <<a href=3D"mailto:bitcoin-dev-bounces@lists.linuxfou= +ndation.org" target=3D"_blank">bitcoin-dev-bounces@lists.linuxfoundation.or= +g</a>> on behalf of Lonero Foundation via bitcoin-dev <<a href=3D"mai= +lto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank">bitcoin-dev@li= +sts.linuxfoundation.org</a>><br> +<b>Sent:</b> Saturday, 6 March 2021 3:16 AM<br> +<b>To:</b> Devrandom <<a href=3D"mailto:c1.devrandom@niftybox.net" targe= +t=3D"_blank">c1.devrandom@niftybox.net</a>><br> +<b>Cc:</b> Bitcoin Protocol Discussion <<a href=3D"mailto:bitcoin-dev@li= +sts.linuxfoundation.org" target=3D"_blank">bitcoin-dev@lists.linuxfoundatio= +n.org</a>><br> +<b>Subject:</b> Re: [bitcoin-dev] BIP Proposal: Consensus (hard fork) PoST = +Datastore for Energy Efficient Mining</font> +<div>=C2=A0</div> +</div> +<div> +<div dir=3D"auto">Also in regards to my other email, I forgot to iterate th= +at my cryptography proposal helps behind the efficiency category but also t= +ackles problems such as NP-Completeness or Halting which is something the B= +TC network could be vulnerable to + in the future. For sake of simplicity, I do want to do this BIP because it= + tackles lots of the issues in regards to this manner and can provide usefu= +l insight to the community. If things such as bigger block height have been= + proposed as hard forks, I feel + at the very least an upgrade regarding the hashing algorithm and cryptogra= +phy does at least warrant some discussion. Anyways I hope I can send you my= + BIP, just let me know on the preferred format? +<div dir=3D"auto"><br> +</div> +<div dir=3D"auto">Best regards, Andrew</div> +</div> +<br> +<div> +<div dir=3D"ltr">On Fri, Mar 5, 2021, 10:12 AM Lonero Foundation <<a hre= +f=3D"mailto:loneroassociation@gmail.com" target=3D"_blank">loneroassociatio= +n@gmail.com</a>> wrote:<br> +</div> +<blockquote style=3D"margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204= +,204,204);padding-left:1ex"> +<div dir=3D"auto">Hi, this isn't about the energy efficient argument in= + regards to renewables or mining devices but a better cryptography layer to= + get the most out of your hashing for validation. I do understand the arbit= +rariness of it, but do want to still propose + a document. Do I use the Media Wiki format on GitHub and just attach it as= + my proposal? +<div dir=3D"auto"><br> +</div> +<div dir=3D"auto">Best regards, Andrew</div> +</div> +<br> +<div> +<div dir=3D"ltr">On Fri, Mar 5, 2021, 10:07 AM Devrandom <<a href=3D"mai= +lto:c1.devrandom@niftybox.net" rel=3D"noreferrer" target=3D"_blank">c1.devr= +andom@niftybox.net</a>> wrote:<br> +</div> +<blockquote style=3D"margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204= +,204,204);padding-left:1ex"> +<div dir=3D"auto"> +<div dir=3D"ltr"> +<div>Hi Ryan and Andrew,<br> +</div> +<br> +<div> +<div dir=3D"ltr">On Fri, Mar 5, 2021 at 5:42 AM Ryan Grant via bitcoin-dev = +<<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" rel=3D"norefer= +rer noreferrer noreferrer" target=3D"_blank">bitcoin-dev@lists.linuxfoundat= +ion.org</a>> wrote:<br> +</div> +<blockquote style=3D"margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204= +,204,204);padding-left:1ex"> +<br> +=C2=A0 <a href=3D"https://www.truthcoin.info/blog/pow-cheapest/" rel=3D"nor= +eferrer noreferrer noreferrer noreferrer" target=3D"_blank"> +https://www.truthcoin.info/blog/pow-cheapest/</a><br> +=C2=A0 =C2=A0 "Nothing is Cheaper than Proof of Work"<br> +=C2=A0 =C2=A0 on | 04 Aug 2015<br> +<br> +</blockquote> +<div><br> +</div> +<div>Just to belabor this a bit, the paper demonstrates that the mining mar= +ket will tend to expend resources equivalent to miner reward.=C2=A0 It does= + not prove that mining work has to expend *energy* as a primary cost.<br> +</div> +<div><br> +</div> +<div>Some might argue that energy expenditure has negative externalities an= +d that we should move to other resources.=C2=A0 I would argue that the nega= +tive externalities will go away soon because of the move to renewables, so = +the point is likely moot.=C2=A0</div> +<div><br> +</div> +</div> +</div> +</div> +</blockquote> +</div> +</blockquote> +</div> +</div> +</div> +</div> + +_______________________________________________<br> +bitcoin-dev mailing list<br> +<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank">= +bitcoin-dev@lists.linuxfoundation.org</a><br> +<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" = +rel=3D"noreferrer" target=3D"_blank">https://lists.linuxfoundation.org/mail= +man/listinfo/bitcoin-dev</a><br> +</blockquote></div> + +--000000000000d94fce05bd89a580-- + |