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> If miners empty block forever whats next? Change the PoW algorithm. Do you follow bitcoin, or a dead algorithm? It is always best to understand a subject b
by Frogolocalypse 9y ago
> If miners empty block forever whats next?
Change the PoW algorithm. Do you follow bitcoin, or a dead algorithm?
It is always best to understand a subject before commenting on it.
- homakov 9y agoNext question: what exactly algo? What hashrate will be? It will be 2009 back, with weak chain = basically without any security from double spends.
- Frogolocalypse 9y agoI would suggest asking these questions in the github repo.
- homakov 9y agoJust think ahead and you'll see there's no actual _plan_. Just ideas floating around. New PoW means weak and easily hijackable consensus, which means no trust from public. So this _is_ the problem that has no solution as far as we know.
- Frogolocalypse 9y agoincorrect. These implementations were developed during the uasf event. They're also known attack vectors. You're insinuating that no one has developed any solutions to attack vectors that have been known about since its creation. Which is kinda ridiculous.
- homakov 9y agoPoint me there, I will research them. How do they solve energy distribution? It's not that china has the asics - it's that they have the electricity which dominates any PoW by design. So it's unfair for any PoW change even if you assume the security remains as high as on old alg.