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Agreed. The network would grind to a hault if the mining algorithm was changed without notifying everyone first. I have to imagine a new version of the node sof
by xur17 4y ago
Agreed. The network would grind to a hault if the mining algorithm was changed without notifying everyone first. I have to imagine a new version of the node software is released (fork) that changes the hashing algorithm starting at X block. Anything else would be.. stupid.
- pengaru 4y agoWhen your currency intends to keep changing the algorithm, the protocol itself should describe the algorithm to use and automate the changeover process. It's not the manual aspect that is defending against ASIC miners, it's the non-determinism of what the algorithm is going to be. If you keep it that way for years, it starts looking very deliberate. In this scenario I'd describe the "insiders" as those participating in and following monero's development closely enough to be continuously aware of these changes at the source level. We're not talking about SEC regulated crap where insider trading is well defined, this is all unregulated wild west software land. Insiders are the nerds cloning git repos and building from source, lurking in monero chat rooms all day, etc.