Agreed. What I mean is a coinbase for parity-priced alt-coin would be intentionally considered (and required by the alt-coin to be considered) an invalid bitcoin address, and vice versa. The difference is for this purpose it is both valid alt-coin coinbase (as well as unspendable bitcoin coinbase).
Adam On Fri, Jun 14, 2013 at 03:20:58PM -0400, Peter Todd wrote: >On Thu, Jun 13, 2013 at 03:39:32PM +0200, Adam Back wrote: >> I had one thought towards this which is a different kind of merged mining. >> >> I think a "fair" merged mining aiming for price parity would be done by the >> miner having to choose the altcoin or btc at mine time, and altcoin chain >> considering btc mine unspendable and bitcoin considering ac unspendable. > >One way to look at what you are describing is to say you want to prove >your sacrifice of potential BTC earnings. That goes back to the PoW >hashcash stuff I mentioned earlier, and is accomplished by simply mining >shares with an unspendable coinbase to prove you did work that could >have resulted in Bitcoins, but didn't. ------------------------------------------------------------------------------ This SF.net email is sponsored by Windows: Build for Windows Store. http://p.sf.net/sfu/windows-dev2dev _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
