The software currently allows up to a two hour difference between the
system clock and the time implied by a fresh block's timestamp (if I
remember correctly). This reliance on realtime system clocks can be used
in a much weaker form to justify a plan for a difficulty adjustment to be
built into
Mining is a lottery.
e
> On Mar 22, 2020, at 07:10, LORD HIS EXCELLENCY JAMES HRMH via bitcoin-dev
> wrote:
>
>
> There seems to be the real possibility that miners are simply trying to
> optimise mining profit by limiting the average hash rate during the
> retargeting, saving some
On Sun, 2020-03-22 at 11:30 -0400, Russell O'Connor wrote:
> Your claim is that if we don't fix the pubkey issue there is no point
> in fixing the signature issue. I disagree. While I think both
> issues need to be fully addressed, the issues around the original
> proposed non-deterministic
On Sun, Mar 22, 2020 at 5:43 AM Tim Ruffing wrote:
> On Sat, 2020-03-21 at 12:59 -0400, Russell O'Connor wrote:
> > Public keys are deterministic and can be spot checked. In fact,
> > AFAIU if hardened HD key derivations are not used, then spot checking
> > is very easy.
> >
> > While spot
There seems to be the real possibility that miners are simply trying to
optimise mining profit by limiting the average hash rate during the
retargeting, saving some electricity but poorly considering the overall
situation where they give opportunity to other miners probably raising the
On Sat, 2020-03-21 at 12:59 -0400, Russell O'Connor wrote:
> Public keys are deterministic and can be spot checked. In fact,
> AFAIU if hardened HD key derivations are not used, then spot checking
> is very easy.
>
> While spot checking isn't ideal, my original concern with the
> synthetic none
I have completely revised the wording of this proposal I hope to be clearer in
explaining the motivation and methodology.
https://gist.github.com/ethankosakovsky/268c52f018b94bea29a6e809381c05d6
Ethan
‐‐‐ Original Message ‐‐‐
On Friday, March 20, 2020 4:44 PM, Ethan Kosakovsky via
On Sat, Mar 21, 2020 at 11:40:24AM -0700, Dave Scotese via bitcoin-dev wrote:
> [Imagine] we also see mining power dropping off at a rate that
> suggests the few days [until retarget] might become a few weeks, and
> then, possibly, a few months or even the unthinkable, a few eons. I'm
> curious
