> What you are focusing on is only this:
>
> * Proof-of-work.
Bitcoin's primary value proposition is that it's the most resistant to
change: All other coins are these malleable things centrally
controlled and easily moved about by politics and nonsense. So
discussions of POW changes... open
Good morning Karl,
> > > Reddit claims two entities controlled 62% of the hashrate recently:
> > > https://old.reddit.com/r/CryptoCurrency/comments/gmhuon/in_the_last_24_hours_bitcoins_nakamoto/
> > > . Compromising the systems of these two groups seems like it is all
> > > that is needed to
Hi ZmnSCPxj,
We have been addressing many concepts. Let's try to slowly trim it down
for simplicity.
> Reddit claims two entities controlled 62% of the hashrate recently:
> https://old.reddit.com/r/CryptoCurrency/comments/gmhuon/in_the_last_24_hours_bitcoins_nakamoto/
> . Compromising the
Hi Ariel,
Thanks for your reply.
You state that once "the entire world" can quickly find a hash that it then
"needs to be changed", but that that "won't happen in a day".
It sounds like you believe compromise of the algorithm as a concern
provides a _lot_ of time to migrate to a new hash
On May 24, 2020, 1:26 PM, at 1:26 PM, Karl via bitcoin-dev
wrote:
>Hi ZmnSCPxj,
>
>Thanks for your reply. I'm on mobile so please excuse me for
>top-posting.
>
>I'd like to sort these various points out. Maybe we won't finish the
>whole
>discussion, but maybe at least we can update wiki
Good morning Kari,
> > > You mention ASICs becoming commoditized. I'd remind you that eventually
> > > there will be a public mathematical breaking of the algorithm, at which
> > > point all ASICs will become obsolete regardless. Would you agree it
> > > would be better to prepare for this
Hi ZmnSCPxj,
Thanks for your reply. I'm on mobile so please excuse me for top-posting.
I'd like to sort these various points out. Maybe we won't finish the whole
discussion, but maybe at least we can update wiki articles like
https://en.bitcoin.it/wiki/Hashcash#Cryptanalytic_Risks with more
Good afternoon ZmnSCPxj,
Thanks for holding your end of this discussion with me.
Sorry I am so verbose; I am still learning to communicate efficiently.
> You mention ASICs becoming commoditized. I'd remind you that eventually
> there will be a public mathematical breaking of the algorithm, at
Good morning Kari,
> You mention ASICs becoming commoditized. I'd remind you that eventually
> there will be a public mathematical breaking of the algorithm, at which point
> all ASICs will become obsolete regardless. Would you agree it would be
> better to prepare for this by planning
Good morning Karl,
> Hi,
>
> I'd like to revisit the discussion of the digest algorithm used in hashcash.
>
> I believe migrating to new hashing algorithms as a policy would significantly
> increase decentralization and hence security.
Why do you believe so?
My understanding is that there are
Hi,
I'd like to revisit the discussion of the digest algorithm used in hashcash.
I believe migrating to new hashing algorithms as a policy would
significantly increase decentralization and hence security.
I believe the impact on existing miners could be made pleasant by gradually
moving the
11 matches
Mail list logo
