Re: [bitcoin-dev] An alternative way to protect the network from 51% attacks threat

2017-06-19 Thread Moral Agent via bitcoin-dev
Here is the text of a post to reddit from Feb 2017, discussing a similar idea, and wondering if it could reduce the incentive to delay broadcast of solved blocks: # How an anchored Proof of Stake Sidechain can help the Bitcoin main chain # Steps: 1. Soft fork Bitcoin to enable side chains 2.

Re: [bitcoin-dev] An alternative way to protect the network from 51% attacks threat

2017-06-19 Thread Peter Todd via bitcoin-dev
On Tue, Jun 20, 2017 at 02:01:45AM +0800, Wang Chun via bitcoin-dev wrote: > There has been proposal to change the PoW in case of potential 51% attacks > from malicious miners during a fork. But such a change in PoW renders > multi-billion-dollar of ASIC into worthless. which hurts economy so much