On Mon, Jun 10, 2013 at 09:23:14PM +, Luke-Jr wrote:
They always (usually?) work on the subset of transactions common to both
the pool's getblocktemplate and their local one. When they find a share
if it doesn't meet difficulty they just hand it to the pool. Currently
that is done by
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
On Friday, June 14, 2013 8:06:54 PM Peter Todd wrote:
On Mon, Jun 10, 2013 at 09:23:14PM +, Luke-Jr wrote:
Might as well just use higher difficulty shares (each one audited) for
the same effect. Block proposals allow the miner to tell the pool its
transaction set once (per txset change)
Note that the earn a mixture of BTC and TBC, but not both in full volume
only works for TBC because the price is by definition fixed with BTC.
I'm not sure how you could implement something like this for an altcoin where
the price is floating independently of Bitcoin.. that is, how you would
my initial idea (not sure if it is good) was to have an asymetric market.
lets say you want to create altcoin ALC. ALC are merge-mined with btc,
though without block reward.
to create 1 ALC you have two choices: destroy 1 BTC, or buy 1 ALC for a
floating amount from an exchange.
in my book, this
It seems so much easier to just allow bitcoin testnet to be used more widely
for larger scale bitcoin staging. People can assign value as they wish to
testnet bitcoins but at their own risk/peril. This incremental amount of value
though would allow for testing of larger ideas, ideas that
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