Tier Nolan writes:
> On Sat, May 16, 2015 at 1:22 AM, Rusty Russell
> wrote:
>> 3) ... or maybe not, if any consumed UTXO was generated before the soft
>>fork (reducing Tier's perverse incentive).
>
> The incentive problem can be fixed by excluding UTXOs from blocks before a
> certain count.
I think the basic reality is that a) an arbitrarily elevated level of
hashing is fundamental to a truly decentralised, autonomous network,
and is an essential cost to maintaining Bitcoin, b) there are no signs
that this fact will change, c) there must be some replacement to the
current system of in
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