Re: [Bitcoin-development] Request for comments on hybrid, PoW/PoS enhancement for Bitcoin

2015-02-25 Thread Chris Page
I definitely need to have an deeper understanding of that paper before proceeding. Thanks for the reference! On Wed, Feb 25, 2015 at 4:58 PM, Andrew Lapp wrote: > Having stakeholders "endorse" blocks has, according to you, the benefits > of increasing the number of full nodes and making a 51%

Re: [Bitcoin-development] Request for comments on hybrid, PoW/PoS enhancement for Bitcoin

2015-02-25 Thread Andrew Lapp
Having stakeholders "endorse" blocks has, according to you, the benefits of increasing the number of full nodes and making a 51% attack more expensive. It seems to me it would have the opposite effects and other negative side effects. Any stakeholder that has "won" could just be running an SPV

Re: [Bitcoin-development] Request for comments on hybrid PoW/PoS enhancement for Bitcoin

2015-02-25 Thread Mike Hearn
Hi Chris, Just FYI you may not have received much feedback on this because Gmail put it into the spam folder for some reason. So I'm guessing a lot of people didn't see it. My main feedback is - I do not really see how this is different from actual mining. Mining also incentives the running of fu

Re: [Bitcoin-development] Request for comments on hybrid PoW/PoS enhancement for Bitcoin

2015-02-25 Thread Chris Page
Thanks for the feedback and questions. Answers inline. On Tue, Feb 24, 2015 at 9:54 AM, Jameson Lopp wrote: > This is an interesting idea from the standpoint of trying to incentivize > people to run nodes, though from a high level it seems to just be adding > complexity to the current process b

Re: [Bitcoin-development] Request for comments on hybrid PoW/PoS enhancement for Bitcoin

2015-02-25 Thread Chris Page
Hi Mike, Thanks for the feedback and letting me know that my earlier emails fell victim to spam. My scheme might be better because it would add further incentives for running full nodes. A full node can be run on even a cheap laptop. In my experience, once a person new to bitcoin accepts it as

Re: [Bitcoin-development] Request for comments on hybrid PoW/PoS enhancement for Bitcoin

2015-02-25 Thread Jameson Lopp
This is an interesting idea from the standpoint of trying to incentivize people to run nodes, though from a high level it seems to just be adding complexity to the current process by which nodes 'endorse' blocks. When a node receives and validates a block it then informs its peers of the new invent

[Bitcoin-development] Request for comments on hybrid PoW/PoS enhancement for Bitcoin

2015-02-23 Thread Chris Page
I'm soliciting feedback on an idea to will improve security, increase the number of full nodes, and provide more avenues for bitcoin distribution. The idea is still in its infancy, but I need constructive feedback before I take this further, or decide to abandon the idea. In particular, my ego is