From: Peter Todd <pete@petertodd•org>
To: Kyle Jerviss <kjj@jerviss•org>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] we can all relax now
Date: Thu, 7 Nov 2013 08:09:20 -0500 [thread overview]
Message-ID: <20131107130920.GA22476@savin> (raw)
In-Reply-To: <527B1E30.9090800@jerviss.org>
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On Wed, Nov 06, 2013 at 10:59:28PM -0600, Kyle Jerviss wrote:
> Each block that you solve has a reward. In practice, some blocks
> will be orphaned, so the expected reward is slightly less than the
> nominal reward. Each second that you delay publishing a block, the
> expected reward drops somewhat.
You don't understand how to read papers.
A good author will state his assumptions. For instance my third
paragraph read:
Now in a purely inflation subsidy environment, where I don't care about
the other miners success, of course I should publish. However, if my
goals are to find *more* blocks than the other miners for whatever
reason, maybe because transaction fees matter or I'm trying to get
nLockTime'd announce/commit fee sacrifices, it gets more complicated.
Now that you understand the assumptions made, you can attack the paper
in one of two ways:
1) Show it's wrong.
2) Show its assumptions make it irrelevant.
You've done neither.
--
'peter'[:-1]@petertodd.org
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next prev parent reply other threads:[~2013-11-07 13:09 UTC|newest]
Thread overview: 21+ messages / expand[flat|nested] mbox.gz Atom feed top
2013-11-06 5:33 kjj
2013-11-06 9:26 ` Frank F
2013-11-06 11:35 ` Jeff Garzik
2013-11-06 18:06 ` Christophe Biocca
2013-11-07 3:44 ` Peter Todd
2013-11-07 4:15 ` Kyle Jerviss
2013-11-07 4:33 ` Peter Todd
2013-11-07 4:59 ` Kyle Jerviss
2013-11-07 13:09 ` Peter Todd [this message]
2013-11-07 4:56 ` Gavin Andresen
2013-11-07 13:24 ` Peter Todd
2013-11-07 16:14 ` Mike Hearn
2013-11-07 18:28 ` Daniel Lidstrom
2013-11-08 19:49 ` Andreas M. Antonopoulos
2013-11-08 20:33 ` Gregory Maxwell
2013-11-15 10:58 ` Peter Todd
2013-11-07 8:07 ` Jannes Faber
2013-11-07 5:24 ` Kyle Jerviss
2013-11-06 18:17 ` Melvin Carvalho
2013-11-06 22:19 ` Jouke Hofman
2014-05-10 11:05 ` E willbefull
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