From: Sergio Lerner <sergiolerner@certimix•com>
To: bitcoin-development@lists•sourceforge.net
Subject: [Bitcoin-development] Death by halving (pro-active proposals)
Date: Wed, 29 Oct 2014 11:34:09 -0300 [thread overview]
Message-ID: <5450FAE1.5040508@certimix.com> (raw)
In-Reply-To: <CADfmNE=2yw65aVEr=HVLWGrcQMbvpRKjraaYZehtfX=xTbdsiw@mail.gmail.com>
Instead of discussing what will happen when the subsidy is halved (which
nobody really knows) maybe we can think about of what we can do to
mitigate any damage in case something unwanted happens. Let's be proactive.
For instance, any form of merged-mining (like higher frequency
side-chains) will end-up increasing miners profit, even by a small
margin. Then that margin can compensate miners not to turn off their
equipment. Then we can encourage merge-mining on SHA-256, instead of
discouraging SHA-256 alt-coins.
Also we can encourage mining during the "trouble" period by creating a
donation pool: suppose we manage to convince miners to donate 1% of
their revenue in order to pay back to the miners for the first month
after the reward halving. If every block pays 1% for 10 months, then
every block during the first month of halving will earn 20% more. Of
course, convincing miners of this may be difficult, but not impossible.
It could be done automatically with nLockTime freeze of transactions
with high fees, so no TTP is necessary.
So here are two proposals, any other idea?
Best regards,
Sergio.
next prev parent reply other threads:[~2014-10-29 14:34 UTC|newest]
Thread overview: 29+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-10-25 18:06 [Bitcoin-development] death by halving Alex Mizrahi
2014-10-25 18:12 ` Jeff Garzik
2014-10-25 18:22 ` Alex Mizrahi
2014-10-25 18:31 ` Jeff Garzik
2014-10-25 19:08 ` Alex Mizrahi
2014-10-25 19:16 ` Gavin Andresen
2014-10-25 19:53 ` Alex Mizrahi
2014-10-25 21:50 ` Melvin Carvalho
2014-10-28 20:17 ` Ferdinando M. Ametrano
[not found] ` <CAAS2fgSiz-XRVQ4V+KbrTUWG4=g=WGf8c-pF4b4fFnfyU9HOqQ@mail.gmail.com>
2014-10-28 20:36 ` [Bitcoin-development] Fwd: " Gregory Maxwell
2014-10-28 20:57 ` Alex Mizrahi
2014-10-28 21:19 ` Jérémie Dubois-Lacoste
2014-10-28 21:43 ` Gregory Maxwell
2014-10-28 22:43 ` Ferdinando M. Ametrano
2014-10-29 14:34 ` Sergio Lerner [this message]
2014-10-29 17:25 ` [Bitcoin-development] Death by halving (pro-active proposals) Jeff Garzik
2014-10-28 21:23 ` [Bitcoin-development] Fwd: death by halving Ferdinando M. Ametrano
2014-10-28 21:34 ` Neil
2014-10-28 21:44 ` Ferdinando M. Ametrano
2014-10-28 22:00 ` Thomas Zander
2014-10-28 22:38 ` Ferdinando M. Ametrano
2014-10-28 21:57 ` Christophe Biocca
2014-10-25 20:27 ` [Bitcoin-development] " Adam Back
2014-10-25 20:43 ` Thomas Zander
2014-10-25 20:28 ` Thomas Zander
2014-10-25 20:49 ` Alex Mizrahi
2014-10-25 21:51 ` Alexander Leishman
2014-10-25 22:10 ` Ross Nicoll
2014-10-25 22:42 ` Melvin Carvalho
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