In regards to my BIP proposal, I finally added a bit more details to the draft. So far an interesting discussion to say the least. Best regards, Andrew On Tue, Mar 16, 2021, 9:23 AM Thomas Hartman via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > MY LORD HIS EXCELLENCY: > > It is indeed a contest between free markets and central planning. > > Governments can in effect say, you are permitted to buy energy to > smelt aluminum, but not to mine bitcoin, even if bitcoin is more > profitable. > > To the extent that free markets in energy are suppressed, as you > pointed out in china, bitcoin can indeed be suppressed. > > The solution is not to make bitcoin a centrally managed currency, > but to fight hard for free speech, free markets, and in particular > free markets in energy. > > That being said, bitcoin is designed to thrive even if driven > underground. > > Your humble subject etc. > > > > > > On Sun, Mar 14, 2021 at 9:41 AM LORD HIS EXCELLENCY JAMES HRMH via > bitcoin-dev wrote: > > > > Good Afternoon, > > > > It is obvious that something needs to be done to curtail the current > cost of mining in kWh per block. I understand proposals are rejected > because it is considered censorship and Bitcoin has a consensus to allow > anyone to mine but, since mining requires specific hardware and energy > requirements it is already a form of censorship where most on the planet > except for the top 6% I am guessing here, cannot afford to mine. Without > affecting the current algorithm, I have previously begun to explore the > process by which mining can be turned into a lottery with only authorized > payto addresses able to mine valid blocks, since transaction fees and block > rewards exist to pay the miner. It would be better even if the algorithms > are improved if there are some ways that only a subset of miners can > produce valid blocks for any given period, say for 12 months with four > groups starting three months apart to transition, and maybe limit mining to > 50 people per continent to produce valid blocks at any o > ne time. Possibly this requires a consortium to oversee the lottery but > it is something Bitcoin can handle themselves, and would do better to > handle than to wait for government intervention as we have seen previously > in China where power was too cheap Bitcoin was banned entirely. > > > > KING JAMES HRMH > > Great British Empire > > > > Regards, > > The Australian > > LORD HIS EXCELLENCY JAMES HRMH (& HMRH) > > of Hougun Manor & Glencoe & British Empire > > MR. Damian A. James Williamson > > Wills > > > > et al. > > > > > > Willtech > > www.willtech.com.au > > www.go-overt.com > > and other projects > > > > earn.com/willtech > > linkedin.com/in/damianwilliamson > > > > > > m. 0487135719 > > f. +61261470192 > > > > > > This email does not constitute a general advice. Please disregard this > email if misdelivered. > > ________________________________ > > From: bitcoin-dev on > behalf of Lonero Foundation via bitcoin-dev < > bitcoin-dev@lists.linuxfoundation.org> > > Sent: Saturday, 6 March 2021 3:16 AM > > To: Devrandom > > Cc: Bitcoin Protocol Discussion > > Subject: Re: [bitcoin-dev] BIP Proposal: Consensus (hard fork) PoST > Datastore for Energy Efficient Mining > > > > Also in regards to my other email, I forgot to iterate that my > cryptography proposal helps behind the efficiency category but also tackles > problems such as NP-Completeness or Halting which is something the BTC > network could be vulnerable to in the future. For sake of simplicity, I do > want to do this BIP because it tackles lots of the issues in regards to > this manner and can provide useful insight to the community. If things such > as bigger block height have been proposed as hard forks, I feel at the very > least an upgrade regarding the hashing algorithm and cryptography does at > least warrant some discussion. Anyways I hope I can send you my BIP, just > let me know on the preferred format? > > > > Best regards, Andrew > > > > On Fri, Mar 5, 2021, 10:12 AM Lonero Foundation < > loneroassociation@gmail.com> wrote: > > > > Hi, this isn't about the energy efficient argument in regards to > renewables or mining devices but a better cryptography layer to get the > most out of your hashing for validation. I do understand the arbitrariness > of it, but do want to still propose a document. Do I use the Media Wiki > format on GitHub and just attach it as my proposal? > > > > Best regards, Andrew > > > > On Fri, Mar 5, 2021, 10:07 AM Devrandom > wrote: > > > > Hi Ryan and Andrew, > > > > On Fri, Mar 5, 2021 at 5:42 AM Ryan Grant via bitcoin-dev < > bitcoin-dev@lists.linuxfoundation.org> wrote: > > > > > > https://www.truthcoin.info/blog/pow-cheapest/ > > "Nothing is Cheaper than Proof of Work" > > on | 04 Aug 2015 > > > > > > Just to belabor this a bit, the paper demonstrates that the mining > market will tend to expend resources equivalent to miner reward. It does > not prove that mining work has to expend *energy* as a primary cost. > > > > Some might argue that energy expenditure has negative externalities and > that we should move to other resources. I would argue that the negative > externalities will go away soon because of the move to renewables, so the > point is likely moot. > > > > _______________________________________________ > > bitcoin-dev mailing list > > bitcoin-dev@lists.linuxfoundation.org > > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev@lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev >