From: Jeremy <jlrubin@mit•edu>
To: vjudeu@gazeta•pl,
Bitcoin Protocol Discussion
<bitcoin-dev@lists•linuxfoundation.org>
Cc: Billy Tetrud <billy.tetrud@gmail•com>
Subject: Re: [bitcoin-dev] [Bitcoin Advent Calendar] Decentralized Coordination Free Mining Pools
Date: Thu, 23 Dec 2021 11:05:22 -0800 [thread overview]
Message-ID: <CAD5xwhhNgVp1wb3+CEAnGmCoYHFKQPPqRg-WvkCuaD+8WAAG_Q@mail.gmail.com> (raw)
In-Reply-To: <151161119-8858833d76ec6beed19cf87cc542dc62@pmq3v.m5r2.onet>
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> If you introduce signing into mining, then you will have cases, where
> someone is powerful enough to produce blocks, but cannot, because signing
> is needed. Then, your consensus is no longer "the heaviest chain", but "the
> heaviest signed chain". That means, your computing power is no longer
> enough by itself (as today), because to make a block, you also need some
> kind of "permission to mine", because first you sign things (like in
> signet) and then you mine them. That kind of being "reliably unreliable"
> may be ok for testing, but not for the main network.
this is a really great point worth underscoring. this is the 'key
ingredient' for DCFMP, which is that there is no signing or other network
system that is 'in the way' of normal bitcoin mining, just an opt-in set of
rules for sharing the bounties of your block in exchange for future shares.
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next prev parent reply other threads:[~2021-12-23 19:05 UTC|newest]
Thread overview: 21+ messages / expand[flat|nested] mbox.gz Atom feed top
2021-12-12 16:43 Jeremy
2021-12-12 23:14 ` vjudeu
2021-12-13 1:31 ` Jeremy
[not found] ` <20211214190524.GA30559@mcelrath.org>
2021-12-14 19:39 ` Jeremy
2021-12-14 19:50 ` Jeremy
2021-12-15 0:12 ` Bob McElrath
2021-12-15 17:25 ` Billy Tetrud
2021-12-15 18:39 ` Jeremy
2021-12-15 18:51 ` Bob McElrath
2021-12-16 9:35 ` vjudeu
2021-12-16 16:57 ` Billy Tetrud
2021-12-17 0:37 ` Jeremy
2021-12-17 6:37 ` vjudeu
2021-12-20 17:18 ` Billy Tetrud
2021-12-23 11:56 ` vjudeu
2021-12-23 19:05 ` Jeremy [this message]
2022-01-18 18:15 ` Billy Tetrud
2021-12-14 23:33 ` Bob McElrath
2021-12-15 21:10 ` yanmaani
2021-12-15 21:53 ` Jeremy
2021-12-13 14:10 vjudeu
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