From: Alex Mizrahi <alex.mizrahi@gmail•com>
To: Bitcoin Protocol Discussion <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] BIP proposal: Inhibiting a covert attack on the Bitcoin POW function
Date: Thu, 6 Apr 2017 20:04:29 +0300 [thread overview]
Message-ID: <CAE28kURxDezNJ9-SG_iogFZ45G0-2etBvo6oOkoeRgW8C330Eg@mail.gmail.com> (raw)
In-Reply-To: <F5F02B94-E094-4C16-80B6-8B0876E423E4@toom.im>
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> Ethically, this situation has some similarities to the DAO fork.
There are no similarities.
The DAO fork was against the principles of cryptocurrencies: a change of
the ledger done in violation of pre-agreed rules. The whole point of
cryptocurrency is to avoid shit like that. (E.g. a central banker changing
ledger as he wants.)
Greg's proposal is in line with the principles of cryptocurrencies:
PoW-based cryptocurrency can work only if there is a competition between
miners, which requires all miners to have equal access to the technology.
The notion that Bitmain is entitled to future profits is completely
ridiculous. Every investment has a risk, and doing unusual stuff which
boosts your profits is associated with increased risk. Developers just need
to make sure all miners are on equal grounds, as that's the whole point of
the protocol. If Bitmain loses their profits because of that it's really
just Bitmain's problem.
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next prev parent reply other threads:[~2017-04-06 17:04 UTC|newest]
Thread overview: 49+ messages / expand[flat|nested] mbox.gz Atom feed top
2017-04-05 21:37 Gregory Maxwell
2017-04-05 23:05 ` theymos
2017-04-06 0:17 ` Gregory Maxwell
2017-04-06 0:39 ` Joseph Poon
2017-04-06 0:40 ` Joseph Poon
2017-04-06 1:32 ` Gregory Maxwell
2017-04-06 2:09 ` Joseph Poon
2017-04-05 23:25 ` Anthony Towns
2017-04-05 23:42 ` Joseph Poon
2017-04-06 2:10 ` Jonathan Toomim
2017-04-06 20:21 ` Jared Lee Richardson
2017-04-06 2:31 ` Peter Todd
2017-04-06 2:39 ` Bram Cohen
2017-04-06 2:49 ` Peter Todd
2017-04-06 3:11 ` Erik Aronesty
2017-04-06 3:23 ` Peter Todd
2017-04-06 3:23 ` David Vorick
2017-04-06 3:42 ` Peter Todd
2017-04-06 5:46 ` Thomas Daede
2017-04-06 6:24 ` Jonathan Toomim
2017-04-06 12:04 ` David Vorick
[not found] ` <CAMZUoK=oDAD9nhFAHkgncWtYxjBNh3qXbUffOH57QMnqjhmN6g@mail.gmail.com>
[not found] ` <CAMZUoKn8tr3LGbks0TnaCx9NTP6MZUzQ8PE6jDq1xiqpYyYwow@mail.gmail.com>
2017-04-06 13:55 ` Russell O'Connor
2017-04-06 16:49 ` Marco
2017-04-06 17:04 ` Alex Mizrahi [this message]
2017-04-06 17:13 ` Alex Mizrahi
2017-04-07 12:59 ` Jannes Faber
2017-04-07 13:28 ` Erik Aronesty
2017-04-06 17:31 ` Jared Lee Richardson
2017-04-06 17:26 ` Jared Lee Richardson
2017-04-06 15:36 ` Alex Mizrahi
2017-04-06 17:51 ` Jorge Timón
2017-04-06 7:24 ` bfd
2017-04-06 9:17 ` Luke Dashjr
2017-04-06 12:02 ` Luv Khemani
2017-04-06 12:11 ` Bryan Bishop
2017-04-06 17:43 ` Timo Hanke
2017-04-06 12:30 ` Luv Khemani
2017-04-06 15:15 ` Jorge Timón
2017-04-06 15:41 ` Daniel Robinson
2017-04-06 16:13 ` Andreas Schildbach
2017-04-06 21:38 ` Gregory Maxwell
2017-04-06 4:47 Oliver Petruzel
2017-04-06 4:49 Raystonn .
2017-04-06 7:47 ` praxeology_guy
2017-04-06 12:13 ` David Vorick
2017-04-07 1:34 Daniele Pinna
2017-04-07 6:46 ` Emilian Ursu
2017-04-07 7:44 ` Alex Mizrahi
2017-04-07 8:08 ` praxeology_guy
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