From: Jeff Garzik <jgarzik@bitpay•com>
To: Sergio Lerner <sergiolerner@certimix•com>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] Death by halving (pro-active proposals)
Date: Wed, 29 Oct 2014 13:25:19 -0400 [thread overview]
Message-ID: <CAJHLa0M5GBE69iVmFYm=uxSeVmB=iM-+9n-VW+XHg0hvDu=Ycg@mail.gmail.com> (raw)
In-Reply-To: <5450FAE1.5040508@certimix.com>
Seconded - IMO a key future use of the chain will be securing other
chains. I'm interested in pursuing the merged-mining angle.
Getting chain hashes to a miner, and getting that miner payment from
the chain, is key to this. Consider a future where there are 10,000
chains secured by one block...
On Wed, Oct 29, 2014 at 10:34 AM, Sergio Lerner
<sergiolerner@certimix•com> wrote:
> 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.
>
>
>
> ------------------------------------------------------------------------------
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> Bitcoin-development mailing list
> Bitcoin-development@lists•sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
--
Jeff Garzik
Bitcoin core developer and open source evangelist
BitPay, Inc. https://bitpay.com/
next prev parent reply other threads:[~2014-10-29 17:25 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 ` [Bitcoin-development] Death by halving (pro-active proposals) Sergio Lerner
2014-10-29 17:25 ` Jeff Garzik [this message]
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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