From: Karl <gmkarl@gmail•com>
To: Eric Voskuil <eric@voskuil•org>,
Bitcoin Protocol Discussion
<bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Proposal: Force to do nothing for first 9 minutes to save 90% of mining energy
Date: Sun, 16 May 2021 19:29:47 -0400 [thread overview]
Message-ID: <CALL-=e6yBtfm+p_Hd6pwOqaUf9oq5E8quDYabtAx11PAmRrixQ@mail.gmail.com> (raw)
In-Reply-To: <E03220BF-547C-4E84-8DB9-A11F6BBB1530@voskuil.org>
On 5/16/21, Eric Voskuil via bitcoin-dev
<bitcoin-dev@lists•linuxfoundation.org> wrote:
> https://github.com/libbitcoin/libbitcoin-system/wiki/Efficiency-Paradox
> https://github.com/libbitcoin/libbitcoin-system/wiki/Proof-of-Memory-Fallacy
The chain security actually reduces by 10% in this proposal. So the
efficiency paradox is not violated, it is just the real cost of
confirming a transaction is reduced, because there is actually less
security. This eventually reduces the price of bitcoin and reduces the
amount of electricity the block reward can eventually buy.
next prev parent reply other threads:[~2021-05-16 23:29 UTC|newest]
Thread overview: 21+ messages / expand[flat|nested] mbox.gz Atom feed top
2021-05-14 21:41 Michael Fuhrmann
2021-05-15 22:14 ` René Pickhardt
2021-05-15 22:19 ` Pavol Rusnak
2021-05-16 15:30 ` Zac Greenwood
2021-05-16 18:10 ` Karl
2021-05-16 20:31 ` Anton Ragin
2021-05-16 22:06 ` Eric Voskuil
2021-05-16 23:29 ` Karl [this message]
2021-05-16 21:15 ` Zac Greenwood
2021-05-16 22:05 ` Karl
2021-05-17 9:34 ` Zac Greenwood
2021-05-17 2:58 ` Luke Dashjr
2021-05-17 12:39 ` Anton Ragin
2021-05-18 7:46 ` ZmnSCPxj
2021-05-17 19:17 ` Michael Fuhrmann
2021-05-18 8:04 ` ZmnSCPxj
2021-05-17 5:17 ` yanmaani
2021-05-17 13:14 befreeandopen
2021-05-17 13:53 ` Anton Ragin
2021-05-17 17:28 ` Keagan McClelland
2021-05-17 23:02 ` Anton Ragin
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