mmgen-py



Offline



Activity: 105

Merit: 10







MemberActivity: 105Merit: 10 Re: [ANN] Bitcoin PoW Upgrade Initiative April 04, 2017, 08:13:03 AM

Last edit: April 05, 2017, 07:35:26 AM by mmgen-py #221



My soft-fork PoWA proposal has been additionally revised, with an improved schematic:



https://bitcointalk.org/index.php?topic=1833391.msg18344077#msg18344077



Discussion of the proposal on Reddit:



https://www.reddit.com/r/Bitcoin/comments/62taef/can_powa_proofofwork_additions_provide_a_way_out/ PoWA allows us to just downgrade the miners a bit without firing them. It could be a politically acceptable solution for the entire ecosystem.My soft-fork PoWA proposal has been additionally revised, with an improved schematic:Discussion of the proposal on Reddit:

Fatman3001



Offline



Activity: 1386

Merit: 1010





Make Bitcoin glow with ENIAC







LegendaryActivity: 1386Merit: 1010Make Bitcoin glow with ENIAC Re: [ANN] Bitcoin PoW Upgrade Initiative April 10, 2017, 09:51:21 PM #222 Quote from: Rakete4 on April 04, 2017, 07:39:04 AM Quote from: pinkflower on April 03, 2017, 11:34:09 AM Lets pretend Bitcoin really did upgrade to a new POW algorithm and left all the asics and mining farms, mining equipment and whatnot useless. Is this really what Bitcoin needs? I dont think this will have a good image to the general public. It could be viewed much worse than Ethereum's hard fork.



In every job, if you do not do your work, you get fired.

If Miners stop to work on the protocol that the majority of users want, it's only natural to fire the miners and hire new ones.

Can't see anything wrong with that, it will be seen as a strength of bitcoin.

In every job, if you do not do your work, you get fired.If Miners stop to work on the protocol that the majority of users want, it's only natural to fire the miners and hire new ones.Can't see anything wrong with that, it will be seen as a strength of bitcoin.

...?



PoW change without virtual unanimity just means you're launching another shitcoin. ...?PoW change without virtual unanimity just means you're launching another shitcoin. "I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995

CascadiaCC



Offline



Activity: 335

Merit: 250







Sr. MemberActivity: 335Merit: 250 Re: [ANN] Bitcoin PoW Upgrade Initiative April 27, 2017, 02:36:24 PM #223 Quote from: pinkflower on April 03, 2017, 11:34:09 AM Lets pretend Bitcoin really did upgrade to a new POW algorithm and left all the asics and mining farms, mining equipment and whatnot useless. Is this really what Bitcoin needs? I dont think this will have a good image to the general public. It could be viewed much worse than Ethereum's hard fork.



Ethereum's hard fork is not viewed poorly by industry. It's price has gone up nearly 6x what it was after the ETH/ETC split. To industry it's hardfork was viewed as the Ethereum Community moving fast to stop a theft. Emphasis on moving fast...unlike Bitcoin.



Ethereum's hard fork is not viewed poorly by industry. It's price has gone up nearly 6x what it was after the ETH/ETC split. To industry it's hardfork was viewed as the Ethereum Community moving fast to stop a theft. Emphasis on moving fast...unlike Bitcoin.

Oznog



Offline



Activity: 64

Merit: 10







MemberActivity: 64Merit: 10 Re: [ANN] Bitcoin PoW Upgrade Initiative June 29, 2017, 02:04:56 AM

Last edit: June 29, 2017, 05:13:20 AM by Oznog #227 Quote from: Ukigo on March 21, 2017, 03:14:33 PM Nicee...

BTC is mindlocked in what we have now.

We can't change PoW, we can't switch to PoS.

Any fork maintaining current mining related features will outperform mutated BTC on all exchanges.



Core already lost battle to BU.

Coz when blocks will get full 110%, BTC network will get jammed and then HF will happen for sure,

with support of majority of miners.

Not just by 40% of them like now.



Yes you can invent the best and coolest PoW or PoS or any combination of them.

But there is no difference between such "saving plan" for Bitcoin and creation of new altcoin.

Value of BTC after such change will plummet.



I liked to find your comment so successful today with 85% of the hashpower ready to make a hardfork to impose the extension of the limit of 1MB.



What do you think today given the situation?



If the miners run the hardfork successfully and set the precedent of imposing block limits, does this mean that the best ASIC chip maker will always have the supremacy in Bitcoin?



Will the mining of empty blocks during hardfork inevitably force developers to a desperate change of PoW?



So the developers would have the power?

Which is based on the old IRC takeovers (Gavin's kick true story).



If the change of PoW were successful, give enough power the non-miners to steal commissions (off-chain) in crescendo and uncontrollably damaging the security of the main blockchain?



Who rules in Bitcoin?



Thank you. I liked to find your comment so successful today with 85% of the hashpower ready to make a hardfork to impose the extension of the limit of 1MB.What do you think today given the situation?If the miners run the hardfork successfully and set the precedent of imposing block limits, does this mean that the best ASIC chip maker will always have the supremacy in Bitcoin?Will the mining of empty blocks during hardfork inevitably force developers to a desperate change of PoW?So the developers would have the power?Which is based on the old IRC takeovers (Gavin's kick true story).If the change of PoW were successful, give enough power the non-miners to steal commissions (off-chain) in crescendo and uncontrollably damaging the security of the main blockchain?Who rules in Bitcoin?Thank you.

Oznog



Offline



Activity: 64

Merit: 10







MemberActivity: 64Merit: 10 Re: [ANN] Bitcoin PoW Upgrade Initiative June 30, 2017, 03:21:16 PM

Last edit: June 30, 2017, 11:17:40 PM by Oznog #230 Quote from: Luke-Jr on June 29, 2017, 02:19:10 AM I've started a GitHub repo specifically for a possible emergency PoW change hardfork.



Luke, I recognize your right and ability to try it.



But you must understand as soon as possible that changing the Bitcoin PoW is not viable without destroying it.



It is not an emergency option, it is the nuclear option.

And Bitcoin is not based on MAD.



And even if you execute it successfully and without destroying Bitcoin you will only change some miners for others that will soon form the same farms.



Developers will never have authority to do whatever they want in a PoW-based crypto.

Nodes are cheap and developers too.

Fortunately.



Please reconsider, we need a team of developers focused on on-chain solutions.

Only in this way can Bitcoin preserve hegemony.

People want a Bitcoin safe, fast and cheap.



Please leave in peace the future commissions that belong from the beginning to the miners. Luke, I recognize your right and ability to try it.But you must understand as soon as possible that changing the Bitcoin PoW is not viable without destroying it.It is not an emergency option, it is the nuclear option.And Bitcoin is not based on MAD.And even if you execute it successfully and without destroying Bitcoin you will only change some miners for others that will soon form the same farms.Developers will never have authority to do whatever they want in a PoW-based crypto.Nodes are cheap and developers too.Fortunately.Please reconsider, we need a team of developers focused on on-chain solutions.Only in this way can Bitcoin preserve hegemony.People want a Bitcoin safe, fast and cheap.Please leave in peace the future commissions that belong from the beginning to the miners.

HostFat

Legendary



Offline



Activity: 3416

Merit: 1105





I support freedom of choice







StaffLegendaryActivity: 3416Merit: 1105I support freedom of choice Re: [ANN] Bitcoin PoW Upgrade Initiative July 11, 2017, 11:23:53 PM #233 https://www.reddit.com/r/BitcoinABC/comments/6mmms1/new_release_of_bitcoin_abc_0142/



Quote This release include various changes. The most notable is a difficulty adjustment algorithm that decrease the difficulty in case hashrate gets very low. We obviously which that this feature won't be used, and it won't kick in if hashrate stay above 8% of the global hashrate. However, this ensure that this chain will survive no matter what, as long as someone think it is valuable. NON DO ASSISTENZA PRIVATA