The thread should be renamed:
Bitcoin Core is dead, long live to Bitcoin Classic!
Yes, it will kill off today's ASICS. But I disagree about the difficulty. Obviously the hardfork would not only change the PoW but initialize the difficulty to a reasonable value for that PoW.
and in 3 months-1 year china will have SHA3 asics and dominate again without 6 years of difficulty growth because the difficulty has been reset, so although you might has mentioned the difficulty may change to not cause transaction delays for users.. its still not solving the dominance issue, long term
plus ofcourse if the difficulty did drop to a level that an average laptop can solve in 10 minutes.. then nefarious users will syndicate(group/pool) multiple systems together to 51% attack very easily and cheaply
Oh, the insane Juke-jr pull request. When something works well on GPU, there is no reason to make more effecient ASIC version.
To solve miner centralization, full node client need have implemented P2P decentralized pool protocol for homeminers where they share block reward in trustless manner, Bitcoin Core seems to have other priorites like making the blocks full so other offchain solutions can capitalize on Bitcoin transactions, so lets see if its successor Bitcoin Classic implements this P2P decentralized pool protocol to help decentralize mining bit more
He he, this thread moved to altcoin discussion section by theymos... I think he still has some hope in Bitcoin Core
Bitcoin Core is dead, long live to Bitcoin Classic!
Keccak is SHA3..
which will totally kill off ASICs of todays current design.. and would cause the system to take weeks to solve one block because the difficulty is soo high, by the time that 2016 blocks are solved (years) to then downgrade difficulty, would be too late...
which will totally kill off ASICs of todays current design.. and would cause the system to take weeks to solve one block because the difficulty is soo high, by the time that 2016 blocks are solved (years) to then downgrade difficulty, would be too late...
Yes, it will kill off today's ASICS. But I disagree about the difficulty. Obviously the hardfork would not only change the PoW but initialize the difficulty to a reasonable value for that PoW.
and in 3 months-1 year china will have SHA3 asics and dominate again without 6 years of difficulty growth because the difficulty has been reset, so although you might has mentioned the difficulty may change to not cause transaction delays for users.. its still not solving the dominance issue, long term
plus ofcourse if the difficulty did drop to a level that an average laptop can solve in 10 minutes.. then nefarious users will syndicate(group/pool) multiple systems together to 51% attack very easily and cheaply
Oh, the insane Juke-jr pull request. When something works well on GPU, there is no reason to make more effecient ASIC version.
To solve miner centralization, full node client need have implemented P2P decentralized pool protocol for homeminers where they share block reward in trustless manner, Bitcoin Core seems to have other priorites like making the blocks full so other offchain solutions can capitalize on Bitcoin transactions, so lets see if its successor Bitcoin Classic implements this P2P decentralized pool protocol to help decentralize mining bit more
He he, this thread moved to altcoin discussion section by theymos... I think he still has some hope in Bitcoin Core