Quote from: freshman777 on November 14, 2016, 08:40:57 PM

Quote from: deisik on November 14, 2016, 08:28:04 PM

Quote from: freshman777 on November 14, 2016, 08:11:39 PM

This can save the day.

Quote from: theymos on October 19, 2016, 01:14:14 AM

I've casually proposed this for Bitcoin in the past, but there's no way that something as experimental as this would ever be done in Bitcoin without at least a successful altcoin example, so it'd be cool to see it implemented in an altcoin, if any altcoin devs are interested. I have not rigorously examined this scheme for any flaw, so maybe it won't work well at all, but maybe it will.

One problem in Bitcoin is mining centralization. To solve this, I propose that the PoW be changed to the following:

~snipped~

If his proposal ever gets implemented

As theymos himself said, this is highly experimental and would require at least one altcoin implementation to test the scheme in practice (personally, I think that two independent implementations would do even better). What right now seems to be more important is the recognition of massive Bitcoin mining centralization, something that many posters flat-out disagree with here. If theymos is right, and he most certainly is, this basically means that Chinese miners do control Bitcoin, so my question set forth in the OP basically boils down to whether and to what degree the miners from China could trace Bitcoin transactions to the country of origin

Quote from: kiklo on November 14, 2016, 04:34:20 PM

When it gets Nasty, don't expect BTC to be left out of the Tariff war, by either side

Some might not have enough courage to accept that

In emergency you suggest here there could no choice, someone will implement it. It will be up to the users to switch to the new client.
There is a Myriadcoin where they got 5 independent PoW mining algorithms, it has been running for a long time, so it's possible. Some altcoins have a hybrid PoW/PoS. It has been done.

So Trump unleashing a tariff war with China may inadvertently help Bitcoin get rid of its dependence on centralized mining we came to nowadays. Okay then, but what would happen to Bitcoin price, or, rather, how low will it fall? Further, implementing what theymos suggests would invariably affect miners and their profitability, right? But since Bitcoin miners are mostly Chinese these days, they will have to fight not only with Trump and his economic policy but with theymos and his proposal as well...

This is not something that I thought of when opening this topic