Quote from: BitUsher on March 19, 2017, 05:08:44 PM

Quote from: shier7 on March 19, 2017, 05:06:35 PM

I think it's interesting how Myriad Coin attempts to introduce a plethora of POW algorithms

We want 1 secure algo , not many as that would make bitcoin more insecure

Quote from: shier7 on March 19, 2017, 05:06:35 PM

We just do this a few times... pick some new hash function with a HF... re-decentralize mining-- until it becomes clear that in general, it is not profitable to develop specialized mining hardware... so maybe we have to do it less in the future. maybe eventually never.

Asics will happen regardless, and we do not want to have developers forcing HF changes on the community because this opens up an attack surface. A pow HF must individually be decided upon by economic users, and preferably as a reaction after an attack occurs.

Agreed-- I'm not suggesting developers lobby for the POW changes. Obviously, this has to be a grassroots economic stakeholder driven process. I proposed a few mechanisms whereby the POW is somewhat dynamic to avoid the normalization of HFs in the context of, perhaps unavoidable, hardware optimization. In a perfect world, we wouldn't even have the need for this dialogue today.

Though, today, it is becoming clear that high percentage miners can hold the network ransom and make all kinds of DOS threats, so I'm not sure exactly what constitutes an attack from your perspective.