Post
Topic
Board Project Development
Re: [ANN] Bitcoin PoW Upgrade Initiative
by
BitUsher
on 19/03/2017, 17:08:44 UTC
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


  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.