⭐ Merited by amishmanish (1)
Now, and please stay focused, if the double-spend is solved in the first place regardless of what is happening in the mining scene, what's actually driving the anti-PoW/anti-miner propaganda/instincts in this community? I'm asking about the rationale behind this phobia and the way it is blocking so many scaling ideas and proposals? If double-spending is not going to happen and bitcoin supply won't ever exceed the cap, what else is at stake that makes people nervous about trusting in PoW?
Are people concerned about pools to collide and defraud few Satoshis from reckless users who release their assets with one or two confirmations? Please! Just give me a break.
Hello aliashraf. I have seen you be a long time proponent of scaling ideas on bitcoin. I read a lot of your posts about proposing a rigorous solution and the code for some of your ideas but I don't know if you are actively pursuing them in terms of code. Point me in a direction if you are.Are people concerned about pools to collide and defraud few Satoshis from reckless users who release their assets with one or two confirmations? Please! Just give me a break.
About coding, it is complicated, some ideas have been coded for experimental purposes and approval of consistency because nothing is consistent if you just can't translate it to code elegantly but there is no public domain code release for time being.
To be honest, I'm a bit short of budget right now to do anything more than part-time research and it has been a while since I've exhausted almost all my resources digging literature, writing, ... I'm not a fan of ICO and crowdfunding campaigns myself so it is gonna take a bit more for me to pull more resources together for supporting more serious projects.
There is good news though, as much as jumping to coding phase is delayed the idea is growing stronger and stronger and I'm absolutely satisfied with the situation right now, no rush.
Quote
I don't think there is any anti-PoW/ anti-miner propaganda in this community. Everyone loves PoW. The concern about miner centralization is only related to the fact that you cannot let a specialized group of people be the sole controlling-stakeholders in a decentralized system that we all hope will continue and flourish long after we have gone. Don't you feel it is a genuine and valid concern considering the vision and magnitude of such a system.
No, I don't feel so. I've presented a series of proposals above-thread which are abandoned because of such arguments and concerns. Blocksize debate was a legitimate debate from the Core side not because of the way they were presenting their argument but because of the proximity premium flaw in bitcoin that makes blocksize increase a centralization nightmare for mining itself. Cenralization of mining is a legitimate concern but centralization because of relying too much on miners? No, it is not!Quote
What exact scaling solutions do you think the community is not thinking of?
Sidechains, UtXO Commitment, Hierarchical Sharding schemes to name few. I started this topic purposedly because all these ideas are pushed back for their legitimate reliance on miners and PoW and right now, taking advantage of Corona situation, I'm doing my best to get some more free time and publish a proposal including all the above fantastic ideas in a package as a scaling proposal for bitcoin. It is not a typical brand new altcoin proposal, neither a two-way pegged sidechain nor a hard/soft fork and it is an ultimate solution for both centralization of mining and bitcoin scaling IMHO. Stay tuned 