@Nakadai_mon @profplum99 @bitcoin_lisa @jordanbpeterson @Breedlove22 @dergigi @aantonop - Climate is an absurd comparison
- It doesn't require G20 coordination (tho it's likely)
- Lightning doesn't work if you can't settle to the base layer
- Algo change doesn't work: the network is now more vulnerable. All you've done is restart exactly the same game at lower cost
- It doesn't require G20 coordination (tho it's likely)
- Lightning doesn't work if you can't settle to the base layer
- Algo change doesn't work: the network is now more vulnerable. All you've done is restart exactly the same game at lower cost
@Nakadai_mon @profplum99 @bitcoin_lisa @jordanbpeterson @Breedlove22 @dergigi @aantonop I.e. The state will now out-produce you on the new algo instead, even faster. Not to mention you just fucked over all honest miners who were invested in SHA256. So why would anyone invest in new gear to mine the new algo if it's just going to predictably end up in the same place?
@Nakadai_mon @profplum99 @bitcoin_lisa @jordanbpeterson @Breedlove22 @dergigi @aantonop Realistically, the empty blocks wasn't even the important part of the article. E.g. The part where you announce your blocks reactively, creating a black hole of expenditure for all other miners, works whether you censor all transactions, some transactions, _or no transactions_.
@Nakadai_mon @profplum99 @bitcoin_lisa @jordanbpeterson @Breedlove22 @dergigi @aantonop Result: all other miners are starved of revenue, blocks slow down to a creep, difficulty lowers dramatically... and from there you can double-spend and purge transactions at will, making the system unsafe in private adversarial conditions & completely unreliable and unusable.
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