📅 Original date posted:2013-06-14
📝 Original message:Agreed. What I mean is a coinbase for parity-priced alt-coin would be
intentionally considered (and required by the alt-coin to be considered) an
invalid bitcoin address, and vice versa. The difference is for this purpose
it is both valid alt-coin coinbase (as well as unspendable bitcoin
coinbase).
Adam
On Fri, Jun 14, 2013 at 03:20:58PM -0400, Peter Todd wrote:
>On Thu, Jun 13, 2013 at 03:39:32PM +0200, Adam Back wrote:
>> I had one thought towards this which is a different kind of merged mining.
>>
>> I think a "fair" merged mining aiming for price parity would be done by the
>> miner having to choose the altcoin or btc at mine time, and altcoin chain
>> considering btc mine unspendable and bitcoin considering ac unspendable.
>
>One way to look at what you are describing is to say you want to prove
>your sacrifice of potential BTC earnings. That goes back to the PoW
>hashcash stuff I mentioned earlier, and is accomplished by simply mining
>shares with an unspendable coinbase to prove you did work that could
>have resulted in Bitcoins, but didn't.
Adam Back [ARCHIVE] /
npub1ac…lswfj
2023-06-07 15:03:22
in reply to nevent1q…xh7d
Author Public Key
npub1ac86vemj7ce5z8jyxt39rna3tvwql6xd30ha3vxcd6esysp23d9qrlswfjPublished at
2023-06-07 15:03:22Event JSON
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"content": "📅 Original date posted:2013-06-14\n📝 Original message:Agreed. What I mean is a coinbase for parity-priced alt-coin would be\nintentionally considered (and required by the alt-coin to be considered) an\ninvalid bitcoin address, and vice versa. The difference is for this purpose\nit is both valid alt-coin coinbase (as well as unspendable bitcoin\ncoinbase).\n\nAdam\n\nOn Fri, Jun 14, 2013 at 03:20:58PM -0400, Peter Todd wrote:\n\u003eOn Thu, Jun 13, 2013 at 03:39:32PM +0200, Adam Back wrote:\n\u003e\u003e I had one thought towards this which is a different kind of merged mining.\n\u003e\u003e\n\u003e\u003e I think a \"fair\" merged mining aiming for price parity would be done by the\n\u003e\u003e miner having to choose the altcoin or btc at mine time, and altcoin chain\n\u003e\u003e considering btc mine unspendable and bitcoin considering ac unspendable.\n\u003e\n\u003eOne way to look at what you are describing is to say you want to prove\n\u003eyour sacrifice of potential BTC earnings. That goes back to the PoW\n\u003ehashcash stuff I mentioned earlier, and is accomplished by simply mining\n\u003eshares with an unspendable coinbase to prove you did work that could\n\u003ehave resulted in Bitcoins, but didn't.",
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