📅 Original date posted:2013-06-14
📝 Original message:Note that the "earn a mixture of BTC and TBC, but not both in full volume"
only works for TBC because the price is by definition fixed with BTC.
I'm not sure how you could implement something like this for an altcoin where
the price is floating independently of Bitcoin.. that is, how you would know
the right amount of Bitcoin to require sacrificed.
Luke
On Friday, June 14, 2013 8:50:31 PM Adam Back wrote:
> 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.
>
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Luke-Jr [ARCHIVE] /
npub1dt…u7wrs
2023-06-07 15:03:22
in reply to nevent1q…lvcx
Author Public Key
npub1dtr22xd42nv07un2xq0rmtkqkjylgsmexau0anxxafa9xmmn2ncshu7wrsSeen on
wss://relay.nostr.bandPublished at
2023-06-07 15:03:22Event JSON
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"content": "📅 Original date posted:2013-06-14\n📝 Original message:Note that the \"earn a mixture of BTC and TBC, but not both in full volume\" \nonly works for TBC because the price is by definition fixed with BTC.\nI'm not sure how you could implement something like this for an altcoin where \nthe price is floating independently of Bitcoin.. that is, how you would know \nthe right amount of Bitcoin to require sacrificed.\n\nLuke\n\n\nOn Friday, June 14, 2013 8:50:31 PM Adam Back wrote:\n\u003e Agreed. What I mean is a coinbase for parity-priced alt-coin would be\n\u003e intentionally considered (and required by the alt-coin to be considered) an\n\u003e invalid bitcoin address, and vice versa. The difference is for this\n\u003e purpose it is both valid alt-coin coinbase (as well as unspendable bitcoin\n\u003e coinbase).\n\u003e \n\u003e Adam\n\u003e \n\u003e On Fri, Jun 14, 2013 at 03:20:58PM -0400, Peter Todd wrote:\n\u003e \u003eOn Thu, Jun 13, 2013 at 03:39:32PM +0200, Adam Back wrote:\n\u003e \u003e\u003e I had one thought towards this which is a different kind of merged\n\u003e \u003e\u003e mining.\n\u003e \u003e\u003e \n\u003e \u003e\u003e I think a \"fair\" merged mining aiming for price parity would be done by\n\u003e \u003e\u003e the miner having to choose the altcoin or btc at mine time, and altcoin\n\u003e \u003e\u003e chain considering btc mine unspendable and bitcoin considering ac\n\u003e \u003e\u003e unspendable.\n\u003e \u003e\n\u003e \u003eOne way to look at what you are describing is to say you want to prove\n\u003e \u003eyour sacrifice of potential BTC earnings. That goes back to the PoW\n\u003e \u003ehashcash stuff I mentioned earlier, and is accomplished by simply mining\n\u003e \u003eshares with an unspendable coinbase to prove you did work that could\n\u003e \u003ehave resulted in Bitcoins, but didn't.\n\u003e \n\u003e ---------------------------------------------------------------------------\n\u003e --- This SF.net email is sponsored by Windows:\n\u003e \n\u003e Build for Windows Store.\n\u003e \n\u003e http://p.sf.net/sfu/windows-dev2dev\n\u003e _______________________________________________\n\u003e Bitcoin-development mailing list\n\u003e Bitcoin-development at lists.sourceforge.net\n\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development",
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