Michael Fuhrmann [ARCHIVE] / is on Nostr

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🗓️ Active from 2021-05-14 to 2021-05-17
💬 Posted a total of 2 messages
📚 Participated in the following categories: bitcoin-dev
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2023-06-07 22:53:31

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📅 Original date posted:2021-05-17
📝 Original message:Am 17.05.2021 um 04:58 schrieb Luke Dashjr:
> It increases security, and is unavoidable anyway.
>
> You can't.
There must be a way. dRNG + universal clock + cryptographical magic?!
I'll think about more. Because if there is a safe way of knowing when a
block was mined then this can work and no security is lost. The run für
the next coinbase starts now at 0 seconds and should end after 600
seconds. There is no real change if you start (proofable) 540 seconds
later und must finish in 60 seconds. I see this 10 times harder than 10
times softer.
It is just a blocktime of 60 seconds with 9 minutes of idle time.
But for this time thank you for all your great answers :D
:)
ps: it wasnt a pointing fingers musk move. it was the opposite. more
like "we try hard to be more efficient than everything else before even
if we still are".

2023-06-07 22:53:31

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2023-06-07 22:53:23

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📅 Original date posted:2021-05-14
📝 Original message:Hello,
Bitcoin should create blocks every 10 minutes in average. So why do
miners need to mine the 9 minutes after the last block was found? It's
not necessary.
Problem: How to prevent "pre-mining" in the 9 minutes time window?
Possible ideas for discussion:
- (maybe most difficult) global network timer sending a salted hash time
code after 9 minutes. this enables validation by nodes.
- (easy attempt) mining jobs before 9 minutes have a 10 (or 100 or just
high enough) times higher difficulty. so everyone can mine any time but
before to 9 minutes are up there will be a too high downside. It is more
efficient to wait then paying high bills. The bitcoin will get a "puls".
I dont think I see all problems behind these ideas but if there is a
working solution to do so then the energy fud will find it's end. Saving
energy without loosing rosbustness.
:)

2023-06-07 22:53:23

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