pippellia on Nostr: wo wo calm down cowboi lmao. What I have in mind is to use npub_pow / total_pow. So, ...
wo wo calm down cowboi lmao.
What I have in mind is to use
npub_pow / total_pow.
So, if a miner heavily attacks this system, it will increase the denominator. Unlike shitcoins that need to mantain global consensus and are "defended" by the total pow online at that moment, this considers the total pow over the whole history.
So it's a strict improvement.
Then by re-using SHA256 one can use ASICS for Bitcoin (I think) and offer these PoW endorsements I talked about here https://pippellia.com/pippellia/Social+Graph/Navigating+the+social+graph#PoW%20endorsement.
So, you mine blocks with the ASIC, but when the price people are willing to pay for PoW endorsement is slightly higher, you go and mine that. This should result in having basically the same price for hashrate.
What I have in mind is to use
npub_pow / total_pow.
So, if a miner heavily attacks this system, it will increase the denominator. Unlike shitcoins that need to mantain global consensus and are "defended" by the total pow online at that moment, this considers the total pow over the whole history.
So it's a strict improvement.
Then by re-using SHA256 one can use ASICS for Bitcoin (I think) and offer these PoW endorsements I talked about here https://pippellia.com/pippellia/Social+Graph/Navigating+the+social+graph#PoW%20endorsement.
So, you mine blocks with the ASIC, but when the price people are willing to pay for PoW endorsement is slightly higher, you go and mine that. This should result in having basically the same price for hashrate.