Luke-Jr [ARCHIVE] on Nostr: 📅 Original date posted:2013-05-22 📝 Original message:On Wednesday, May 22, 2013 ...

📅 Original date posted:2013-05-22
📝 Original message:On Wednesday, May 22, 2013 2:20:22 PM Jeff Garzik wrote:
> On Wed, May 22, 2013 at 10:12 AM, Melvin Carvalho
>
> <melvincarvalho at gmail.com> wrote:
> > On 22 May 2013 16:07, Jeff Garzik <jgarzik at exmulti.com> wrote:
> >> On Wed, May 22, 2013 at 6:27 AM, Melvin Carvalho
> >>
> >> <melvincarvalho at gmail.com> wrote:
> >> > Some out of band algo/hash could work so long as there was a one to
> >> > one relationship between the described object and the UUID. In this
> >> > case the
> >> > gensis block may not uniquely identify a coin.
> >>
> >> What does this mean? It seems extremely unlikely that two different
> >> genesis blocks will have the same hash.
> >
> > Two coin ecosystems could have the same genesis block
>
> That has really, really bad side effects. The whole point of the
> bitcoin consensus algorithm is to avoid situations like this.
>
> We don't want to encourage that behavior with code.

In some cases, multiple currencies can use the same blockchain (not just the
singular genesis block). This use case *is* something we want to encourage -
no reason for people to make an entirely new blockchain if their altcoin fits
within the scope of Bitcoin or another existing altchain.