Pavol Rusnak [ARCHIVE] on Nostr: 📅 Original date posted:2021-05-15 📝 Original message:Please read the Bitcoin ...

📅 Original date posted:2021-05-15
📝 Original message:Please read the Bitcoin whitepaper. It's a very interesting read.

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Best Regards / S pozdravom,

Pavol "stick" Rusnak
Co-founder and CTO, SatoshiLabs

On Sat, May 15, 2021, 23:57 Michael Fuhrmann via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:

> 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.
>
>
>
> :)
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
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