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Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
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Subject: Re: [bitcoin-dev] [Bitcoin Advent Calendar] Decentralized
Coordination Free Mining Pools
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--0000000000004078d105d3d4ec62
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> If you introduce signing into mining, then you will have cases, where
> someone is powerful enough to produce blocks, but cannot, because signing
> is needed. Then, your consensus is no longer "the heaviest chain", but "the
> heaviest signed chain". That means, your computing power is no longer
> enough by itself (as today), because to make a block, you also need some
> kind of "permission to mine", because first you sign things (like in
> signet) and then you mine them. That kind of being "reliably unreliable"
> may be ok for testing, but not for the main network.
this is a really great point worth underscoring. this is the 'key
ingredient' for DCFMP, which is that there is no signing or other network
system that is 'in the way' of normal bitcoin mining, just an opt-in set of
rules for sharing the bounties of your block in exchange for future shares.
--0000000000004078d105d3d4ec62
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr"><div dir=3D"ltr"><div class=3D"gmail_default" style=3D"fon=
t-family:arial,helvetica,sans-serif;font-size:small;color:#000000"></div></=
div><div class=3D"gmail_quote"><blockquote class=3D"gmail_quote" style=3D"m=
argin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-style:solid;borde=
r-left-color:rgb(204,204,204);padding-left:1ex">If you introduce signing in=
to mining, then you will have cases, where someone is powerful enough to pr=
oduce blocks, but cannot, because signing is needed. Then, your consensus i=
s no longer "the heaviest chain", but "the heaviest signed c=
hain". That means, your computing power is no longer enough by itself =
(as today), because to make a block, you also need some kind of "permi=
ssion to mine", because first you sign things (like in signet) and the=
n you mine them. That kind of being "reliably unreliable" may be =
ok for testing, but not for the main network.</blockquote><div><br></div><d=
iv class=3D"gmail_default" style=3D"font-family:arial,helvetica,sans-serif;=
font-size:small;color:rgb(0,0,0)">this is a really great point worth unders=
coring. this is the 'key ingredient' for DCFMP, which is that there=
is no signing or other network system that is 'in the way' of norm=
al bitcoin mining, just an opt-in set of rules for sharing the bounties of =
your block in exchange for future shares.</div></div></div>
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