[Bitcoin-development] Merged mining a side chain with proof of burn on parent chain

Isidor Zeuner cryptocurrencies at quidecco.de
Mon Dec 15 14:55:06 UTC 2014


> The goal is to have an opportunity cost to breaking the rules.
>
> Proof of Burn is a real cost for following the rules.
>

For every participant who could try to decide about the adequateness
of the cost, no direct effect comes from the difference between Proof
of Burn, and approaches which keep the Bitcoins inside the set of
outputs that can still participate. So, any notion which
differentiates with respect to this must make some assumption about
what defines the interest of the Bitcoin nodes as a community.

Best regards,

Isidor




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