[bitcoin-dev] Hardfork to fix difficulty drop algorithm

Paul Sztorc truthcoin at gmail.com
Wed Mar 9 20:43:08 UTC 2016


On 3/9/2016 3:18 PM, Henning Kopp via bitcoin-dev wrote:
> Hi,
>
> > However, I think it could actually increase
> > confidence in the system if the community is able to demonstrate a good
> > process for making such decisions, and show that we can separate the
> > meaningful underlying principles, such as the coin limit and overall
> > inflation rate, from what is more akin to an implementation detail, as I
> > consider the large-step reward reduction to be.
>
> I do not think that a line can be drawn here. As far as I understood,
> you think that the coin limit is a meaningful underlying principle
> which should not be touched, whereas the halving of mining rewards is
> an implementation detail. The two are very closely tied together and
> changes to both of them would result in a hardfork, if I am not
> mistaken.

I believe that you are mistaken.

The two are almost-completely unrelated, and (as Dr. Back has been
pointing out for a very long time now) the halving of mining rewards can
be modified with a soft fork.

http://www.truthcoin.info/blog/mining-heart-attack/#smooth-the-disinflation-out




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