{"type":"rich","version":"1.0","author_name":"npub1hzkv59ax7ax80nv2fzvcgmveqyk3k5sg9gq695n48l9scenf5c9sa7nzv7","author_url":"https://nostr.ae/npub1hzkv59ax7ax80nv2fzvcgmveqyk3k5sg9gq695n48l9scenf5c9sa7nzv7","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2017-04-08\n📝 Original message:ASICBOOST causes Bitcoin's PoW to become more memory/latency throttled instead of raw computation throttled.\n\nThere is the equation:\nPower Cost + Captial Rent + Labor ~= block reward + fees\n\nCapital Rent is a barrier to entry, and hence in desiring a more distributed system, we would like to minimize the Capital Rent portion of the equation.\n\nResolving memory/latency throttle requires a greater Captial Rent than raw computation throttle.\n\nHence (agreeing with Luke), ASICBOOST is not desirable, even if it wasn't a government enforced monopoly on mining.\n\nPlease let me know if I made a mistake.\n\nThanks,\nPraxeology Guy\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20170408/57669e84/attachment.html\u003e"}