rich1.0npub1hzkv59ax7ax80nv2fzvcgmveqyk3k5sg9gq695n48l9scenf5c9sa7nzv7https://nostr.ae/npub1hzkv59ax7ax80nv2fzvcgmveqyk3k5sg9gq695n48l9scenf5c9sa7nzv7njumphttps://nostr.ae📅 Original date posted:2017-04-08 📝 Original message:ASICBOOST causes Bitcoin's PoW to become more memory/latency throttled instead of raw computation throttled. There is the equation: Power Cost + Captial Rent + Labor ~= block reward + fees Capital 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. Resolving memory/latency throttle requires a greater Captial Rent than raw computation throttle. Hence (agreeing with Luke), ASICBOOST is not desirable, even if it wasn't a government enforced monopoly on mining. Please let me know if I made a mistake. Thanks, Praxeology Guy -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20170408/57669e84/attachment.html>