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Title: Coin incubation/natural split Post by: NASDAQEnema on July 26, 2012, 11:13:28 PM We were wondering about your thoughts on this:
Suddenly raising the difficulty or causing a massive reorg sweep would cause the network to spit out a new blockchain. Difficulty would be higher than the parent with a training period of one week. To reduce the difficulty within that week, trading must begin. Based on the level of trading, interactions, and initial network shape, the network will set fixed parameters for retarget time, maximum coins minted, halving time, and block reward. If the chain is not retrained in the alloted time it dies. Telltale signs of 51% attacks would naturally lead to more blockchains. Questions? Title: Re: Coin incubation/natural split Post by: smoothie on July 26, 2012, 11:15:48 PM We were wondering about your thoughts on this: Suddenly raising the difficulty or causing a massive reorg sweep would cause the network to spit out a new blockchain. Difficulty would be higher than the parent with a training period of one week. To reduce the difficulty within that week, trading must begin. Based on the level of trading, interactions, and initial network shape, the network will set fixed parameters for retarget time, maximum coins minted, halving time, and block reward. If the chain is not retrained in the alloted time it dies. Telltale signs of 51% attacks would naturally lead to more blockchains. Questions? How many personalities do you have? Title: Re: Coin incubation/natural split Post by: NASDAQEnema on July 26, 2012, 11:28:06 PM I work with some activist and "hacktivist" projects and I'm careful not to attribute the work to myself. I've mentioned it a few times.
Title: Re: Coin incubation/natural split Post by: NASDAQEnema on July 27, 2012, 12:28:50 AM It could also just announce.
Any blocks produced at that time would start training the new chain. |