Gavin Andresen
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Re: Individual Block Difficulty Based on Block Size
February 19, 2015, 05:06:47 PM
 #27
Quote from: justusranvier on February 19, 2015, 03:46:49 PM
I think there's a large amount of cargo culting going on regarding the hash rate rather than useful analysis of threat models, attacker capabilities, and exactly what proof of work accomplishes.

I agree.

My guess is that we will end up with a very secure system with a modest amount of hashing in the future, because PoW hashing does three things:

1) Gives a steady 10-minute 'heartbeat' that limits how quickly new coins are produced
2) Makes it expensive to successfully double-spend confirmed transactions
3) Makes it expensive to censor transactions

The first becomes less important over time as the block subsidy halves.

I think we could do a lot to mitigate the second (see https://gist.github.com/gavinandresen/630d4a6c24ac6144482a for a partly-baked idea).

And I think the third might be mitigated naturally as we scale up and optimize the information sent across the network (there will be strong incentives to create "boring" blocks that don't include or exclude transactions everybody else is excluding or including).
How often do you get the chance to work on a potentially world-changing project?"


Hello everybody, Gavin Andresen is a developer who is best known for his involvement in the development of Bitcoin. Before the creation of BTC in 2010, he was a developer of 3D creation software and virtual reality software. During the design of Bitcoin, Satoshi Nakamoto himself appointed him as responsible for the reference implementation. In other words, it was Gavin Andresen who generally decided the path to follow for Bitcoin.

Maybe MPC
What do you thinks ?

Hello Sir.
If you are so invested in this project, it is because it is one of the most promising cryptos for the future and I trust you even if I have known you for less than a week.
I watched from the beginning and the end of the subject and you are rarely wrong 😅

 I bought a big bag of MPC for 27 cents 20k of MPC for 5000 Usdt and I will only sell at least one x10 so if that happens I won't forget you sir!

 Thank you for your work and please continue to inform us 😁 See you soon !
PS : sorry for my bad english

Hello Sir, I thank you for your information but I am a little confused on several points. first of all, the number of partnerships with large groups like Google Cloud are not highlighted enough. What do you think of blockchain marketing? And then do you know the Velas group which seems to me to be similar to blockchain partisia located in Switzerland for both companies I find similarities there and unfortunately for Velas the crypto has not managed to go far for the moment. The project is magnificent I agree but how come the rest is not! Thank you for listening to me and thank you for your response! And sorry if my English isn't great 😃✌️

Hello sir have you twitter or telegram ? I love your informations !