I'm thinking about my next enhancement. Any suggestions/requests?
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donations to 17MCh7jJ4dHU5iAfLPv2t8hdjGDDzn95DK
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Yes, but I've gone considerably further now.
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The referenced paper is obviously a public attack, so to speak. One wonders what the state of the art is non-publicly. I suppose the paper might be as good as it gets at this point.
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Ah, SHA-256 is 64 rounds, whereas the paper in question talks about of an attack at 45 rounds. I gather it is not just a matter of working harder the same way to get to 46 or more rounds but rather novel enhancements are required if it is even possible.
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In my opinion it is a very good thing to have the most hashing power up and running at all times possible to secure the network against hostile attacks. This is a "tax" well worth paying. I'd go so far as to say I'd support the idea of having government sponsored hashing power online rather than paying for it by trying to increase the debasing of the Bitcoin value.
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http://www.newyorkfed.org/research/epr/09v15n1/0907silb.pdf documents an amazing thing back in 1933. People listen to President Roosevelt and actually went to make deposits after the bank holiday. Those days are gone, right? Nothing like that could happen again. Can funding government operations via debasing the national currency as opposed to taxes, etc., actually be a sustainable approach? Is inflation *always* the consequence eventually?
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Every time I see something like that I think the price should shoot up on the positive news, but it does not happen. How much more news should come before it affects the price?
Old adage; buy the rumor, sell the news.
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How can pools be reliably inhibited from growing too large?
by using p2pool that is distributed! That's opt-in; I want some technique for rejecting blocks from pools that are too large.
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How can pools be reliably inhibited from growing too large?
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How do we know that Ghash.io and Discus Fish are not controlled be the same user(s)?
Chances are very low. GHash guys are mostly from the United States, while most of the Discus Fish miners are from the mainland China. They charge a 3% fee, which is more than what GHash charges. Although the chances are low and I don't actually suspect them of this, how would we prove it one way or the other? Why in the world does anyone stick with Discus Fish? Why don't they switch to GHash and save on the fees?
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Can there be a proof of non-collusion?
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Couldn't the Ghash.io folks just chop their pool into two 20% pieces or better yet 10 4% pieces and avoid the wrath of the community?
Two different pools, each having 20% of the hash power and owned / controlled by the same user (s) is no different from having one single pool with 40% of the hash power. How do we know that Ghash.io and Discus Fish are not controlled be the same user(s)?
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And they might have already hidden a lot of their hash power in the "unknown" 20% percentage.
Could they be hiding hash power in Discus Fish?
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Um, does participating in one pool over another provide superior benefits?
Couldn't the Ghash.io folks just chop their pool into two 20% pieces or better yet 10 4% pieces and avoid the wrath of the community?
Could two or more pools secretly collude to achieve 51%?
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