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I have a provisional proposal, which I call [[Adaptive_difficulty|adaptive difficulty]], which I believe will help with this. I'm hoping to eventually put it up as a BIP. For now I'll work on it at that non-BIP page. Comments and feedback welcome. (Remember that for now, the Bayesian analysis of what proof-of-work is deserved by what difficulty-sequence is ''unfinished'', and the formulae are of indicative status only.) ''(in fact the whole page is just a stub for now - I must first master mathematical wiki-speak!)'' | I have a provisional proposal, which I call [[Adaptive_difficulty|adaptive difficulty]], which I believe will help with this. I'm hoping to eventually put it up as a BIP. For now I'll work on it at that non-BIP page. Comments and feedback welcome. (Remember that for now, the Bayesian analysis of what proof-of-work is deserved by what difficulty-sequence is ''unfinished'', and the formulae are of indicative status only.) ''(in fact the whole page is just a stub for now - I must first master mathematical wiki-speak!)'' | ||
You might also be interested in a proof-of-stake-based system which I at least provisionally believe can be made extraordinarily robust! I call it "[[Proof_of_blockchain_fair_sharing|proof of blockchain fair sharing]]". (That page is currently just a teaser description, sketching the idea and why it doesn't contradict an "obvious" theorem on >50% attacks; followed by a forum post where I speculate on possible broader approaches to the >50% attack problem.) | |||
Last but, I hope, not least: I offer [[Proof_of_burn|proof of burn]] as an alternative to both proof of work and proof of stake (though perhaps closer in spirit to the latter), with many interesting properties and economic consequences, the exploration of which has barely begun. | |||
I can be contacted at iain dot david dot stewart at gmail dot com. | I can be contacted at iain dot david dot stewart at gmail dot com. | ||
Revision as of 23:02, 16 December 2012
(real name: Iain Stewart)
I worked as a computing lab assistant at Imperial College, London, U.K. from 1991-2011.
I am especially interested in helping to improve Bitcoin's usability from a non-tech-savvy user's perspective. By this I don't just mean GUI improvements and the like - plenty of people far more talented than me are working on that - but changes to the network protocol itself that will help with responsiveness from a merchant's or customer's point of view, while not compromising cryptographic security, decentralization, or the strength of the blockchain.
I have a provisional proposal, which I call adaptive difficulty, which I believe will help with this. I'm hoping to eventually put it up as a BIP. For now I'll work on it at that non-BIP page. Comments and feedback welcome. (Remember that for now, the Bayesian analysis of what proof-of-work is deserved by what difficulty-sequence is unfinished, and the formulae are of indicative status only.) (in fact the whole page is just a stub for now - I must first master mathematical wiki-speak!)
You might also be interested in a proof-of-stake-based system which I at least provisionally believe can be made extraordinarily robust! I call it "proof of blockchain fair sharing". (That page is currently just a teaser description, sketching the idea and why it doesn't contradict an "obvious" theorem on >50% attacks; followed by a forum post where I speculate on possible broader approaches to the >50% attack problem.)
Last but, I hope, not least: I offer proof of burn as an alternative to both proof of work and proof of stake (though perhaps closer in spirit to the latter), with many interesting properties and economic consequences, the exploration of which has barely begun.
I can be contacted at iain dot david dot stewart at gmail dot com.