So here's the plan for selecting Bitcoin's new PoW algorithm: Nobody knows the new algorithm right now, and nobody will until we all know at the same moment. At 14:00 UTC August 11th, we will begin watching Bitcoin's Testnet4 chain for new blocks. The very next block found, look at the block hash. The last character will choose the new algorithm. (Note that testnet4 blocks are typically timestamped wrong!) As soon as I see that block, I will reveal the mapping showing which algorithm that character represents. Throughout the last 24+ hours, the community has discussed and made a short list of candidate algorithms. I compiled that list into a weighted (according to their suitability) set of options for the mapping list. You can prove I didn't rig it, by SHA256 hashing the mapping text file. It will match 71a7960874f3352f4ba600ce67bd6f8e96702565abea93021fa86349d99a45e8

Replies (57)

Why do I want your coin? What do I do with my old coins?... explain it to me like am a 6 year old
Wait, what? Obviously you have your reasons to do it this way but wouldn't that give you perfect control to pick the winner? How much POW goes into Testnet4 blocks? Let's say you have a favorite out of 10 ... you only need to quickly find a block with a 10xTestnet difficulty. Can't be hard.
Morals is why we are all leaving. We cant delude ourselves into believing btc can fend off attacks going forward.
DireMunchkin's avatar
DireMunchkin 3 months ago
Hello Luke - I'm not trying to convince you not to go ahead with this, but personally I would rather stay on the current consensus. Are you planning to make Knots 29.3 the last non-RDTS client? I think that would be a shame, there are a number of us who have such a preference and would like a upgrade path in the future. Best of luck in your future endeavours even if they lead you off Bitcoin. / DM
I think if you really wish to find issues with the proposal, you can always find some. Most devs would probably simply select one based on β€œtechnical merits” and go with it. After all he’s the one who will have to build the implementation after that.
You mean bitcoin? Technically, yes that would absolutely work. But harder in practice considering very few wallets support it. I don't care about Luke's coin. Was just pointing out that for most people, keeping both coins has some important caveats.
I just found out there are expiration dates on the Knots versions. It’s really going to suck having to go back to Core if there isn’t a non-RDTS upgrade path for Knots users and I don’t see any other new implementations coming online anytime soon?
I am using VPN and discord blocks that access. I will try other ways too though.
Luke's actions show he is freedom maximalist. Some bad actors call him dictator as part of their propaganda. Its nice how they reveal themselves. Mark them and don't forget them.
just to make clear I don't mean you npub1t4df6nekwwjwrzf7g90vkrch3hcwl26jyurqru8ndkwtv3lv98js6qsdf4 brother, I mean the ones who smear Luke I also think that it would be good for Bitcoiners to have decent option of running a node with filters that keep mempools clean.
You were always going to do this, you lied like the liar you are. Go ahead and fork off and blow the last shred of creditability you had.
Default avatar
Sun of the Moon 3 months ago
Listen to Jack, he was into Bitcoin before Scotty PippenπŸ˜†
You are deciding the future of your Bitcoin fork in a Discord? That's how I know you aren't serious about separating money from the state. You're a LARPer who thinks anyone who doesn't follow every one of the state's laws 100% of the time is a "sinner". Based on the logic of your weird combo of statism and puritanical Catholicism, Rosa Parks is currently burning in hell because she didn't ask for forgiveness for her civil disobedience. So glad you are no longer involved in real Bitcoin development. Have fun with your new coin.
I'm not going to try to convince you to want bitcoins. I'm just going to make Bitcoin so valuable that you decide you want it on your own.
this is exactly how the solana devs would gather everyone to fix consensus failures which they would have all the time. they would go in discord and dictate to everyone what the new consensus rules would be and how to upgrade to a different client.
testnet4 as the randomness oracle was always the weak spot. anyone with a few gpus could grind the last character. the pre-committed hash was the only solid part of this
George Manolov's avatar
George Manolov 3 months ago
What if the new PoW algorithm is also quantum resistant? Is it possible? If so, it would also be a super strong narrative.
For the moment there is no need to leave Bitcoin. The new chain is alternative that will chug along in parallel, small, tiny, almost invisible. But it will be there and in my opinion with better DNA. Similar to how Bitcoin Knots was there for a decade with less than 1% of nodes usage. But in a critical moment it played the role it was designed to play.
I am reading as well about ways to mine it. Looking into xmrig with -a blake2b option.
Hofer99's avatar
Hofer99 3 months ago
I got no clue wtfs going on but im pretty sure absolutely zero.
Hofer99's avatar
Hofer99 3 months ago
Thats shits fked. Srsly it is. All going to zero.
Hofer99's avatar
Hofer99 3 months ago
Personally i like 110 coin and 30 coin.
Surely, miners will readily await 100 consecutive blocks for block reward redemption on your lightning-speed shitcoin chain 🀑 You do not decide on Bitcoin.
Hofer99's avatar
Hofer99 3 months ago
The money you use is cancer upon society. By using it your supporting the genocide in gaza and the clusterfuck in ukraine. Fiat pays for it. Largest fraud in human history. Stop using money stained with blood. Or dont. Nobody gives a fk apperently.
No, Bpedo is the same play. The only differences are 1) they don't agree with the fundamental purpose of BItcoin (at least Bcash was aligned in that!), and 2) they're attacking Bitcoin to suppress it.
↑