Has @Luke Dashjr completely lost the plot? Pardon my reading comprehension but to my understanding he decided to use a laughable oracle withing less than 6h to pick the next mining algorithm of what he believes to be Bitcoin? Why laughable? **He** picked a mapping from last digits of the block hash to PoW algorithm. He picked **Testnet4** of all chains - a chain with difficulty **1**. He did not show the mapping to anybody, so only **he** knows the mapping. A modern mining rig can produce many candidate Testnet4 blocks per second, so he can comfortably pick or if somebody else does the same, orphan them or if several engage in this mess ... why not just use the bitcoin chain??? Or at least Doge Coin???
"Nobody knows the new algorithm right now, and nobody will until we all know at the same moment" is just untrue for him.
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
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