Warnung vor "Frankenstein-Experimenten"! Neue ...

Unintended consequence of a hard fork---difficulty oscillations

We are observing the first phase of an unintended side effect of the BCH hard fork. Because bitcoin and BCH use the same proof of work algorithm, miners can jump from one chain to the other, wherever mining is more profitable.
Assuming that miners could jump effortlessly and instantly (which is, luckily, not the case just yet), and assuming that all miners always seek maximum profit, all should now be mining BCH and the bitcoin chain would come to a screeching halt with no blocks whatsoever.
Since BCH would then have a very high block frequency, the difficulty adjustment algorithm would soon, within a few days, increase the difficulty fourfold (the limit of what the algorithm does). All miners would jump back to bitcoin, and bitcoin would work normally for a while, until its difficulty would presumably rise a bit while BCH would stand still without a single block. The question now is whether the bitcoin difficulty rise suffices to chase all miners back into BCH mining or not, which also depends on the two coins' prices.
Both chains have certain mitigating advantages. Bitcoin has the advantage that too few blocks would lead to very high fees, which would eventually lure miners back into an unpleasant, but less catastrophic equilibrium between high fees and miner's profitability estimates.
BCH, on the other hand, has big blocks, so situations like one block per hour are unpleasant, but also not catastrophic. No block at all would, of course, be catastrophic for either chain.
Fortunately the assumption I made initially will probably not be true. Some miners will stick to one chain for ideological reasons, out of conviction about long-term success, or because somebody bribes them, presumably also for ideological reasons. In addition most miners are not yet able to jump from one chain to the other easily and instantly for technical reasons. They would experience service interruptions, extra work, perhaps bugs.
I am finding myself completely unable to predict what will actually happen, which is bad enough in itself. Please join in, anybody, who knows more.
After yet another hard fork in a few months we may have the equivalent of an unstable three-body problem, like the one with celestial bodies, where the only safe prediction will be that nobody can predict the outcome.
Bitcoin and its derivatives have not been designed for this situation. I bet Satoshi Nakamoto never thought about what would happen to the difficulty after such a hard fork, otherwise he would presumably have tried to design a solution into the difficulty adjustment. Even this intellectual giant could not foresee everything.
What can we learn from this? That hard forks without a very clear separation, including different proof-of-work algorithms, are highly risky and dangerous and that the people who create them without understanding fully what they are doing may inadvertently damage or destroy both bitcoin and their own immature fork creations at the same time. Somehow this reminds me of Frankenstein's monster, born of good, but naive intentions, and sadly unable to fit in.
Bitcoin Crash?
submitted by hgmichna to Bitcoin [link] [comments]

TWP Links & Stuff - Episode 112: Civil War Trailer

Links to things that link to things that Mr Sunday & Nick Mason discussed during Episode 112: Civil War Trailer.
Mr Sunday's Brief: Huge week for Marvel with the release of the first Captain America: Civil War trailer! We also talk Fantastic Four 2 being cancelled, Guardians Of The Galaxy 2 rumours, Alien: Covenant, Legends of Tomorrow and Tom Cruise joining The Mummy reboot.
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Roughly the News
Goat Solo Poster - Amazon
Fantastic Four News – CBM Story
Kenneth Branagh - Wiki
Cinderella - Trailer
Bitcoin - Wiki
Alien: Covenant – CBM Story
Wanted sequel news – CBM Story
By the Sea - Trailer
Loom of Fate - Wiki
SALT - Trailer
Universal Soldier - Trailer
Star Lord rumours – CBM Story
James Gunn on rumours – EW article
Possible Star Wars Spoilers in Soundtrack – CBM Story
Civil War Teams – Mr Sunday Video
Legends of Tomorrow - Trailer
Constantine - Wiki
Old Man McGee/Victor Garber - Wiki
Stargate - Wiki
Vandal Savage - Wiki
Rip “Ripple” Hunter - Wiki
Firefly - Trailer
Geek Fuel - Website
Theme/Topic or Whatever
Civil War Posters & Trailer – CBM Story
Civil War - Trailer
Batman v Superman - Trailer
Civil War Breakdown – Mr Sunday Video
Thunderbolt Ross - Wiki
The Incredible Hulk - Trailer
The Incredible Hulk Post-Credits Scene - Video
Crossbones - Wiki
Black Panther - Wiki
Sharon Carter - Wiki
Henry Peter Gyrich - Wiki
Death of Captain America - Wiki Red Skull - Wiki
Marvel Illuminati - Wiki
Nitro - Wiki
New Warriors - Wiki
Ryan Gosling on a boat show/Breaker High - Wiki
Captain America vs SHIELD - Panel
Civil War Supercut – Mr Sunday Video
Negative Zone - Wiki
Cap cameo in Thor 2 - Video
Steve’s Dead/Cheese Head - GIF
Falcon & Bucky as Captain America - Pic
Giant-Man - Wiki
What We Reading, What We Gonna Read
Gravity Falls - Trailer
Jason Ritter - Wiki
John Ritter - Wiki
Rick & Morty - Promos
Creed - Trailer
Demolition Man - Trailer
COPLAND - Trailer
Apollo’s Wife/Phylicia Rashad - Wiki
Ivan Drago- Wiki
Dark Knight 3 - Comixology
Tom Cruise Mummy reboot rumours – CBM Story
Victor Frankenstein - Trailer
The Mummy 1999 - Trailer
Zoolander 2 - Trailer
Reality Bites - Trailer
Walter Mitty – Trailer
Tropic Thunder – Trailer
Jon Voight - Wiki
David Duchovny - Wiki
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Editor's Note: Please be aware that links are assumed to be relevant to show and don’t necessarily convey the views of Mr Sunday or Maso. Grab Dem Links Wackadadoos!
submitted by RAWCollings to weeklyplanetpodcast [link] [comments]

Dragons' Den - YouTube Child Discipline. Fred Klett - YouTube BBC - YouTube Truthunedited - YouTube Sans limites TV - YouTube

Here is his Wikipedia Page: ... Unfortunately we got the Frankenstein system that exists today instead. If you want to understand Abba’s actual ideas you can just read his book, “Flation”. It is very short and easy to understand. I personally don’t agree with all of his ideas because I don’t believe that we can ever achieve 100% employment – but I think his goal of achieving this ... BRDeutsch - die Frankenstein "Kultur" made in USA. Hagen Grell öffentlich. Anmelden + Abonnieren ... Warnung vor "Frankenstein-Experimenten"! Neue Gentechnologie öffnet dem Missbrauch alle Türen. Emmanuelle Charpentier gilt als aussichtsreiche Nobelpreiskandidatin (nicht immer zeigt ein Nobelpreis, dass etwas gut ist siehe z.B Lobotomie). Die Französin hat ein Werkzeug entwickelt, mit dem sich das Erbgut von Lebewesen einfach verändern lässt - auch jenes des Menschen. Die Technik hat ... Ok, but “Frankenstein” is also not Frankenstein. Frankenstein refers to the doctor; it’s his surname. The creature itself is not named. From Wikipedia: The name “Frankenstein” is often incorrectly used to refer to the monster itself. In the novel, the monster is identified via words such as “creature,” “monster”, “fiend ... The Frankenstein Application Essay For this assignment you will write your Frankenstein1 application essay. Literary works like Frankenstein explore the “human condition” or experiences that humans encounter. The study guides for Frankenstein offer several “Real Life Considerations” meant to help you critically analyze the applications of the work’s themes in today’s world. Now ...

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Dragons' Den - YouTube

Taken from Joe Rogan Experience #1276 w/Ben Shapiro: https://www.youtube.com/watch?v=sCD9zjf_YRU Chaine d'information Sans Limites TV éditée par le Groupe GSL Communication, Ouest Foire Dakar ( Sénégal ) Directeur de Publication : Yankhoba SANE SERVICE C... Immer wieder gern gesehen: Klaus Kinski bei Thomas Gottschalk in "Na Sowas" aus dem Jahre 1985. Als Producer empfing ich Kinski und einen Begleiter seiner Fi... Share your videos with friends, family, and the world Liebe Besucher des offiziellen Youtube-Kanals von Dirk Müller Cashkurs.com, Herzlich Willkommen auf dieser Seite, auf der wir in Zukunft für Sie Auszüge der ...