1807 sats \ 2 replies \ @lightwalker 6 Sep 2023 \ on: Tail Emissions Are A Terrible Idea bitcoin
"Adding tail emission to Bitcoin would be a hard fork: an incompatible rule change that existing Bitcoin nodes would reject as invalid. While Monero was able to get sufficiently broad consensus in the community to implement tail emission, it’s unclear at best if it would ever be possible to achieve that for the much larger Bitcoin. Additionally, Monero has a culture of frequent hard forks that simply does not exist in Bitcoin.
Ultimately, as long as a substantial fraction of the Bitcoin community continue to run full nodes, the only way tail emission could ever be added to Bitcoin is by convincing that same community that it is a good idea."
The network destruction is convincing situation, am I right
If we would have four years long network difficulty regression - then it's emergency, and new code handling such danger - should delay halving to the next halving, until difficulty will recover
if there is no such emergency situation - there is no trigger, and old and new code would work together like a charm = so there is no hard fork at all
beautiful solution, imo :)
reply
Some recent mining difficulty worth considering.
On Tuesday, September 5, 2023, Bitcoin’s mining difficulty experienced a 2.65% dip at block height 806,400, offering a slight reprieve for miners. This marks the first decline since July 26, when a 2.94% slide was recorded at block height 802,368.
Bitcoin Miners See Relief With 2.65% Difficulty Drop and Rising Hash Price
As of Tuesday evening, bitcoin (BTC) miners are finding the going a tad smoother. The network’s mining difficulty decreased by 2.65% on Tuesday evening at block height 806,400. This adjustment comes after the difficulty peaked at an impressive 55.62 trillion, holding steady for 2,016 blocks, or roughly two weeks.
Jamie Redman, Bitcoin.com
reply