Mined bitcoins are unspendable for their first 100 blocks. There has been proposals to either delay spending them for 4375 blocks (~a month), or to zero the block subsidy for a month (so miners only get paid fees and nothing more). The motive here is to deter a large batch of hashers who appear to only have profit as their motive, and are attacking Bitcoin's decentralization in the process. No decisions are final, but you should join the discussion if you have an opinion:

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They will still profit but not profit from attacking the network. They will profit from decentralized mining and being good actors in the network. Bad actors need to be disincentivized.
Why are you going even proposing things like this? You can’t stop anyone from doing this… This is getting out of hand Luke… I think you need to seriously re think what you are doing… Hope all is well have a great day.
The_Crin's avatar
The_Crin 2 months ago
...that is one of the problems of bitcoin mining? thanks to the fact that high-power miners allow blocks to be mined in a matter of minutes, this encourages there to always be companies or groups that want to monopolize the entire industry. if the rewards are no longer made as frequent as they currently are, that would mean that many mining companies would no longer feel so motivated in wanting to invest a lot of energy and hardware in increasing their mining because the profits would no longer be able to touch them until a certain time, which could put them in financial problems because they would no longer be able to pay immediately. those who gave them money for mining. although, if they decide to add that, it is likely that alphapool and lazarus will decide not to upgrade their miners to apply that because they obviously put in a lot of resources just to have 40 and 18% of the blake2b mining and they are not going to want to lose their daily rewards. so it is likely that they will end up separating themselves from the network indirectly again because it is most likely that the smaller miners are the ones who will decide to apply that
Well this make this the Most radical shitcoin Bitcoin fork in our history. First switching mining to a pre existing asic built POW and now changing rewards for proof of work? lol proof of work? Change change change it actually don’t work. So change!
This isn't constructive. When you do things you can be under constant attacks and that changes how you react. I am willing to help and try to understand Luke because I went through that during blocksize war and had it for a year now, again.
When we turn our back on our own, they heavily gain. We are Bitcoin, each of us is part of it and if we want to win we have to stick together. In past I was giving example of attitude towards religion, Lukes is completely different than mine but it is no obstracle for me in respecting him as a person or respecting his work. We all are strange in some ways, we all make mistakes or are sometimes wrong. I definitely make mistakes and sometimes Im simply wrong. On the other hand I probably have highest uncovered number of state agents who acted against us. I also try to listen to people, even if in my opinion they are wrong because maybe its me who is wrong?
Are you trying to talk with Luke IRL or are you only concerned online? Don't feel attacked, its only a question.
Also way you write shows either being malicious or never experiencing how really doing something for Bitcoin looks like. PS. There's no lambos. Please understand that Luke most probably is also under outside designed influence.
I've came back year ago and that is one of things I constantly repeat. Other is that we need to talk IRL in special places
The only outside influences he has are voices in his head. This is clear mental illness. It is to meaningless to be the vast conspiracy you seem to infer. I'd say you are mentally ill just less so that Luke.
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