Re: Nine of the World’s Biggest Banks Form Blockchain Partnership

Any calcs on the energy usage over any period of time?

Whats the graph look like?

Hostile situation?  Like that doesn't happen?

Calcs should be done...

On 23:58, Thu, 17/09/2015 David Nicol <davidnicol@gmail.com> wrote:

> On Thu, Sep 17, 2015 at 2:13 AM, Timothy Holborn
> <timothy.holborn@gmail.com> wrote:
> > Is there a solution for the 51% issue?
>
> There is no serious 51% issue except in a hostile situation.
>
> There is no reason to aggressively compete for blockchain extension
> rights in a cooperative situation.
>
> Mining is an astoundingly brilliant promotional/marketing device for
> BitCoin and not at all essential to blockchains.
>
> A consortium of co-maintainers of a shared ledger, if they are using
> Bitcoin's block chain extension agent selection method, might
> establish a back-off policy to reduce the flops any participating puts
> into mining after they win a round. They might even simply take turns
> and only extend after all participants have verified. They're
> cooperating.
>