Moore is dead, long live Moore (in 3d volume integration of molecular components, coming in a couple decades).
Well, I'm no singulatarian, but I do think it's naive to expect something as complex and immutable as a block-chain based currency of *any design* to last longer than a decade (or even half that) these days, before needing replacement. What you should aim for is relative stability in that term, not the "long term", so that you can transition gently to updated 'coins as they emerge to tackle new technology. Thankfully we do generally get good advance notice of new technologies. We know that there's progress in Quantum, but we know its not there yet. We know there are proof of concept DNA computers, but for now there's no conceivable architecture for a general-purpose DNA computer; each must be built for the mathematical task to hand (although that doesn't rule out a mental genius creating a sha256-hashing DNA computer and brute-forcing through nigh-infinite parallelism). So; design your coins to last as long as they're likely to last. Don't expect or desire them to outlast that. Given the leverage a currency has on an economy, you could even regard a new 'coin as a "budget plan" for the next few years, though god help you if you get it wrong. :) On Tue, 15 Oct 2013 14:37:44 +0200 Eugen Leitl <eugen@leitl.org> wrote:
On Tue, Oct 15, 2013 at 01:25:21PM +0100, Cathal Garvey wrote:
So yea, Litecoin's nearly there. Maybe we can make a CPU-hash, maybe
Make something requiring huge LUTs, and in-memory access. That is not ASICable or FPGAble.
not. But at least we can make a hash that either guarantees GPU-only for a few years, or one that's hardcoded to match Moore's Law so it'll always stay ahead of the curve (bearing in mind Bunnie's plausible suggestion that Moore's Law is levelling off: http://www.bunniestudios.com/blog/?p=1863 )
Doubling rate is now 3 years by end of this year instead of 18 months, according to AMD.
Moore is dead, long live Moore (in 3d volume integration of molecular components, coming in a couple decades).