From cca2c94ec4ae2ab22932772fc7f0da26280af509 Mon Sep 17 00:00:00 2001 From: Luke Childs Date: Wed, 23 Nov 2022 13:12:53 +0700 Subject: [PATCH] Fix typo in peer-review.md --- peer-review/peer-review-new.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/peer-review/peer-review-new.md b/peer-review/peer-review-new.md index 893aa14..31c5a02 100644 --- a/peer-review/peer-review-new.md +++ b/peer-review/peer-review-new.md @@ -107,7 +107,7 @@ To me, the complaint makes no sense. Nonetheless, I shall now try to explain thi First, the complaint asks us to consider "burdensome sidechains" which are expensive to run, but profitable. -So imagine that all "sidechain" software costs $5 M / year to run, but "sidiechains" bring in $100 M / year (in txn fee revenue). A solo miner with only 4% of the hashrate would earn $4M from "sidechains" (just 4% of the total $100M). But "sidechains" would cost this miner a fixed $5M. So this miner does not run any sidechains. But conversely, a solo miner with 12% would run sidechains -- they'd pay $5M (fixed) and earn $12. This miner now earns a higher ROI (the $12/$5 ROI blends in with the subsistence ROI he was earning pre-sidechains). Because of sidechains, larger miners are rewarded more. +So imagine that all "sidechain" software costs $5 M / year to run, but "sidechains" bring in $100 M / year (in txn fee revenue). A solo miner with only 4% of the hashrate would earn $4M from "sidechains" (just 4% of the total $100M). But "sidechains" would cost this miner a fixed $5M. So this miner does not run any sidechains. But conversely, a solo miner with 12% would run sidechains -- they'd pay $5M (fixed) and earn $12. This miner now earns a higher ROI (the $12/$5 ROI blends in with the subsistence ROI he was earning pre-sidechains). Because of sidechains, larger miners are rewarded more. The same problem applies to pools. The pool operators who mine "sidechains", will have an edge over those who do not. Pools which turn down the free money, will not attract Hashers. Therefore, eventually, "running all profitable sidechains" will become an activity that is de facto mandatory. @@ -268,4 +268,4 @@ People whose opinion on Drivechain we don't know (please tell us!), plus the fou ### See Also * [Why Drivechain is Hard to Understand](http://www.drivechain.info/blog/hard-to-understand/) -- Strange quirks of DC that make it different from previous soft forks of Bitcoin. -* (forthcoming) [Conflicts of Interest](/link-forthcoming/) -- Almost everyone who could peer review drivechain, stands to lose a lot of money if it succeeds. \ No newline at end of file +* (forthcoming) [Conflicts of Interest](/link-forthcoming/) -- Almost everyone who could peer review drivechain, stands to lose a lot of money if it succeeds.