sipa changed the topic of #bitcoin-wizards to: This channel is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development | http://bitcoin.ninja/ | This channel is logged. | For logs and more information, visit http://bitcoin.ninja
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<elichai2>
Is it possible to make bitcoin to *not* assume CRH?(Collision-Resistant-Hash). the biggest problem I see is the transactions merkle trees. they assume something closely related to CRH (unformally, as I have no formal definition here, they require that a txid can only match 1 transaction. if it can match more than one than we're in trouble)
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<M7918070_[m]>
That would break the whole blockchain principle, no?
<M7918070_[m]>
Is it possible to construct a PoW algorithm with more or less strong guarantees of ASIC and FPGA resistance?
<M7918070_[m]>
Like, theoretically - if it were trivial, it'd already have been done. But is it theoretically possible to make an algorithm for which consumer-grade computer hardware is provably the most efficient way to mine it?
<M7918070_[m]>
There was RandomX which is essentially random opcodes, but it doesn't have too much branching and could concievably fall victim to NetBurst-style ASICs. Would something like an IO-hard PoW algo be conceivable?
<M7918070_[m]>
like, you compute x = H(seed) modulo current size of blockchain
<M7918070_[m]>
where H is memory-hard
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<M7918070_[m]>
you then read 32 bytes from blockchain[x] into x'
<M7918070_[m]>
x = H(x') mod blockchain size
<M7918070_[m]>
x' = blockchain[x:x+32]
<M7918070_[m]>
and so on and so forth for a defined number of iterations
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<M7918070_[m]>
Like, the exact same way scrypt or argon2 or ethash or whatnot works, but with the blockchain as scratchpad. But this clearly hasn't been done, leading me to think there is some flaw to it
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