[ogreyonder]

I'm interested in seeing a real explanation of the Dagger algorithm.

In brief: the only source I can find (that page) just contains a few sloppy lines of pseudocode. Where is real description and proof of its properties?

https://news.ycombinator.com/item?id=7115825

[aaron-lebo]

There's been further discussion of Dagger.

http://www.reddit.com/r/ethereum/comments/1vh94e/dagger_upda...

Not just in this link but in another that I cannot find, the devs seem to be leaning towards a bybrid PoW/PoS system like Peercoin.

Edit:

Quote was, "We will switch our PoW from Dagger to a hybrid PoW/PoS system to be developed via a bountied competition conducted by our university partners and open to the general community for participation." from https://bitcointalk.org/index.php?topic=428589.0;all.

[ogreyonder]

A hybrid system sounds reasonable, but I'm more interested in how they think that Dagger is ASIC-proof. I can't tell without a real description of the algorithm, but what is presented doesn't seem hard to parallelize.

[rdn]

Someone pointed that out to them, https://bitslog.wordpress.com/2014/01/17/ethereum-dagger-pow...

And now they've stated,

"We have made a preliminary decision that we likely will fund a contest, similar to that used to develop AES and SHA3, to determine the best ASIC-proof (ie. going beyond just "memory hard" as a heuristic) mining algorithm" http://www.reddit.com/r/ethereum/comments/1vh94e/dagger_upda...