Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SPR] SpreadCoin | True Decentralization (No Pools)
by
thelonecrouton
on 17/01/2015, 19:43:31 UTC
What's centralized about what i said? You think one person having 10% of a network is centralization?

If you really believe that 10% is menial, give me 10% of your cryptos, then tell me how decentralized you feel in the morning. Wink

One person owning x% of the Masternodes is a very different thing from one person owning x% of the hashpower. Probability of attack success does not scale linearly with attacker numbers when it comes to Masternodes.

Masternodes are selected each block/transaction effectively randomly, in an n-of-m fashion.

Do the math on the chances of 10% of Masternodes belonging to one person being compromised enabling anyone to trace a transaction through for example 8 rounds of Darksend:

0.1^8 = 0.00000001.

Good luck with that.

At 51% compromised Masternodes it rises to a mighty 4.58% chance of success, vs a 51% hashpower attack which has a 100% chance of success.

If you're not getting that Masternodes are fucking awesome, I suggest laying off whatever shit you're smoking and injecting some steroids directly into your brain. Might take you a few stabs to locate it...  Cheesy