Post
Topic
Board Development & Technical Discussion
Re: Proof of Raffle
by
erik777
on 05/09/2015, 03:04:41 UTC
I am not sure how the sybil attack would work in this scenario.  I would have thought the lottery system would attract a large number of cheap nodes.  An attacker would find it difficult to get a useful proportion of nodes into the system to allow them to influence the network.

And so, what is a node?

A private key?
An IP address?

?

A port?  

https://www.reddit.com/r/Bitcoin/comments/2vv8m6/pseudonode_when_is_a_full_node_a_full_node/

One would have to wonder what would happen in this model if you introduced a proof of stake.  E.g., each node must own 1 coin -- max coins being 22 million.  

I would do multi-sig to ensure that the node could sign the proof with one sig but require two sigs to transact, protecting it from hacking.