Post
Topic
Board Altcoin Discussion
Re: Satoshi didn't solve the Byzantine generals problem
by
monsterer
on 17/09/2015, 21:34:41 UTC
Here's the battle of the century of r0ach vs smooth regarding this issue.  They call him "smooth" because it's like talking to Bill Clinton.  You tell me who won:

I suspect you are attempting to justify other consensus mechanisms by trying to find loopholes in definitions to prove a point. Satoshi did solve the byzantine problem in the face of sybil attack, it's been proven.

There have been other solutions, such as ripple's consensus - which is only resistant against 20% byzantine failures. By applying proof of work to the problem, satoshi was able to increase this to 50% which is the theoretical optimum.

Satoshi's solution is not perfect, of course - the pools centralise and ASICs worsen the situation, but the core of the idea is sound.