Post
Topic
Board Announcements (Altcoins)
Re: IOTA
by
TPTB_need_war
on 28/10/2015, 22:44:02 UTC
in the event a honest guy tries to reference a legit tip and the attacker's tip, he'll detect the contradiction and won't do it. Therefore, the attacker's subtangle will be abandoned.

This requires not just an honest guy, but a diligent one as well.
The risk is that honest guys will be lazy and rely on others to go far back in history to check all tx for double spending.


The lazy guys risk that their tx's will be abandoned, because the majority of the nodes won't reference them.

That is precisely how I would have answered. It is quite clear that everyone has a strong incentive to be on a correct branch, else any time down stream someone can broadcast a notice that a branch is incongruent then that branch gets abandoned.

But doesn't this mean that there is a great incentive to not include tips in your branch, because these don't yet have enough veracity to be sure they won't end up being a double-spend. In your system there is often no way to prove which of the double-spends were first, so they both are invalid.

Seems to me no one has an incentive to lengthen instead of broaden the tree. But I haven't absorbed the white paper. Did you address that?
Yes. As mentioned somewhere above on this page (or maybe on the previous one), the (default) referencing algorithm works in such a way that it prefers tips with bigger height. So, if you're too lazy and reference some very old tx's, you take the risk that your tx won't be referenced by others.

But that default doesn't seem to be the correct game theory? This is Prisoner's Dilemma game. Afaics, lower incentive to go first on including a new tip. Just noticed yesterday this research on cases where the pessimistic Nash equilibrium is claimed not to hold (but on quick glance I ponder if they have overly simplistic assumptions in their models).

Obviously if everyone defects to making their own branches (maximally broaden the tree), then no one's tips get lengthened and thus the entire system doesn't function. But is the optimum strategy the default that you assume?