Post
Topic
Board Altcoin Discussion
Re: [neㄘcash, ᨇcash, net⚷eys, or viᖚes?] Name AnonyMint's vapor coin?
by
TPTB_need_war
on 18/12/2015, 19:44:29 UTC
I think you have commented somewhere that your design does weaken the security model in some way (relative to satoshi's idealized non-concentrated mining).

That was only because I didn't want every node to download and verify every transaction, so they had to trust an aggregator. But if I don't require that, then I believe no security tradeoff exists. I can still hit very high transaction volume I think without that, but not as unbounded as could be with delegation of verification (so that would be the one feature that I would have to retract from my original statements in other threads claiming I had a breakthrough). I can still consider Lightning Networks to scale beyond that or some similar conceptual paradigm.

I am still analyzing whether the optional aggregator design falls victim to our point about externalities and the damage they can inflict due to trust. I think yes. I think that remains the tradeoff that is difficult to get around if choosing to delegate verification. I believe this ties into issues of attacking the P2P network and propagation. The CAP theorem will apply I think. That is why I put some effort into that recently:

https://github.com/shelby3/hashsig/blob/master/DDoS%20Defense%20Employing%20Public%20Key%20Cryptography.md

Any way, I need to get back to launching something because marketing is more (or at least as) important than theory. I've got a breakthrough, but of course there isn't a perfect nirvana.

Edit: I think I can bring a lot of innovation on the marketing side also that we haven't seen yet in the altcoin arena. Perhaps more so than even my block chain tech. Again I am not selling anything to investors, so there is no pumping here. I am just excited and also want to get this damn thing launched, because I am also tired. I want to know asap if this marketing plan works or flops.

Need to sign off. My gf leaves tomorrow to travel 12 hours to her family home for the holidays, so I will be working all alone here in Davao and no one to cook for me for the next week or perhaps up to New Years. I need to signoff (4am here and I haven't slept yet) so I can do all the TODO for her sendoff tomorrow including buying new rear tires for my SUV. I can't eat out because all food in Philipppines is laden with MSG and glutamate is I think a serious poison to me.

Thanks to you, monsterer, and illodin for the discussion. That cleared up a lot of matters.

Monsterer you provide that peer review and analysis free-of-charge. That is much appreciated. Smooth also. Smooth has an incentive to know what new tech is on the horizon.