Post
Topic
Board Altcoin Discussion
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
by
Fuserleer
on 11/01/2016, 15:45:43 UTC
Are you refering to this http://blog.emunie.com/?p=53 ?
Where do you see the similarities to POS ?

No, it was on these forums - there was a consensus primer, but it lacked critical information. What I could discern at the time was that it was vulnerable to long range attacks (like POS), and there were edges cases around when the validating nodes changed. Both of these problems challenge the idea of an append only ledger, unless you add trusted authorities.

Did you announce the details of these long range attacks you perceived, I don't recall.  

Also the voting nodes change at specific intervals, theres an edge case where the majority of the selected voting nodes are offline, or unavailable and dont vote.  That then results in a failed vote and the ledger state is in "limbo" until the next set of selected voting nodes then vote.  As they are voting on the state of the ledger, their vote encapsulates the data as a matter of course from the missing vote.  Not really a critical issue.

I figured voting would be the way you would try to do it.

Which vote occurred first? How do you prove it with a mathematical data structure?

Can't be done without a LCR or centralization.

If you even bothered to read the primer I posted months ago, such a realization you just had would of been apparent MONTHS ago.

You don't need to know which vote occurred first, apparently you're smart, so get your head out of the box a bit and think.

You did not address the technical challenge. You just used ad hominem and inconclusive statements to avoid it.

What people don't like is when they can't bullshit any more.

You'd have known that information about voting a long time ago if you were actually reading the content I produced instead of just attempting to shoot it down.

That leads me to think you are actively wasting my time which pisses me off to be frank.