Post
Topic
Board Altcoin Discussion
Re: Satoshi didn't solve the Byzantine generals problem
by
David Rabahy
on 08/02/2016, 17:10:50 UTC
That is why I designed an UNprofitable PoW system. There is no other hope.
Hmm, I can be dense.  Unprofitable PoW; seems like it will be pretty hard to get folks to participate.  That said, I do run an unprofitable full node without mining.  So, maybe we would get some altruistic folks to do it *but* aren't they at risk of being over-taken by bad guys willing to run unprofitably?
The details, incentives, and potential pitfalls are deeper than that and are partially covered in the Decentralization thread (perhaps start reading from page 20 forward). No offense intended, but I am too weary to repeat again.
I sincerely appreciate your efforts; I sincerely wish you the best.  I don't think you can do it (but that's almost certainly due to my shortcomings) but please do try; nothing would make me happier than to see you succeed.  If there's anything I can do to help then please do not hesitate to ask me and I will try my best.  For example, I would be delighted to review your white paper when it is ready.