Ninjastic
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Topic
Board Development & Technical Discussion
Re: The timely confirmation incentive in a system with no mining rewards
by
spartacusrex
on 14/03/2016, 10:13:52 UTC
Quote from: TPTB_need_war on March 14, 2016, 09:23:12 AM
Quote from: monsterer on March 14, 2016, 09:15:53 AM
Quote from: monsterer on March 13, 2016, 07:02:38 PM
The question is whether there needs to be any "reward" at all (assuming that you don't require increasing costs of hardware and electricity in order to run a full node).

As I see it, unless there is a trust based model like PoS, rational participants do not act in the benefit of the chain as a whole because the timely confirmation incentive is ill defined in a system with no rewards.

What I believe monsterer is describing is that no miner has incentive to mine as quickly as possible onto the longest chain if they are not risking income by not doing so.

I am of course aware of this.

I will not comment about my design to which monsterer is referring to in the OP, until he properly credits me for being the one who proposed such a design.

I will not reward plagiarists who don't cite the prior art. Theft is not a paradigm for success.

Eh.. !?

You're such a dickhead TPTB.. 'moments of clarity drowning in an ocean of arrogant shit..' - That's you that is.

..

@monsterer - LOVING your in-depth attacks/analysis of POS frameworks, and your study of this new DAGcoin/IOTA direction for POW chains. Keep it up!   Smiley