Post
Topic
Board Announcements (Altcoins)
Re: Vcash (former Vanillacoin) unmoderated discussion
by
TPTB_need_war
on 20/04/2016, 23:44:52 UTC
...
Sorry as I told you before, Monero does not solve the Tragedy of the Commons in Satoshi's design. It does adaptively increase the block size while preventing spam surges.

I doubt John Conner's design has achieved any better, because as I explained at our prior discussion, there is no decentralized solution to that Tragedy of the Commons in the current proof-of-work designs. I have a solution, but it is a very radical change to the proof-of-work design that relies on unprofitable mining by payers.

I responded to this in the Monero Technical Discussion thread. https://bitcointalk.org/index.php?topic=1139756.msg14610651#msg14610651 I should point out that without a tail emission or something equivalent (for: example demurrage) to secure the coin I would predict that the coin will fail.

I had also replied here:

https://bitcointalk.org/index.php?topic=1183043.msg14599452#msg14599452

Note I may or may not be able to follow up more (e.g. in the Monero Technical Discussion thread), depending on my priorities. Eventually we will elucidate this issue fully.