Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
kaicrypzen
on 09/12/2016, 17:25:08 UTC
There are two different things:
Detection: works immediately and rejects the microtransaction if it has more than 2 outputs.
Deduplication: removing of conflicting links happens after both transactions attain more than 10 confirmations.  It will work even after the snapshot and can remove conflicting links created in the last minutes of Dec 24.

Okay, cool then. I don't know why I was under the impression that once the snapshot was taken it would be too late Smiley.

Why would lowering the micropayment be riskier than with the current micropayments? (because they would be easily spotted?)

Because the attack would become cheaper, hence worthwhile.

mmmm, in my opinion the attack is already worthwhile, anyway such an attack won't succeed unless the attackee is not vigilant and doesn't double check their address (as the bot instructs them), so why not lower it if it permits to filter out exchanges addresses at the detection process (not requiring you to check suspect addresses)?

Yes in most standard cases it can't, but exchanges can sign a message with an address holding funds which are not really theirs, can't they?
I contacted most exchanges, and those who replied said they won't.  I have their word on that.

Let's hope they keep their words Smiley.

It was offline for an hour.  It tends to die every other time I step away from the computer that you might think I am the bot Smiley  I'll try to double the memory on the machine, hope it helps.

Okay then. Given what you said about deduplication being done even after the snapshot's taken then the bot dying from time to time is not that big of an issue.