Post
Topic
Board Altcoin Discussion
Re: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem)
by
Hyperme.sh
on 06/10/2017, 21:27:17 UTC
(surely not pigeons if we want fast transactions)

I qualified it as "fast" pigeons. Genetic engineering will help.

You’re notorious (at least with me) for that pigeon comment which dates back to (2014?) discussions of offchain versus Cryptonote onchain anonymity. Recently I had tried to find your original comment but I could not. Did you delete it? Or was it in a private message only?

Now your upgrading the technology of your metaphorical pigeons.  Cool

Attackers will go after the most vulnerable portions first. Attacking the block producers is way down on the list, and I continue to believe that block producers have very strong defenses, such as changing apparent network location regularly.

You’re still arguing the network access attack on block producers, which is not my point.

My economic point remains that the block producers will attack each other or be attacked by non-network-access means if ever a DPoS chain reaches $1 trillion mcap which I pointed out in my prior post. Actually @r0ach was the first person to make that prediction in 2015 or 2016 afair.

You’re entirely missing the point. It is an economic point, not a traffic volume nor network-access-attack point. I already explained in my prior post about whale-dependency economics/vulnerabilities. Steem is what a $200 million market cap? If it became a $100 billion market cap, then the economic incentives to attack whales in numerous ways such as lawsuits, nation-state regulators, assassins, etc..

Also there is the point that the delegate block producers operating independently (i.e. so they do not need to connect to many other nodes) is only possible because as Vitalik pointed out, there is no verifiable objectivity in the consensus. It is all trust based shit. Which means indistinguishable from attack when the block producers start fighting each other one day.

(Note I finished editing my prior comment.)

@XbladeX I don't know why people are attacking it, but they are.

Somebody is upset that Dan has been combing his hair forward to cover up his receding hairline.

(I have nothing against Dan personally, just the $200 million token sale and the lack of focus on technology first)