Post
Topic
Board Altcoin Discussion
Re: Decrits: The 99%+ attack-proof coin
by
Fuserleer
on 16/06/2013, 23:48:35 UTC
if eMuni ends up with holes all though it , i guess we keep our GPu's right ha ha .  

There might be some promise to emunie, but it looks like it is going to require a ton of bandwidth and disk space and a lot of processing power and transaction confirmations that take longer as the network grows, because hatchers will be competing. And very little money or luck is required to start attacking the network with double-spent transactions and so on. Clients won't even be aware of this problem a lot of the time, too, so they could be fooled. I dunno, I'll have to see more about it when it is more public, but it seems like the propagators and network securers are the same entities again which causes problems.

Fuserleer hasn't addressed any of the tough questions in the thread.

BitCoin diskspace - what is it atm? 4GB and rising fast?
Processing power - really?? BTC needs ASICS, GPU farms and more, this doesn't.
Transaction confirmations - BTC is 10mins MINIMUM.

A lot more detail is on our forum should you want to visit.  I refrain from posted detailed info now on here because this is a BTC forum and I don't feel it's just to use is as an eMunie outlet.

That said, none of what you say above is correct, eMunie's transaction times are within seconds and will become LESS with more network competition, the blockchain will not grow as large as fast due to planned delta, compression and consolidate features, and it has better double-spend protection than BTC due to running multiple chains and bi-directional block tree traversal.

You can 75% attack it if you like, but your nodes wont have any trust, so that block chain will just be ignored.