RaiBlocks:RaiBlocks is a highly flawed design that was debunked by experts (
including @gmaxwell Gregory Maxwell Core Bitcoin developer) in 2015 as linked below. Heck Vitalik and
AnonyMint even
helped them think of the name change from Blocklattice to RaiBlocks.
I heard about raiblocks for quite sometime, and many people told me how profitable it would be in future.
Fast forward to 2016, I dont see a single discussion about Raiblocks. Why is that?
Is raiblocks gone?
Tl;dr - what happened to raiblocks?
Because you didn't listen to TPTB's (i.e. @AnonyMint's) technical analysis of RaiBlocks:
This design was already discussed and there are serious doubts about its viability:
https://bitcointalk.org/index.php?topic=1219264.0I find it deceiving that the lead developer did not reference the prior thread in his OP. And has created new threads to spam the Altcoin Discussion forum (ostensibly to bury the above linked serious technical analysis).
Also in my opinion, you are fundamentally responsible for being your own block emitter. If you want to spend a cryptocurrency you obtained, and your blocks have not propagated enough you may need to provide the store with a large packet containing all the blocks/chains necessary to fully trace the inputs to your transaction for validation.
...
Thank you for your input. I look forward to hearing your design.
Your design is not secure in terms of all nodes (users' chains) seeing a consistent ordering, because the set of possibilities is unbounded and you can't disprove a negative in an unbounded universe. It is covered in my whitepaper.
Raiblocks already invented what you did, and they tried to arrive at consensus with voting but @monsterer and I explained why that was flawed.Because it's the coin that comes closest to removing middlemen while still failing and being a scam:
Iota didnt come any closer than anything else. I challenged CfB to remove the centralized Coordinator (or any obfuscation of it) and afaik they havent because they cant. The consensus will not converge without it. You've got altcoins out there with $billions mcaps which are entirely BS technobabble including RaiBlocks.