Quote from: ChuckOne on February 16, 2014, 09:59:17 PM

Quote from: chanc3r on February 16, 2014, 09:47:28 PM

Quote from: Come-from-Beyond on February 16, 2014, 09:42:15 PM

Quote from: ChuckOne on February 16, 2014, 09:03:15 PM

Quote from: Come-from-Beyond on February 16, 2014, 08:50:45 PM

Quote from: ChuckOne on February 16, 2014, 08:34:21 PM

So, when an account leases forging power to a node, what should prevent that node to mis-use that power?

Fear that the leaser will take the power back.

That should not suffice. There could be a business model made on top of this:

1) bad node tells forgers 'u get a bigger slice of the profit when u support me'
2) bad node does only accept transactions with big fees
3) people will pay

You could argue that in that case people will cash out and move on to another crypto-currency or NXT clone. That is true if NXT is young and nobody depends on it as it is the case right now.

However, if NXT is mature and a lot of services depend on it, nobody can cash out that easily and will feed the scheme

Will work only if a lot of power is owned by bad nodes. This is unlikely if Nxt is mature.

Don't other nodes see the block so know what should be in the forged block - if the forging is faulty couldn't the other nodes reject the block and the transactions then get added into the next block.
So a bad node could risk its block being rejected and the work being given to the next forging node to get the fees.

I don't think they know what should be in a block. They only see what is in there after the block is forged.

But everyones sees what *could* be in a block, so it can be noticed if a node is shady