Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MOTO] Motocoin | Proof-of-Play | First exclusively human-minable coin
by
WilliamLie2
on 05/06/2014, 16:16:38 UTC
If you are mining new block and secure some transactions with it then we say that these transactions belong to that block. If you say that they were part of previous block but wasn't secured by it then this is just a game of words, because you are that guy who secures them and you deside which transactions will belong to previous block, not the one who mined previous block, so it is still the same as if you added these transactions to your block. Each block includes hash of previous block, therefore currently all previous blocks are used for seed.
You would still attach the PoW to a new block with new transactions, your map seed would just reference older data.  Yes, when you solved this map it would do nothing to confirm the integrity of those transactions at that time (instead adding confirmation only to the blocks up to where your seed block was) but in the next N blocks when someone else solved against your block (or any block after it) it would serve to secure those transactions.  This is why I say it would require N times as many confirms to be sure of a transfer.
You still don't understand what I'm talking about. If you just attached some transactions to your block without securing them then no one cares about them. Realying nodes may change them while relaying and next miner can just ignore them and add there any transactions he wants.

Quote
Yeah, it is exceptionally secure. And you can perform 99% attack any time you wish, sounds very secure. Smiley
Yes, granted, right now we (botters) "own" the network, and there are only quite few of us.  My point stands, however.  The network would be difficult to attack by anyone "not us" now.  Presumably there will be more and more of "us" with each day, both adding strength to, and decentralizing that ownership of, the network.
Centralized banking system is also difficult to attack by anyone "not them". But the whole point of cryptocurrencies is that no one should have any large control.

Yup.  Not to mention the "clincher" here which is that the bots could simply run their solutions without this "added legwork" and then re-run their path against the "full physics" once a solution is found to verify that it will be accepted by the network.  This would just hamper normal users a LOT and the bot heuristics very very little.
Yes, I didn't thought about it, this makes it almost useless as protection from bots.