Ninjastic
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Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
by
puwaha
on 20/12/2014, 09:07:56 UTC
Quote from: suchmoon on December 20, 2014, 08:38:10 AM
Quote from: jimmothy on December 20, 2014, 08:12:58 AM
Quote from: puwaha on December 20, 2014, 08:10:49 AM
Yeah, I don't see any built-in security against a 51% attack specifically in the code.  But the attack still requires collusion between a majority of prime controllers, and a bad actor(s) can be ejected from the network.  All it takes is one prime to call a vote for ejection.  So theoretically, GAW (or the collusion group) would have to own 100% of the prime controllers.  After the ejection, Orion controllers can bid to become prime, thereby also securing against collusion.

And what if the bad actor is GAW who controls 100% of the prime controllers?

I'm still puzzled by this whole orion-bidding-prime process. Shouldn't it all be a transparent and cryptographically verifiable process? Otherwise why bother calling it a crypto currency.

In other words, let's say I buy 125k coins on Cryptsy (or maybe my name is Craig). How can I apply to host a Prime controller? This all starts in a few hours, and there doesn't seem to be any concern from anybody (us trolls don't count) that nothing is known about it Smiley

After POS starts, setup an orion controller, and then you can bid for an open prime controller spot.  Before POS starts, contact GAW, they can help you with the details of the prime controller.