📅 Original date posted:2013-11-04
📝 Original message:>
> The suggested change is actually very simple (minutes of coding) and
> elegant and addresses precisely the identified problem.
>
Disagree. Unless I'm misunderstanding what they propose, their suggested
change would mean anyone could broadcast a newly discovered block at any
point and have a 50% chance of being the winner. That is a fundamental
change to the dynamics of how Bitcoin works that would require careful
thought and study.
Also, their solution doesn't really address the problem they bring up, it
just changes the size of the threshold required.
Fundamentally, their attack is a sybil attack. It doesn't work if they
can't delay or block a pools competitors because mostly their block will
come in second place and they'll lose the race. Thus the solution should be
a solution to sybil attacks.
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Mike Hearn [ARCHIVE] /
npub17t…4qgyd
2023-06-07 15:08:37
in reply to nevent1q…xlys
Author Public Key
npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgydPublished at
2023-06-07 15:08:37Event JSON
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"content": "📅 Original date posted:2013-11-04\n📝 Original message:\u003e\n\u003e The suggested change is actually very simple (minutes of coding) and\n\u003e elegant and addresses precisely the identified problem.\n\u003e\n\nDisagree. Unless I'm misunderstanding what they propose, their suggested\nchange would mean anyone could broadcast a newly discovered block at any\npoint and have a 50% chance of being the winner. That is a fundamental\nchange to the dynamics of how Bitcoin works that would require careful\nthought and study.\n\nAlso, their solution doesn't really address the problem they bring up, it\njust changes the size of the threshold required.\n\nFundamentally, their attack is a sybil attack. It doesn't work if they\ncan't delay or block a pools competitors because mostly their block will\ncome in second place and they'll lose the race. Thus the solution should be\na solution to sybil attacks.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20131104/edb33ec8/attachment.html\u003e",
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