You said we cant enforce blocks solved by a CPID as anyone can forge the CPID:
-> Sorry, but this is also not true. Here is proof:
A) User signs up for Rosetta, as a cancer-researcher, receives a CPID. B) User associates CPID with Biblepay using our UI - this creates a burn transaction signed by their public BBP key. B1) Burns do not enter the chain unless verified as Owned by the owner (see our CPID advertisement protocol). C) We require CPIDs to POW-mine in the future. D) User must sign the blockindex with their public key and CPID and signature. E) Other nodes reject blocks that are not signed. F) No CPIDs may be re-used for a minimum of 10 blocks.
A) Easily done
B) So far no problem for the bot net
B1) Still no problem
C) They still got plenty of CPU to PoW mine
D) They will have both so they can do this
E) They won't be rejected because they will have steps A-D
F) Not a problem they will have multiple CPIDs
Botnet Busted. They cant mine, and they cant perform a 51% attack (because of DGW and the limiter rule).
They can easiliy split their hash power among as many virtual nodes as they'd like completely bypassing any such limit and still launch a 51% attack.
Only now most of the CPU power in the network is working on BOINC and not protecting the network against 51% attacks.
Swongel, you are acting like we are all idiots here. Everyone here can see through your one sided view - and we know you hate distributed computing already.
You arent giving an inch, and that proves its not an intelligent conversation to enter into, its one sided FUD.
On your CPID example above, that the botnet can split up CPIDs, no they cant. Of course, trying to be succinct I didnt fully clarify above "all cpids must have a minimum of 10 rac" OK, let me clarify, then all CPIDs that are heat mining must have 10 RAC. Its just not going to happen, because every CPID will take a minimum of a few days to generate 10 RAC, then its not a valid advertised DCC until its associated in the chain, and they just are not going to do it. If they take the time to maintain 10 RAC, then there *is* a valid machine behind that cpid, researching cancer.
Btw: that is the difference between "hard" and "easy". Your attack is not "easy" but "hard" now.
The bot net consists of multiple machines, if their hash power is too great they can split by making virtual machines.
This doesn't take away any of the concerns I have raised, you simply delete my post and ignore the problem.
Valid concern is not FUD it is valid concern, saying I'm biased, not giving an inch, all my posts are FUD these are simply personal attacks, fallacies I won't consider them as a valid argument.
You haven't provided any argument against the problems, nor will you be able to because decentralised consensus cannot depend on trust.
You cannot centralise a crypto currency on a single organisation especially not if they did not accept the position of responsibility.
I'll leave a link to a mirror of my previous post:
https://web.archive.org/web/20180209120532/https://bitcointalk.org/index.php?topic=2388064.msg29924334