I will soon leave your thread, so you can continue to work on this dead-end without my interference. I just wanted to confirm first, that you can't refute my conclusion that it is a dead-end. I wanted to see what is the best logical defense that could be presented. Looks to me, there is no defense.
It appears to be fundamental.
Let me start by saying that your "can't do" attitude is reproachful. If I listened to everyone who told me that "you can't do this" over the last 2 years,
I like to defeat roadblocks, but dead-ends are dead-ends.
we wouldn't be here debating the finer points of a system that, on its surface, solves or reduces a hundred different problems with bitcoin. And perhaps fiat too.
All of that meta BS is irrelevant if the fundamental proof-of-concept for security is inherently and fundamentally insecure as we have explained on this page.
Bitcoin presumes the financial incentive is not there to attack the network, or that it is difficult to surmount for some entity for which money is little object. There is no lesser presumption in decrits.
Bitcoin assumes 51% attack is a major event. Money is the will of society. Society will be involved. See my thread No Money Exists Without the Majority.
Until then, Bitcoin is provable secure.
Your see-sawing between "it's 51% attackable" to "it's completely inept" to "it's not anonymous enough" is a complete waste of everyone's time, including yours. Let me be stupid if you think I'm stupid, but go on your merry fucking way.
As I explained on this page, it is theoretically possible to preimage it and gain complete control with less than 51%.
Also the propagation is also a consensus problem.
I haven't complained about the anonymity.
If, on the other hand, you are actually capable of changing your opinion, stop acting like a toad and start presenting arguments cohesively and in a focused manner, and perhaps progress could actually be made. Sor.rge and I have had a very productive conversation over PMs without you being the distraction that you have been since you arrived.
Technology != politics.
Coherent and concise explanations have been made on this page.
Now you may have noticed that I set up a little trap for you "upthread" by asking you what EvilCorp does in step 6 to control the network, and your answer was "well he controls the SHs he controls". We already know this. Yes, he can delay transactions, yes, he can delay other SH TBs if he controls enough in a row, but he does not control the network at 51% or at 90% of the shares.
Incorrect, he can control the network with less than 51%. I explained on this page.
Now, if this was proof-of-work or proof-of-hard disk, EvilCorp needs only control resources he may already control from say, attacking another network. But the only way to control decrits is to own decrits, something that can not be obtained anywhere else other than from within the network. So even if in the remotest of remote possibilities, someone does take control of the network and destroys it, whatever resources EvilCorp used to take control are now forever gone. He had to spend his fiat, or if a government printed fiat into hyperinflation to perform the attack, that government has essentially been overthrown.
Oh man you make a lot of assumptions about the lack of power of fiat banking.
You assume your system can change everything about history.
Fucking megalomaniac insane.
Socialism fails dude. You can't wall off what people do.
And this meta BS is irrelevant any way. We have already shown on this page that proof-of-consensus is fundamentally insecure. Period. End of story.
So, since EvilCorp/government is unlikely to perform this network destruction attack--as they go down with the ship--they will attempt to control. Except, to attempt the control you describe, they must continue to buy up shares in dramatically larger quantities than honest people. Being the "last TB" is mostly irrelevant.
Incorrect, in theory can preimage the entropy and get his small percent of SHs to repeat continuously in every CB.
Even if you use the non-randomized ordering, he can buy up contiguous blocks and take control long enough. Remember the fiat powers can stay solvent longer than we can.
This can even be extended to be even more difficult to obtain control of the last TB, if that truly is identified as a weakness. Program the function so that only the oldest 20% of the SHs are capable of creating the last TB. Now using removing money from the shares results in a multi-year penalty for each SH repurchased, or you'll have to control >80% just to have the opportunity to add billions more in shares to control the order. Meaning that adding shares and keeping them longer is the only way. And you must. keep. adding to continue controlling the order at a rate of 3,000 DCR per hash attempt.
This can be controlled as I have explained upthread. I am sorry you can't change nature. The input entropy is mathematically fundamental.