Topic: delete - page 2. (Read 2367 times)

Wait, so the premine was actually 12m?

Saw on IRC what it takes to be a supernode:

A wallet with 1m coins in it, that appears to be the only thing.

The premine was slightly higher than announced, given that ten supernodes each got 1.2m coins!

Even numbered (supernode) blocks don't generate coins, rather they cost 5% of whatever a normal block is worth.



It's an interesting way to prevent 51% attacks, but it A) assumes the attacker doesn't have 1m coins, and B) currently places the entire network in the hands of a single person (centralized!).

I suspect it is different than you think. He was here last night saying it was distributed.

I think it probably does something like this.
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That's actually pretty darn clever! He has created a trivial implementation of a vector clock. Basically the "trusted nodes" are really time keepers marking what happened in what order. I'm assuming they are known in number and non-anonymous nodes.

In the case of a network partitioning (intensional or otherwise) the known trusted nodes have to be partitioned as well. In this case, since you know the total number of trusted nodes, you have an additional piece of information to use in reconciling chain forks. The number of trusted nodes marking time on each fork. This defines the center of the SolidCoin universe.

If 90% of the trusted nodes are marking time on one fork, and you are hammering a fork with 10% of trusted nodes marking time, you will probably lose when the partitioned networks recombine. But fortunately, for you, that should become apparent as you see timekeepers drop off your chain.

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I don't think it requires a common key. It does seem to require making a donation to the central fund though. Assuming anyone could participate as a trusted peer if they wanted, then you have the following dynamic.

Fork A: One hundred independent trusted peers interspersing donations between 1000 generated blocks, means 10 donations each.
Fork B: One clandestine group interspersing donations between 1000 generated blocks, means 1000 donations.

Perhaps that is the disincentive?

Not at all, I and the rest of the IRC were told directly by CH about the trusted nodes doing every even block (with a difficulty of 1).
The entire IRC got to watch him duck questions about the trusted nodes, too.

It is all just rumours ATM, I'm afraid.

it's part of coinhunter's "genius" solution to 51% attack, he just mines 50% of the nodes himself to ensure no one can ever get 51% and fork the chain

Where are you getting information about supernodes? Has source or a paper been released?

del