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Topic: Fundamental flaw in consensus algorithms? (Read 2555 times)

sr. member
Activity: 420
Merit: 262
August 26, 2015, 09:33:46 PM
#33
This user is currently ignored.

Fuck he stalked me from the Economics forum to the Altcoin Discussion forum.

The price of some fame. Do you understand why I won't release any thing with my "AnonyMint" name on it!
sr. member
Activity: 378
Merit: 250
Knowledge could but approximate existence.
August 26, 2015, 09:21:38 PM
#32
One potential solution I see to this problem is to make mining an unprofitable asset burning operation. But if this is accomplished by burning coins, eventually end up with 0 money supply.


GEC could be "spent" ex nihilo (and, thus, ex necessitate rei), so "the next [five] years or more" (xhoneyael) could be irrelevant as long as its "buying power" were non-null.

So we don't want an anti-money (whom can free-for-all coinbase nilly-willy debase faster race into the abyss) shitcoin that is designed to perniciously, self-destruct into a mutual chaos.

Are you certain? (I.e., Are you an economic Euthyphro?)

Quote from: Thomas Paine, _Rights of Man_, 1791
Reason obeys itself; and Ignorance submits to whatever is dictated to it.

Even Aristotle (384‒322 BCE) would not understand: “the capital or money is money because it is beloved of the one basis point” (qtd. in username18333).
legendary
Activity: 2142
Merit: 1009
Newbie
August 26, 2015, 05:19:22 PM
#31
NXT is dominated by East Europeans controlled by Russian mafia...

You are welcome  Cheesy
legendary
Activity: 1588
Merit: 1000
August 26, 2015, 04:29:55 PM
#30
Which language is your second one if you don't mind to tell?

It's classified information, sorry.

#1 is almost certainly Russian...
#2 is almost certainly another Slavic language (or vice versa).

NXT is dominated by East Europeans...
For example, the Big Guy who owns 50% of the NXT assets is based in Riga, Latvia (a staunch NATO ally)...
So English would also be his 3rd language (after Latvia/Russian or Russian/Latvian depending on family).
legendary
Activity: 1008
Merit: 1002
August 26, 2015, 04:16:49 PM
#29
I've been suffering M.S. which is very destructive in my case to concentration. That greatly inhibited my ability to code at the level I did before I acquired the neurological illness. I am 5-6 days into a water fast and am experiencing the same alleviation of symptoms going down the extremeties as described by this woman:

I am genuinely sorry to hear that. Sounds like you have had a rough time of it. I like that you have kept on working through it all though, and I look forward to reading your white paper Smiley
sr. member
Activity: 420
Merit: 262
August 26, 2015, 02:57:14 PM
#28
Haha this thread is becoming more enjoyable to read.

We are going JVM. I am having a difficult time recruiting a dev who is good in networking who will work for 3 months for coins. At testnet they can get an appropriate cash remuneration if they prefer that.

If anyone is interested PM me.

As for proving designs, etc.. That is for those who are serious and capable and willing. Else wait for testnet.

I've been suffering M.S. which is very destructive in my case to concentration. That greatly inhibited my ability to code at the level I did before I acquired the neurological illness. I am 5-6 days into a water fast and am experiencing the same alleviation of symptoms going down the extremeties as described by this woman:

Self-healing in the Age of Collapsing Healthcare eugenics totalitarianism:

https://www.youtube.com/watch?v=uzWyiYUu-Dk

https://www.youtube.com/watch?v=QoDt4nX3qEg   <--- this one

https://en.wikipedia.org/wiki/Kombucha

I know it sounds kooky but the 70 - 80% of the immune system is in the disgestive system and intertwined with the microbes which outnumber the cells in the body. I have strong reasons to believe my autoimmunity began in my gut, e.g. being hospitalized in May 2012 in a near-death experience (ER then ICU) for an acute peptic ulcer that was leaking acid into my abdominal cavity causing organs to tear and potentially fail. There were numerous issues prior to that of amoebas and dysentery (even weekly!). Also the doctors messed up my antibiotic prescription so I ended up 28 days on 6000mg daily antibiotics after H.pylori diagnosis as the cause of the peptic ulcer, and then I had fungus in my colon, etc, etc, etc. After that, the M.S. went bezerk.
legendary
Activity: 2142
Merit: 1009
Newbie
August 26, 2015, 02:50:41 PM
#27
Which language is your second one if you don't mind to tell?

It's classified information, sorry.
legendary
Activity: 1260
Merit: 1000
August 26, 2015, 02:39:03 PM
#26
Anonymint is smart, but I feel his new username has somewhat of an anti-war theme to it which I find illogical.  I present to you:

Why War is good:  War, the best consensus mechanism:

https://bitcointalksearch.org/topic/why-war-is-good-1162791

legendary
Activity: 1050
Merit: 1016
August 26, 2015, 01:49:56 PM
#25
Are you so clouded by your desire to cut me down that you can't formulate in that overloaded brain of yours that I was using it as an example of misguided rationale so that I could point out how to not compare the two.
No. The problem is with deciphering your long phrases (like the quoted one). English is my 3rd language.

Which language is your second one if you don't mind to tell?

His first and second are C and Java Smiley
hero member
Activity: 763
Merit: 500
August 26, 2015, 01:38:13 PM
#24
Are you so clouded by your desire to cut me down that you can't formulate in that overloaded brain of yours that I was using it as an example of misguided rationale so that I could point out how to not compare the two.
No. The problem is with deciphering your long phrases (like the quoted one). English is my 3rd language.

Which language is your second one if you don't mind to tell?
legendary
Activity: 2142
Merit: 1009
Newbie
August 25, 2015, 06:24:16 PM
#23
Are you so clouded by your desire to cut me down that you can't formulate in that overloaded brain of yours that I was using it as an example of misguided rationale so that I could point out how to not compare the two.

No. The problem is with deciphering your long phrases (like the quoted one). English is my 3rd language.
sr. member
Activity: 420
Merit: 262
August 25, 2015, 06:20:44 PM
#22
Didn't I just write I deleted it from a rough draft  Huh Wasn't I criticizing that paper even in the text I deleted  Roll Eyes How about I delete this post and you delete yours? Deal? Or do you prefer your trolling to remain on public display. Everyone can see what you are trying to do here. Is politics all you can do?

I'm not playing politics, I'm just saying that this paper shouldn't have been included into the draft at all. There are so many shitpapers around, we shouldn't reference everything we see.

Are you so clouded by your desire to cut me down that you can't formulate in that overloaded brain of yours that I was using it as an example of misguided rationale so that I could point out how to not compare the two. If I don't point out the fallacies of prior art, then people reinvent them again.
legendary
Activity: 2142
Merit: 1009
Newbie
August 25, 2015, 06:17:16 PM
#21
Didn't I just write I deleted it from a rough draft  Huh Wasn't I criticizing that paper even in the text I deleted  Roll Eyes How about I delete this post and you delete yours? Deal? Or do you prefer your trolling to remain on public display. Everyone can see what you are trying to do here. Is politics all you can do?

I'm not playing politics, I'm just saying that this paper shouldn't have been included into the draft at all. There are so many shitpapers around, we shouldn't reference everything we see.
sr. member
Activity: 420
Merit: 262
August 25, 2015, 06:06:18 PM
#20
[Poelstra2015] Andrew Poelstra, On Stake and Consensus, 2015-03-22. https://download.wpsoftware.net/bitcoin/pos.pdf

By referencing papers of such bad quality you lower credibility of your own paper very much.

Didn't I just write I deleted it from a rough draft  Huh Wasn't I criticizing that paper even in the text I deleted  Roll Eyes How about I delete this post and you delete yours? Deal? Or do you prefer your trolling to remain on public display. Everyone can see what you are trying to do here. Is politics all you can do?

Readers judge for yourself:

Imagine this highly technical discussion comparing PoW and PoS can't happen in the Bitcoin Technical & Discussion forum, because the overlord Gregory Maxwell moves it to the Altcoin Discussion thread.

This forum is private property. Its owner and moderators have the right to do anything they wish. Is Gregory Maxwell bad because he moved your topic? I wouldn't judge without hearing his reasons.

Does the Nxt community condone your trolling? I see you were a prominent person at one time in that community. I have no fight with that community. They are working on many interesting technologies and appear to be agnostic to any particular technology as long as they get the best coded into their ecosystem.
legendary
Activity: 2142
Merit: 1009
Newbie
August 25, 2015, 06:02:52 PM
#19
[Poelstra2015] Andrew Poelstra, On Stake and Consensus, 2015-03-22. https://download.wpsoftware.net/bitcoin/pos.pdf

By referencing papers of such bad quality you lower credibility of your own paper very much.
sr. member
Activity: 420
Merit: 262
August 25, 2015, 05:42:27 PM
#18
You'll find nearly no programmers of my talent and capabilities who are willing to work with no guarantees and only $2000 monthly...

Modesty is not the strongest of your qualities as I see, hehe.

Working for $2000 a month is not modest, when in fact I earned up to a $million per year in inflation adjusted dollars in the past  Huh And I earned all my big money (which is by now expended) from self-funded startups on my own long winded sacrifices, not from fat salaries and stock options pumped up by vulture capital. I actually walked away from an $80K annual salary and $1.2 million in stock options vested in 3 years back in 1995. Inflation adjust that.

http://www.shadowstats.com/inflation_calculator?amount1=80000&y1=1995&m1=7&y2=2015&m2=7&calc=Find+Out

Quote
$80,000 July 1995
$125,000 July 2015 (liar BLS stats)
$455,000 July 2015 (Shadowstats corrected stats)


If there are any programmers who are capable and willing to take coins, they are free to message me. I haven't been able to find any. And believe me, I have tried. Rather take the prior post as an expression of frustration, consternation, and stern realization.

People who focus on ego are time wasters. I hope that isn't you (I see the "hehe"). Smiley

P.S. Something I just deleted from an earlier draft of my white paper on the consensus network because it is redundant now in the final version:

Quote from: myself
The distinguishing characteristic of the longest chain of proof-of-stake system is the closed entropy which is conceptually no more random than a preset seed in a random number generator; and not that the basis of the proof-of-stake is subjective[Poelstra2015] because proof-of-work is also based on subjective altruistic sacrifice[Buterin2015-2] as an undersupplied public good[Buterin2015-1].

[Buterin2015-1] Vitalik Buterin, Proof of Stake: How I Learned to Love Weak Subjectivity, 2014-11-25. https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/

[Buterin2015-2] Vitalik Buterin, The P + epsilon Attack, 2015-01-29. https://blog.ethereum.org/2015/01/28/p-epsilon-attack/

[Poelstra2015] Andrew Poelstra, On Stake and Consensus, 2015-03-22. https://download.wpsoftware.net/bitcoin/pos.pdf
legendary
Activity: 2142
Merit: 1009
Newbie
August 25, 2015, 05:21:32 PM
#17
You'll find nearly no programmers of my talent and capabilities who are willing to work with no guarantees and only $2000 monthly...

Modesty is not the strongest of your qualities as I see, hehe.
sr. member
Activity: 420
Merit: 262
August 25, 2015, 04:07:03 PM
#16
I am thinking the fundamental flaw in any consensus algorithm that relies on some asset, is that the economic game theory is such that the asset will concentrate towards a winner take all over time.

What if a system makes a winner to give away his "power" if he comes close to the point of no return?

That is a common argument that the society will bolt into a minority hash power (or minority stake) chain with the majority of users. However the problem with that in the context of all published designs I've seen, is that we all know well that the users tend to continue using (preoccupied, irrelevant to their priorities, etc) what they use and those tend to be controlled by the same vulture capitalists who will centralized the mining, e.g. Coinbase. Blockchain.com (see below), etc.. However you have identified conceptually what my design in effect technically accomplishes.

Do not trust any vulture capital endeavors. They are all beholden to the capitalist network that enslaves the world. That is for programmers whose priorities are to get rich on some fat compensation with stock options and not on changing the world. You'll find nearly no programmers of my talent and capabilities who are willing to work with no guarantees and only $2000 monthly (self-funded for the past 2 decades up until this month) in survival goods expenses. Believe me, I've tried to find them and failed.

Maxwell's Blockstream (whether he realizes it or not) is probably just another Hegelian dialectic gambit by the powers-that-be, where there is a good and bad car salesman (at the same dealer), so the good one looks less worse than the bad one and fools you into a horrible deal.

Traitor! We must replace this shit company. Not with politics. With superior code.

The plutocrats are pushing for their NWO electronic (digital) currency. Yet another clue of where GavinCoin is headed.

http://blog.blockchain.com/2015/08/08/bitcoin-news-for-the-week-of-8315/

Quote
Blockchain CEO Peter Smith traveled to SE Asia with British Prime Minister David Cameron and other fintech executives to speak with senior regulators, bank CEOs, and telecommunications executives about the future we are working towards as an industry. - See more at: http://blog.blockchain.com/#sthash.ggmqlh9f.dpuf


legendary
Activity: 2142
Merit: 1009
Newbie
August 25, 2015, 03:25:08 PM
#15
I am thinking the fundamental flaw in any consensus algorithm that relies on some asset, is that the economic game theory is such that the asset will concentrate towards a winner take all over time.

What if a system makes a winner to give away his "power" if he comes close to the point of no return?
sr. member
Activity: 420
Merit: 262
August 25, 2015, 11:46:59 AM
#14
So now discussion of consensus
algos other than PoW are consigned to altcoin discussion?

Actually the discussion was applicable to Bitcoin's PoW also, because the selfish mining attack means any party that controls 33% of the network hash power can in theory accumulate wealth disproportionately faster than the rest of the network thus the fundamental flaw I described in the opening post. With certain control over the network propagation the required percentage drops as low as 25%. This can be happening now, indicators might be the orphan rate and statistics of how often two block solutions broadcast within the network propagation delay.

Perhaps Maxwell doesn't like the fact that I have a solution to that problem and am going to destroy Bitcoin and his bloated $24 million dollar vulture capital morass.

Maxwell is a smart guy, but selfish, closed source assholes (censoring technical discussion is closing source) can't win against the entire community of humanity. Does he really think the community can't pool enough resources to hire mathematicians and cryptographers as smart or smarter than him  Huh He has a personality disorder (or vested interest but he didn't decide to acquire his position of overlord without the personality disorder in the first place) that I think Eric S. Raymond described well:

http://esr.ibiblio.org/?p=4901

National styles in hacking
Posted on 2013-04-11 by Eric Raymond

The German: Methodical, good at details, prone to over-engineering things, careful about tests. Territorial: as a project lead, can get mightily offended if you propose to mess with his orderly orderliness. Good at planned architecture too, but doesn’t deal with novelty well and is easily disoriented by rapidly changing requirements. Rude when cornered. Often wants to run things; just as often it’s unwise to let him.
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