Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 1360. (Read 1484240 times)

A peer review is always suspect no matter what the reputation of the reviewer is.  In the crypto world every one has an agenda.  Kickbacks and payoffs are part of any industry, and crypto is probably much worse.

Maybe in time, after there was time to build a solid base, name & related infrastructure.
I would already be really happy with a serious peer review. If someone with the reputation of Gmaxwell says it is good, who needs open source?

But the code is owned by ATC, only he can decide.

No Offence, but who the FK is ATC???

No Offence, but who the FK is ATC???

I'm starting to think that a way to get a beat on other coins would be to make the code open source.  Does cloning really have a negative impact on the coin being cloned?  Look at Litecoin for example. There's nothing innovative about it and it's cloned all the time, yet it's still the number 2 coin.

Cloning won't work right now anyway because it's constantly being updated and improved.

I'm starting to think that a way to get a beat on other coins would be to make the code open source.  Does cloning really have a negative impact on the coin being cloned?  Look at Litecoin for example. There's nothing innovative about it and it's cloned all the time, yet it's still the number 2 coin.

Cloning won't work right now anyway because it's constantly being updated and improved.  I think the market is loyal to the innovator and not the clones. 

Just  my 2 XC.

By the way, my wallet gave me steaks last night.

ATCsecure shall we discuss how Gmaxwell's post might apply to XC? I imagine it'd be a matter of whether the multi-path paradigm can be implemented without a dynamic trust system, while still preserving XC's ability to avoid blockchain bloat.

Multi-path has incredible possibilities; how about removing/reducing the need for trust with the following (which in all likelihood you've thought of already):

- your specification includes that each xnode only passes on fragments of transactions; this means each fragment will be a small (non-risky) amount.

- what if xnodes have to compete to relay a given fragment? This builds in redundancy, so that if one node attempts to steal the fragment, the others will pass it on. The fastest node gets the transaction fee.

- what if xnodes also can only pass on a single fragment at a time? This way a node would only ever have one fragment, and therefore could never amass enough money for it to be worth stealing.

- Xnodes would then compete for transaction fees by processing transactions faster than other nodes. This way the network would organically improve its capacity.

- At some cost to network speed, the protocol could also set a maximum fragment size to ensure the incentive to become a bad actor is always low regardless of the size of a given payment.


The effect of the above is that xnodes have two options:
- steal a fragment and (a) derive minimal reward, and (b) get booted off the network via the trust system
- or pass on (a) as many fragments as possible in the shortest time and (b) get multiple tiny rewards.
The second of these is prima facie preferable.


However this idea would still be vulnerable to the following attack:
- set up thousands of xnodes
- find a way to steal fragments (I understand this is only a speculative possibility and that there'll be a way of making this exceedingly difficult... however I can't think further about this without more information)
- steal thousands of fragments, delete nodes, create new ones, build up trust, steal more fragments.

I'm unsure whether this attack will be more profitable than just being an honest node; its feasibility will come down to the details. And, fortunately, you decide what the details are.

The security of the network could well depend on this balance of incentives, which is ok I suppose, but its precariousness is analogous to that of mining competition in bitcoin. A systemic solution to the problem would be preferable.

Any suggestions?



Edit: Gmaxwell's post is here: https://bitcointalk.org/index.php?topic=641178.40

there is no such thing as chart in altcoins, pink or otc. heck even bitcoin itself don't need any chart. if the wind bring you fresh flower scent then it is a good day or if the wind bring those smelly farts then you screw. you need to know how to read the wind my friend, not chart.