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Even with Byteball the witnesses cant steal funds or generate new ones without the other full nodes noticing and rejecting the same way as other bitcoin full no
by antocv 9y ago
Even with Byteball the witnesses cant steal funds or generate new ones without the other full nodes noticing and rejecting the same way as other bitcoin full nodes can reject if a miner generates a 10000 coinbase reward to itself.
- runeks 9y agoI don’t understand. If nodes do not accept whatever the witnesses say is the true transaction history, why are the witnesses needed in the first place? I know that it’s not possible for a witness to fake some users signature, and send these funds to themselves, but that’s not the attack we need to worry about. The attack we need to worry about is witnesses colluding to present a false history of transactions, such that the user’s funds (that the miners want) were never sent to that user in the first place, thus remaining the property of the coinbase owner. Since all coins originate as a coinbase, if witnesses go far enough back in time, all coins are theirs.