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> It seems as the node transaction weights grow, the double spend problem is solved (transaction nodes gain weight as others confirm). Arguably you could have b
by runeks 9y ago
> It seems as the node transaction weights grow, the double spend problem is solved (transaction nodes gain weight as others confirm). Arguably you could have bad actors confirming transactions but that is why the coordinator exists until there are enough transactions happening where a coordinated double-spend attack is not feasible.
What is the fundamental assumption that makes the paper assert that this problem will be solved in the future?
Is the assumption that hashing power will be spread more evenly among nodes? And, if so, what is the basis for assuming this? It's certainly not what we see with Bitcoin.
Is the case that the IOTA security model breaks down if hashing power is unevenly distributed?