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This is a very helpful comment, thank you! I agree that any blockchain has to be resistant to Sybil attacks. And that may be an insurmountable obstacle for my
by mac01021 5y ago
This is a very helpful comment, thank you!
I agree that any blockchain has to be resistant to Sybil attacks. And that may be an insurmountable obstacle for my idea but, so far, I haven't let that stop me from thinking about it.
There do seem to be some properties of PoW/PoS related to the level of iniquity in control of the blockchain and to their incentive structures, and I think it is worth casting a wide net in search of something better (even if it may not exist).
- meowface 5y agoI agree. I don't know nearly enough about it all to be able to think of any, as well. I just know open, decentralized, trustless, permissionless, anonymous consensus in global peer-to-peer networks is a very difficult problem that people have been wracking their brains thinking about for decades. BitTorrent, Bitcoin, and Ethereum made some of the biggest breakthroughs, there. It seems like everything might be a variation of one of two possible categories: economic game theory (Proof of Stake), or proof of committal of scarce, fungible physical resources. Everything else I can think of just seems like it'd be some form of centralization/oligarchy. But who knows? (Proof of Stake is sometimes accused of being oligarchical, too, but I think it's still kind of the lesser of all evils, probably.)
- mac01021 5y agoBitTorrent?