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> I can stake coins, unstake them, and then spend the coins. Now I've got a free license to mine blocks without risk of slashing Except you won't because you'l

> I can stake coins, unstake them, and then spend the coins. Now I've got a free license to mine blocks without risk of slashing Except you won't because you'll have to wait so long to be able to use the old coins that you'll miss the window of opportunity. Also, it doesn't matter because you need > 50% of the actively minting coins in order to succeed anyway. And if you had that, you don't need to worry about being slashed at all.

kerkeslager 5y ago
> Except you won't because you'll have to wait so long to be able to use the old coins that you'll miss the window of opportunity. What "window of opportunity"? Ostensibly these coins will remain valuable far into the future, and therefore the ability to spend them twice will also remain valuable. > Also, it doesn't matter because you need > 50% of the actively minting coins in order to succeed anyway. If you have the ability to mint blocks, you can use include signed transactions from the real chain to unstake and build majority on nodes you control. I would discourage you from responding on this topic until you've read the first paper I linked, as you have not said anything that wasn't addressed in that paper.
- billytetrud 5y ago
  > What "window of opportunity"? The window of opportunity to use your old keys (with old coins) to create a malicious chain. > If you have the ability to mint blocks, you can use include signed transactions from the real chain to unstake and build majority on nodes you control. If the attacker is building their own chain, no one else will be building on top of it. Anyone will see that the chain has very few coins actively minting and will be immediately suspect, even if they're eclipsed. If they're not eclipsed, they'll go with the honest chain, which would be clearly longer unless this was a 51% attack situation. >I would discourage you from responding on this topic If you're going to be rude, I'm just going to ignore you. Its pretty insulting to tell me that. I've written two different consensus protocols, and analysed the security properties of many more. I very much doubt you've put anywhere near as much work into understanding the attacks and solutions around consensus protocols. So please don't be pompous.

kerkeslager 5y ago

> Except you won't because you'll have to wait so long to be able to use the old coins that you'll miss the window of opportunity. What "window of opportunity"? Ostensibly these coins will remain valuable far into the future, and therefore the ability to spend them twice will also remain valuable. > Also, it doesn't matter because you need > 50% of the actively minting coins in order to succeed anyway. If you have the ability to mint blocks, you can use include signed transactions from the real chain to unstake and build majority on nodes you control. I would discourage you from responding on this topic until you've read the first paper I linked, as you have not said anything that wasn't addressed in that paper.

billytetrud 5y ago
> What "window of opportunity"? The window of opportunity to use your old keys (with old coins) to create a malicious chain. > If you have the ability to mint blocks, you can use include signed transactions from the real chain to unstake and build majority on nodes you control. If the attacker is building their own chain, no one else will be building on top of it. Anyone will see that the chain has very few coins actively minting and will be immediately suspect, even if they're eclipsed. If they're not eclipsed, they'll go with the honest chain, which would be clearly longer unless this was a 51% attack situation. >I would discourage you from responding on this topic If you're going to be rude, I'm just going to ignore you. Its pretty insulting to tell me that. I've written two different consensus protocols, and analysed the security properties of many more. I very much doubt you've put anywhere near as much work into understanding the attacks and solutions around consensus protocols. So please don't be pompous.