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Thinking about this more, I don't understand the importance of your fair-weather mining idea. If the parties collaborating on the ES attack are willing to betr
by nimble 13y ago
Thinking about this more, I don't understand the importance of your fair-weather mining idea. If the parties collaborating on the ES attack are willing to betray each other, then isn't a much simpler form of betrayal to steal the block that someone else in the group found and claim it for yourself?
Bitcoin attempts to create a protocol that doesn't require trust between parties, but needs to robust against large groups (e.g. blocks of Chinese) who trust each other. So I don't think it's ironic that the ES attack is not incentive compatible, nor do I think it's really a flaw.
- nullc 13y agoYou cannot "steal the block". You must commit to the full solution (including who it pays) before testing it. The reason this doesn't prevent defection is that while you can produce a provable commitment that you're mining with the ES miners in one moment, all other moments you can be defecting and sharing the ES state with your friends.