mattwilsonn888

7 ms·

31.
by mattwilsonn888 1y ago
You should appreciate that the trust assumptions in your example have been minimized to a point not before possible for digital transactions; in principle removing all possible third-party interference in remote transactions. If you're
32.
by mattwilsonn888 1y ago
If you cannot describe a way to update a spread sheet with equal security as scaled PoW then your premise that it 'wastes' energy is unfounded.
33.
by mattwilsonn888 1y ago
Using Joplin right now. I wouldn't say I'm blown away by it, but it fits some simple needs for a digital notebook: * Markdown and LaTeX working stably out of the box. * Side-by-side view. * (Isolated) File and folder browser in th
34.
by mattwilsonn888 2y ago
The problem is not solved by having excellent support for interoperability between chains. The security of any bridge interaction between chains is no better than the weaker chain. And the security of two chains does not add up, in fact, th
35.
by mattwilsonn888 2y ago
Adding on to this: If Bitcoin scalability is the problem Lightning Solves, then it almost tautologically fails when you realize that entering into a Lightning Channel requires a base Bitcoin transaction. If every person on Earth tried to ta
36.
Mainstream Web3 UX – Saito(saito.io)
3 points by mattwilsonn888 2y ago|1 comments
37.
by mattwilsonn888 2y ago
It's only when you use Saito that you realize something is wrong with the rest of Web3. If you're reading this on Saito, you already have a key-pair, wallet and lite-node running in the background. There is no Web3 experience in
38.
by mattwilsonn888 2y ago
Competition zozzled successfully.
39.
Don't Trust Us; One-Click P2P Encrypted Chat and Video Call on Saito(saito.tech)
10 points by mattwilsonn888 2y ago|3 comments
40.
by mattwilsonn888 3y ago
Decentralization is about enabling builders - users get the indirect benefits which follow. What you have done is justified 'everything under the sun' so long as it technically operates in a free market. But the ability for users
41.
Ask HN: Looking for a Show HN about a Document Editor
1 points by mattwilsonn888 3y ago|2 comments
42.
by mattwilsonn888 3y ago
You can have gradations of control. USDT and USDC are centrally managed. We used to have DAI, which was fully decentralized and over-collatoralized by Ethereum tokens (the native currency of the platform DAI is rooted on) - but the founder
43.
by mattwilsonn888 3y ago
As trevelyan stated, and for clarification: the protocol described in the OP is not PoS. I think that was assumed, but maybe not clear.
44.
by mattwilsonn888 3y ago
The point of describing such a scheme is that it covers the hole you think you found. You complain "the article doesn't solve this problem," "your scheme doesn't this problem-" okay, well they each solve one of
45.
by mattwilsonn888 3y ago
I'm not personally attacking you by stating my disappointment in you continuing the same argument in two different threads. I will, again, reiterate that a Sybil attack is about power, not about convincing people you hold multiple iden
46.
by mattwilsonn888 3y ago
Well I hoped you wouldn't continue in this thread because I laid out a secure interactive proof scheme that DOES offer statistical proof that a node behaves and performs well, and that it is not likely a Sybil. If you are that concerne
47.
by mattwilsonn888 3y ago
The scheme above handles the case where nodes pose as many in order to extract more fees and reduce their competition, but now it seems like you are thinking about absolute censorship. Otherwise, if there are no extra hops, then what is th
48.
by mattwilsonn888 3y ago
I ultimately agree - I'll play Devil's advocate a bit: Such an attack is referred to as a "long range attack" and is 'solved' by 'finality' in Ethereum, the largest running PoS network. Finality basic
49.
by mattwilsonn888 3y ago
Addressed this in our other thread. Short answer is that as such activity continues the incentives to compete by behaving less duplicitously also increase - that may mean unorthodox means of finding those users in extreme attack scenarios l
50.
by mattwilsonn888 3y ago
Sure, but unless the 1000 nodes the attacker owns do something useful for actually routing data, you only need to route to one non-censorious node with the same capabilities who, despite being only one node, will have the greater ability to
51.
by mattwilsonn888 3y ago
Yes, but take this to the extreme and you have nodes who do not wish to censor literally fighting to get to censored, paying users. The more the censored transactions build up, the easier it is for any honest node to swoop in, outpace the a
52.
by mattwilsonn888 3y ago
Right - and this gets to perhaps the stickiest point on this: is a node a Sybil if they are the most efficient route into the network? If a single node can make all the blocks, they still only hurt themselves by adding hops (reducing block
53.
by mattwilsonn888 3y ago
I'd argue that most PoS networks are not fundamentally different from the consensus algorithms before Bitcoin - the difference is they include a token as an entry point into authority, and that getting caught attacking will demerit t
54.
by mattwilsonn888 3y ago
Could you explain a bit more how your example of 'a single actor minimizing hops' creates an effective Sybil attack? If I understand, you mean to describe a node which is not adding unnecessary hops but is itself posing as unique
55.
by mattwilsonn888 3y ago
The short answer is that it keeps the system fully 'trust-free' (permisionless), and that it, in the same way Bitcoin incentivizes hashing random numbers, incentivizes routing nodes to form efficient networks (networks which race
56.
Removing Sybils from an Open Network(wiki.saito.io)
43 points by mattwilsonn888 3y ago|54 comments
57.
by mattwilsonn888 3y ago
> A blockchain doesn't have to allow anyone to participate. A blockchain with authoritative access has marginal use: it can reduce trust (but not realistically defend against economic attacks) - it certainly pales in comparison to t
58.
by mattwilsonn888 3y ago
The market place has placed 1.2 trillion dollars of investment into distributed ledger technology, and we're in a recession - if that's the metric you want to use. Frankly I find such a retreat in reasoning extremely reductionist
59.
by mattwilsonn888 3y ago
"So we agree that without wheels, a car is useless?" No, not really. A blockchain without a native currency is imparted no special economic security i.e. insurmountable costs to rewrite data. If you want a system that allows anyon
60.
by mattwilsonn888 3y ago
Maybe I wasn't clear - my OP argues strictly in alignment with your response here.

More ›