Viewing profile — wildbunny

You don't need to 'claim' anything. It's written into the rules of the blockchain. You cannot change the rules like that and expect to have your blocks appended to the canonical ch…

I suppose you might argue that the amiga paved the way for the architecture of the PS2 - the copper chip ran a rudimentary display list, the blitter hardware accelerated graphics o…

The GS (graphics chip) in the PS2 had a great hardware bug whereby if you turned off the z-test, it would never come back on again. You had to change the z mode to always pass to g…

It's gone down

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Some more discussion on the topic over here: https://bitcointalk.org/index.php?topic=4459113.0

Agree completely. Nice paper, utterly useless in practice due to sybil attack. edit: not only that, but it will be vulnerable to all kinds of history attacks for bootstrapping node…

Can't read it due to their pay-wall, anyone post the copy?

It requires a majority of trustworthy nodes to be online - it cannot deal with a force majeure, such as a massive power cut.

Sorry, no it is not. There is no nash equilibrium in PoS at all. The only thing preventing it from collapsing completely is hidden centralisation in all the PoS protocols.

Not to mention that the central consensus mechanism is completely broken. You cannot have a trustless consensus without a mining incentive: Quoted from my post linked below: o) Net…

Isn't stellar's consensus still the 'consensus' of one node owned by the company due to the fact that the design is totally broken?

I found that proof of burn actually was exactly equivalent to proof of stake in terms of overall security. I.e. not good enough.

I did a bunch of analysis on proof of burn, and came to the conclusion that it cannot work in practice because it relies on transactions in order to burn, which themselves are subj…

The easy way to express this is: cryptocurrencies are true, digital cash

Very narrow minded. Tens of thousands of games rely on flash, along with many movies and general history of the internet. Open souring it will preserve countless hours of lost work…

Bitcoin hasn't solved the scaling problem. All these BIPs are just short term fixes which don't address the core problem. I opened a discussion thread on bitcointalk hoping to catc…

It has no countermeasures for Sybil attack. Therefore, the only trusted nodes in the Ripple network are owned by Ripple labs, making the entire currency much more like Visa than a …

That's fair enough.

You are correct. However, this field is so new and so potentially disruptive that there are a lot of so called 'blockchain developers' inventing new cryptocurrecies which are unwor…

Indeed. But there is a lot of talk about bitcoin and blockchain in general lately, and a lot of existing cryptocurrencies which are unworkable, created by people who want to get ri…

When you're talking about people's money, just following tutorials and piecing something together does not cut it.

In a p2p environment, timestamps are totally useless at proving when I sent you bitcoins. However, when I sent you bitcoins is fundamentally important when it comes to ordering tra…

Again, that's how it works, but not why it works. It bitcoin it is used as an unforgeable proxy for elapsed time.

This worries me. Bitcoin solved the double spend problem by using the LCR with PoW. That is the novel aspect which allowed cryptocurrencies to come into existence. If you remove th…