209700+ entries in 0.039s
mircea_popescu: not that bitcoin doesn't centralize, a little. but this is criminal.
mircea_popescu: because it is game theoretically advantageous to have a central scheduler.
mircea_popescu: i am maybe not the first but definitely not the last to admit when satoshi did the dumb. nevertheless, here he did no such thing. there is no alternative known to literature, and you can't fault a man for not coming up with a novel star.
mircea_popescu: back at sad farm, there's really little we can do with the bitcoin as it is, other than acquiesce to the filth of human notions of time.
mircea_popescu: do not let me stand in between you and greatness. but until the day you shit out that magic, it's no magic time.
mircea_popescu: not so negotiable. anyway, you DO need the sampling, and that fucks it all up
mircea_popescu: moreover, this retarded version of farming is more like, "Farming done by bacteria colony. doubles every time there's food."
mircea_popescu: you're basically proposing we do a "your rent is a tenth of your income or more, forever. and you play the lottery daily."
mircea_popescu: the chance to die approaches infinity much before you even get a third halving
mircea_popescu: this dies, because you will find a random block which is 00000000000000000000000000000f and game over.
mircea_popescu: there is no way to distinguish between a block mined at difficulty x that came out with 9 leading zeroes and a block mined at difficulty 1 that came out randomly with that many zeroes.
mircea_popescu: didja miss the line where i said you can't have a statistical sample of one ?
mircea_popescu: anyway. the problem of time (as you rightly observe) is a larger problem than anything bitcoin solves
mircea_popescu: yes i realise. but at least these are our evil nodes rather than obama's evil nodes.
mircea_popescu: ok, how about this alternative : put a special time server on the pogo itself, have the pogo sync its time from the list of approved upstream sources.
mircea_popescu: it is not your fault, or mine, or his, that "the time" does not come engraved in the wave fucntion you know.
mircea_popescu: yes, but you didn't care much for it. usb timer dongle thinger
mircea_popescu: anyway, not that i'm saying this must be done or anything. but i do not think it'd be the end of the world if it has to be.
mircea_popescu: the only correct solution to the problems of humanity is killing all the people.
mircea_popescu: it's not that i don't appreciate your intellectual purity. it's merely that things must be made as correct as possible and no correcter than that.
mircea_popescu: so yes, the rifle regiment wouldn't survive cavalry charge from the side. alrighty then, put them on a hillltop.
mircea_popescu: ascii_field anyway, mind that pogos are not intended to be THE ONLY solution to relaying. they are just supposed to be a type of solution.
mircea_popescu: just pointing out that drums were good enough for marching and not good enough for precision bomb strike
mircea_popescu: ie, exactly like drummers (if you think about it, drummers are EXACTLY each guy pushing the other, sound has a speed, and it pushes ears)
mircea_popescu: it is a form of dead reckoning, yes. so bad in principle.
mircea_popescu: natural drift is a problem, yes, but you reset on each block.
mircea_popescu: in a year he has to replace a million btc worth of blocks.
mircea_popescu: yes. the only way this attack would work is with a major chain replacement investment.
mircea_popescu: to answer your q : hitler's block is rejected on the basis that it's too far off from the last block pogo accepted.
mircea_popescu: so, pogo has on disk last block 5, bvlock timestamp 1000
mircea_popescu: doesn't matter how old that block is. the block coming after it will be ~10 minutes later.
mircea_popescu: because when hitler block shows up, the disk has a block it ends with
mircea_popescu: jurov 5 couldn't have been that far off and be accepted from 4.
mircea_popescu: now, this theoretically is vulnerable. but practically, can you construct the attack for me ?
mircea_popescu: once it accepts a further block, it resets its clock too.
mircea_popescu: suppose it's not empty. so, pogo thinks time = last block on disk
mircea_popescu: because you mined block 5, with a bad time, someone else mines 6 with a right time, pogo is now on block 6.
mircea_popescu: this is a horribru example. so, miner has 10% of the hash, 10% of the bnlocks are badly timed. what of it, pogo resets on the remainder.
mircea_popescu: again : if you have block x, from a year ago, when you get block x+1, the styamp on block x+1 will be, 1year ago + 10 minutes