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authorPeter Todd <pete@petertodd.org>2013-05-15 07:19:06 -0400
committerbitcoindev <bitcoindev@gnusha.org>2013-05-15 11:19:28 +0000
commit0282f4086626b0241e7bae53127b2b8152eba349 (patch)
tree31febdda7617c2f91b69b786d1f9a2cd5bc88f10
parent83eb22a1a46ac8a04a8bbf9a9a6ce43b5221d4ed (diff)
downloadpi-bitcoindev-0282f4086626b0241e7bae53127b2b8152eba349.tar.gz
pi-bitcoindev-0282f4086626b0241e7bae53127b2b8152eba349.zip
Re: [Bitcoin-development] blind symmetric commitment for stronger byzantine voting resilience (Re: bitcoin taint & unilateral revocability)
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+Date: Wed, 15 May 2013 07:19:06 -0400
+From: Peter Todd <pete@petertodd.org>
+To: Adam Back <adam@cypherspace.org>
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+Cc: Bitcoin-Dev <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] blind symmetric commitment for stronger
+ byzantine voting resilience (Re: bitcoin taint & unilateral revocability)
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+On Wed, May 15, 2013 at 12:25:09PM +0200, Adam Back wrote:
+
+Protocols aren't set in stone - any attacker that controls enough
+hashing power to pose a 51% attack can simply demand that you use a
+Bitcoin client modified to provide the attack with the full transactions
+=66rom the beginning. Any blocks containing transactions with unknown
+contents will be attacked into oblivion.
+
+On the other hand if the "attacker" has less than 50% of the hashing
+power, they have no choice but to let other blocks through, and provided
+miners are free from regulation imposed on them you can bid to get your
+transactions mined with fees. Anyone using a blockchain-based
+crypto-currency simply has to accept that mining is a random process and
+getting a transaction confirmed is inherently unreliable.
+
+> So in a previous mail I described a simple, extremely efficient and easy =
+to
+> implement symmetric key commitment that is unlinkable until reveal time (=
+at
+> bottom). I think this can help improve the byzantine generals problem, t=
+hat
+> bitcoin only defends to simple majority (with one vote per CPU power), and
+> so assumes most nodes by cpu power are honest. With this simple protocol
+> change you dont need any honest nodes, just some honest clients to spend =
+to,
+> to have your transaction accepted. =20
+
+--=20
+'peter'[:-1]@petertodd.org
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