Re:CryptoKitties craze slows down transactions on Ethereum
by rspeer on Wednesday December 06, 2017 @02:50AM
(#15859322)
Bitcoin is not the first solution to Byzantine fault tolerance. It's not the best solution either.
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Re:CryptoKitties craze slows down transactions on Ethereum
by ric2b on Wednesday December 06, 2017 @10:27AM
(#15861744)
But it's the first one that's resistant to Sybil attacks without requiring centralization, is it not?
Re:CryptoKitties craze slows down transactions on Ethereum
by rspeer on Wednesday December 06, 2017 @11:07PM
(#15867561)
Okay, that is true. I am just not satisfied with proof-of-work as a solution there. It makes Sybil attacks unreasonably expensive, by making the entire operation of the chain even more unreasonably expensive.
I do like the math behind Bitcoin but I wish it had just remained as a proof of concept.