Re:Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
by MadSudaca on Friday December 22, 2017 @06:20AM
(#15986694)
Yup, the protocol isn't battle tested. Some stress tests have been performed, but that's nothing compared to actual real-world use. As in any experimental technology there are several premises that are assumed, hopefully, with good reason, and if any of these fail it might be fatal. For raiblocks, it might be vulnerable to certain types of sophisticated attacks (check the paper for more info), and more info must be gathered. Also, the cryptocurrency isn't anonymous, packets are sent unencrypted via UDP.
> Raiblocks could be a good alternative to cash, or at least help some of the most technically savvy people.
Do you see any downsides? The only technical one I'm seeing is that the protocol isn't battle tested (e.g. can it cope with being spammed like crazy given it has zero fees?).