Re:Show HN: Zentrade.io – Bitcoin Prediction Markets
by brador on Friday March 07, 2014 @12:45PM
(#7361598)
What if the arbitrator is colluding with the loser?
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Re:Show HN: Zentrade.io – Bitcoin Prediction Markets
by yummyfajitas on Friday March 07, 2014 @12:56PM
(#7361675)
This problem is not solved via 2of3 transactions.
It can be partially mitigated by requiring multiple arbitrators (e.g. a 4/5 transaction with 3 hopefluly independent arbitrators).
Re:Show HN: Zentrade.io – Bitcoin Prediction Markets
by dllthomas on Sunday March 09, 2014 @11:34AM
(#7368675)
Unfortunately, there's no really good way of establishing that two pseudonyms are not held by the same person, in a decentralized system. Doubly so when legal enforcement isn't available. Of course abuse is harder the more arbitrators you incorporate, but expense and difficulty are higher as well.