I have good hopes that #Tezos could adopt this approach and transform its delegates into notaries some time after its launch later this year. @ArthurB
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Interesting but questions remain concerning the notary bond system. A successful notary will always have transactions in its system. Is the bond's size/duration related to the transactions the notary has to manage? By what metric? Solvency ratios jump to mind.
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A good policy is to trust a notary's underwritings up to half the bond he posted. So a notary with a $2M bond can probably be trusted for up to $1M in transactions not yet confirmed by the consensus. And this information is verifiable shared knowledge.
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How does this manage a situation where doubt is unjustly cast on the centralized notaries and decentralized consensus must be used to verify tx so often that it becomes a denial of service, i.e. the centralized notaries are not a speed improvement over decentralized consensus?
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You don't need the Consensus to verify, only to resolve disputes by seeing which transaction or denunciation made it to the Consensus first, and therefore who gets funds in case of double-spend.
End of conversation
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