The #OmniLedger paper makes me shake my head: the authors have no clue what security is. If your security depends on attackers controlling fewer than 25% nodes (or even 95%, even with some PoW requirements), you've never heard of botnets.
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Techniques that are totally overkill an inefficient where trust is established, and wholly ineffective and irrelevant where the purpose is precisely to create trust that is a priori absent. The problem is not that the authors are idiots, but meta-idiots. Blinded by ideology.
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Most people assume the comfort of an environment they can trust, then based on those assumptions fancy redesigns of the infrastructure that sustains this environment. In software as in politics, this attitude only leads to absurd designs that cause great suffering if implemented.
4:10 AM - 6 Jan 2018
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