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NickSzabo4's profile
Nick Szabo 🔑
Nick Szabo 🔑
Nick Szabo  🔑
@NickSzabo4

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Nick Szabo  🔑

@NickSzabo4

Blockchain, cryptocurrency, and smart contracts pioneer. (RT/Fav/Follow does not imply endorsement). Blog: http://unenumerated.blogspot.com 

Joined June 2014

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    1. Donald McIntyre  ☣️ 🗑️‏ @TokenHash Feb 20
      • Report Tweet

      After researching the issue, chatting w @LukeDashjr and touching base w @pyskell, I support both Bitcoin & ETC efforts to reduce block sizes to align chain growth w long term average bandwidth growth so chain download times do not stretch excluding users from running full nodes.

      8 replies 9 retweets 42 likes
      Show this thread
    2. Nick Szabo  🔑‏ @NickSzabo4 Feb 20
      • Report Tweet
      Replying to @TokenHash @LukeDashjr @pyskell

      Bandwidth growth is not very predictable, and demand for transactions (and thus for such bandwidth) far less still.

      4 replies 1 retweet 29 likes
    3. Luke Dashjr‏ @LukeDashjr Feb 20
      • Report Tweet
      Replying to @NickSzabo4 @TokenHash @pyskell

      Bandwidth growth may not be *precisely* predictable, but there are reasonable expectations. Demand for transactions should not be a factor in such limits at all.

      3 replies 0 retweets 9 likes
    4. Nick Szabo  🔑‏ @NickSzabo4 Feb 20
      • Report Tweet
      Replying to @LukeDashjr @TokenHash @pyskell

      Luke, what do you think of Dash's system for remunerating full nodes? This debate is consequent of a glaring (but perhaps unsolvable) imperfection where miners and exchanges earn (at 2 different levels) transaction fees but full nodes don't. Dash claims to have solved this.

      10 replies 3 retweets 25 likes
    5. Luke Dashjr‏ @LukeDashjr Feb 20
      • Report Tweet
      Replying to @NickSzabo4 @TokenHash @pyskell

      I haven't looked at Dash specifically, but it seems difficult. After all, it's not merely running full nodes that needs to happen, but using your own to verify payments to you. It's hard to prove this.

      4 replies 0 retweets 17 likes
    6. Nick Szabo  🔑‏ @NickSzabo4 Feb 20
      • Report Tweet
      Replying to @LukeDashjr @TokenHash @pyskell

      Having your own full node to verify payments received is incentive compatible *if* either you have frequent large payments incoming or you've already funded your node by other means (like Dash?), making the ability to .verify small or uncommon incoming payments icing on the cake.

      1 reply 0 retweets 7 likes
      Nick Szabo  🔑‏ @NickSzabo4 Feb 20
      • Report Tweet
      Replying to @NickSzabo4 @LukeDashjr and

      That said, I don't know how (or if) Dash solves the problem of preventing Sybil attackers from claiming to run full nodes when they really aren't. #Bitcoin #Dash

      1:40 PM - 20 Feb 2019
      • 3 Likes
      • Donald McIntyre ☣️🗑️ Kexkey Harry The Horse
      3 replies 0 retweets 3 likes
        1. This Tweet is unavailable
        2. Nick Szabo  🔑‏ @NickSzabo4 Feb 21
          • Report Tweet

          I haven't seen anybody look into this particular Dash feature in any sufficient detail though.

          1 reply 0 retweets 4 likes
        3. This Tweet is unavailable
        4. Nick Szabo  🔑‏ @NickSzabo4 Feb 21
          • Report Tweet

          No that doesn't do it.

          3 replies 0 retweets 3 likes
        5. 4 more replies
        1. New conversation
        2. Dileban‏ @dileban Feb 21
          • Report Tweet
          Replying to @NickSzabo4 @LukeDashjr and

          Dash has L-2 Master Nodes (MN), a type of full node that earns rewards. Running an MN requires 1000 Dash lockup (preventing Sybil attacks). 45% of mining rewards are allocated to the L-2 MN network. MNs enable private and instant send, and owners get to vote on proposals.

          1 reply 1 retweet 2 likes
        3. Dileban‏ @dileban Feb 21
          • Report Tweet
          Replying to @dileban @NickSzabo4 and

          Ordinary full nodes don't earn rewards. Incentive is no different to Bitcoin full nodes.

          0 replies 0 retweets 3 likes
        4. End of conversation
        1. ZeroPass‏ @zeropassio Feb 20
          • Report Tweet
          Replying to @NickSzabo4 @LukeDashjr and

          they didn't solve it. If you are looking for nodes to be paid, first is LN, and then its the @beamprivacy @grinMW dandelion; in MW supposedly nodes can take a small fee from the transaction- if they take too much of a fee, they risk miners preferring other routes who took less

          0 replies 0 retweets 1 like
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        1. New conversation
        2. aristarchus‏ @ask_aristarchus Feb 20
          • Report Tweet
          Replying to @NickSzabo4 @LukeDashjr and

          I think that @horizenglobal (a zcash fork) has partially solved this problem by asking the nodes questions about the contents of the blockchain and checking for a correct response. it is now a centralized solution but they are planning to have the nodes monitor each other soon.

          1 reply 0 retweets 0 likes
        3. Luke Dashjr‏ @LukeDashjr Feb 20
          • Report Tweet
          Replying to @ask_aristarchus @NickSzabo4 and

          What stops node X from just re-asking the same question of node Y? Also, at best this proves archive node, not full node, and certainly not usage of a full node.

          2 replies 0 retweets 1 like
        4. aristarchus‏ @ask_aristarchus Feb 20
          • Report Tweet
          Replying to @LukeDashjr @NickSzabo4 and

          I'm not sure about their exact implementation, but in principle you would do this by making the queries that the nodes send each other depend on e.g. the most recent block hash and an identifier that is unique to each node (like the address they use to receive block rewards)

          1 reply 0 retweets 1 like
        5. aristarchus‏ @ask_aristarchus Feb 20
          • Report Tweet
          Replying to @ask_aristarchus @LukeDashjr and

          so nodes are unable to predict the next question they will ask and/or receive.

          1 reply 0 retweets 0 likes
        6. Luke Dashjr‏ @LukeDashjr Feb 20
          • Report Tweet
          Replying to @ask_aristarchus @NickSzabo4 and

          Okay, but that assumes there isn't some malicious party just answering any/all questions asked... (And again, it proves the wrong thing.)

          1 reply 0 retweets 0 likes
        7. aristarchus‏ @ask_aristarchus Feb 20
          • Report Tweet
          Replying to @LukeDashjr @NickSzabo4 and

          so to prevent malicious actors you could sign each response with the private key corresponding to each node supposed to answer that specific query. what exactly do you want the full nodes to prove they are capable of?

          1 reply 0 retweets 0 likes
        8. aristarchus‏ @ask_aristarchus Feb 20
          • Report Tweet
          Replying to @ask_aristarchus @LukeDashjr and

          ah i think i now understand you are thinking of malicious actor offering to answer the question for each node and just giving them the answers...i think this is solvable too

          0 replies 0 retweets 0 likes
        9. End of conversation
        1. New conversation
        2. Luke Dashjr‏ @LukeDashjr Feb 20
          • Report Tweet
          Replying to @Brothers__Grin @NickSzabo4 and

          Centralised wallets defeat the point.

          0 replies 0 retweets 0 likes
        3. End of conversation

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