Transaction fee market without block size limit would lead to too low a level of security for Bitcoin: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2400519 …
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@TheBlueMatt@adam3us@jony_levin Matt instead of hand-waving and saying "trust me" why don't you actually publish a security analysis.
@TheBlueMatt @adam3us @jony_levin Said analysis should crucially include what attacker controlling your nodes + some mining power can do.
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@NickSzabo4@adam3us@jony_levin Its a backup...someone who controls the nodes can do no worse than all clients using the P2P network -
@TheBlueMatt@adam3us@jony_levin That makes no sense. Write the paper. -
@NickSzabo4@TheBlueMatt@adam3us@jony_levin Confused. Did I miss the req where you're not allowed to build something w/o writing a paper? -
@starkness@TheBlueMatt@adam3us@jony_levin You shouldn't expect folks to be convinced it's secure if you haven't written paper showing so. -
@starkness@TheBlueMatt@adam3us@jony_levin It's called computer science. -
@starkness@TheBlueMatt@adam3us@jony_levin This all besides the fact that this network has blatant single points of attack/failure. -
@starkness@TheBlueMatt@adam3us@jony_levin Is TTP awful only if we are trusting Mike instead of Matt? Is that really your story? -
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@NickSzabo4 the topology of relayNet was chosen by miners@TheBlueMatt complained about that. tech is a point to point network compressor. - 8 more replies
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