Nick Szabo  🔑

@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?

.@NickSzabo4 the topology of relayNet was chosen by miners @TheBlueMatt complained about that. tech is a point to point network compressor.

.@NickSzabo4 @TheBlueMatt Bitcoin is an economic incentive system, miners will do what makes profit. relayNet clearly better than SPV mining

cant unpublish relayNet & even if we could, makes Bitcoin security worse, because Miners may SPV mine instead. SPV mining caused 4 jul fork.

Bitcoin assumes a reliable broadcast channel efficient enough for negligible orphan rate from ratio of broadcast to block interval.

different channels over different physical links improve reliability of broadcast channel. reduces DoS, TCP hijack & router hack risk.

miners should also hide their broadcast network inputs, and use different block announce links, secure their routers, servers from attack.