DAGs are technologically superior to #blockchain. but if you don't like $IOTA there's @radixdlt for yah!
https://twitter.com/radixdlt/status/912327457876955136 …
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Replying to @BoringJedi @c4chaos
DAGs can horizontally scale just fine, but there isn't a way to 100% prevent double spends when they do. All nodes still need all events
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Replying to @radixdlt @BoringJedi
so all nodes have to store the entire tx history? but that’s the purpose of permanodes, right? lighter nodes just need recent snapshots.
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Replying to @c4chaos @BoringJedi
Right. But then you have to trust those making the snapshots. Over time it becomes more centralised and...well...that's bad right?
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Replying to @radixdlt @BoringJedi
it’s definitely a problem that needs to be solved by any crypto project that scales. but blockchain centralization (i.e. mining) is worse.
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Replying to @c4chaos @BoringJedi
I don't think anything could get worse than mining centralisation
but any resourced based consensus runs the risk of being as bad.1 reply 1 retweet 2 likes
and for what it’s worth, isn’t there an app for double spending Bitcoin
https://www.glasshunt.co/exploits/bitcoin-double-spend/ …
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Replying to @c4chaos @BoringJedi
Not surprised! If you are able to convince someone to accept 0-conf, perhaps a newbie, win! Rapid confirmation (< 10s) is only solution.
0 replies 1 retweet 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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