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c4chaos's profile
~C4Chaos
~C4Chaos
~C4Chaos
@c4chaos

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~C4Chaos

@c4chaos

the man, the mortal, the hero, to zero.... (hyper)streaming with passion and compassion... #cryptotrifecta #HODLandChill #hardcoredharma $TSLA

everywhere and nowhere
c4chaos.com
Joined January 2007

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    1. Eric Wall‏ @ercwl Mar 4

      9/ What you'll immediately come to realize when building that type of solution is that if you're using a predetermined order for the consensus round, the whole system will freeze up if one of the validating nodes gets unplugged. So you'll have to come up with a solution for that.

      5 replies 28 retweets 214 likes
      Show this thread
    2. Eric Wall‏ @ercwl Mar 4

      10/ An ultra-simple solution is to just abandon the round-robin part of the design and instead go for a threshold scheme where the validators' signatures are broadcast and just needs to be tallied up to a certain threshold, instead of waiting for specific "turns" in the rounds.

      5 replies 27 retweets 196 likes
      Show this thread
    3. Eric Wall‏ @ercwl Mar 4

      11/ I want to say this in the least pompous way possible, but this was something that I was able to figure out as a CS student with no previous experience designing consensus algorithms. Yet yesterday, the whole NEO blockchain failed because they had not thought about this issue!pic.twitter.com/cHFJnUDLeB

      22 replies 161 retweets 728 likes
      Show this thread
    4. Eric Wall‏ @ercwl Mar 4

      12/ The Discord message above was written by Malcolm Lerider, who's the Senior R&D Manager for NEO. How can a node failure of the most simplistic type possible (network loss) be referred to as an "edge case" scenario, in a supposed Byzantine fault tolerant consensus system?!

      8 replies 69 retweets 597 likes
      Show this thread
    5. Eric Wall‏ @ercwl Mar 4

      13/ I'll reiterate my point: A *Byzantine* *fault* *tolerant* consenus system's whole purpose is to be designed to handle ANY error or malicious behaviour from a subset of the nodes and still reach consensus. In NEO, their system couldn't handle the most simple error of one node.

      5 replies 78 retweets 469 likes
      Show this thread
    6. Eric Wall‏ @ercwl Mar 4

      14/ This means that NEO is not a *Byzantine fault tolerant* consensus system. NEO is not even a *fault tolerant* consensus system.

      7 replies 87 retweets 464 likes
      Show this thread
    7. Eric Wall‏ @ercwl Mar 4

      15/ This happened on the live NEO mainnet, a cryptocurrency valued $7.8 billion. Without exaggeration, this is the most blatant display of sheer incompetence I've ever seen from a project in this space. No project with *any* form of code review would have allowed this to happen.

      38 replies 126 retweets 777 likes
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    8. Eric Wall‏ @ercwl Mar 4

      16/ Thankfully, there only appears to be 23 deployed smart contracts in total on the NEO blockchain, so no one is really using this crap atm. Let's hope it stays that way (and reading this thread, with $35260 in fees to deploy a contract I suspect it will https://www.reddit.com/r/NEO/comments/7qkaz4/how_mature_are_neos_smart_contracts_for_a_real/ …)

      132 replies 98 retweets 701 likes
      Show this thread
    9. #BrotoshiMoku [TA Truther]‏ @CarpeNoctom Mar 4
      Replying to @ercwl

      would to hear ur thoughts on $ADA and $IOTA in blog form on Medium or another site #WeNeedYou #TheyNeedYou

      1 reply 2 retweets 26 likes
    10. Eric Wall‏ @ercwl Mar 4
      Replying to @CarpeNoctom

      https://medium.com/@ercwl/iota-is-centralized-6289246e7b4d …

      6 replies 21 retweets 89 likes
      ~C4Chaos‏ @c4chaos Mar 4
      Replying to @ercwl @CarpeNoctom

      ~C4Chaos Retweeted Daniel Larimer

      $EOShttps://twitter.com/bytemaster7/status/966882352994516992?s=20 …

      ~C4Chaos added,

      Daniel Larimer @bytemaster7
      Replying to @laurashin
      What if I told you that there is no definition of decentralization. That everything has a price and that decentralization isn’t an end but a means? What if we let the blind pursuit of a means sacrifice the end?
      4:59 PM - 4 Mar 2018
      0 replies 0 retweets 0 likes

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