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Title: BITCOIN - THE MINER'S DILEMMA- SWIFT I NSTITUTE Post by: jrod212 on July 20, 2015, 12:58:34 AM Thought folks might want to read and share thoughts on this paper.
http://www.swiftinstitute.org/wp-content/uploads/2015/05/SIWP-No-2014-004-Btcpools_Eyal_FINAL.pdf Title: Re: BITCOIN - THE MINER'S DILEMMA- SWIFT I NSTITUTE Post by: achow101 on July 20, 2015, 03:27:25 AM I am and will continue to read this, but right off the bat, I am seeing a few issues with this paper. First, it says that partial proof of works are submitted by miners to the pool. This is incorrect. Miners submit blocks to pools that are below the pool target, which has a lower difficulty than the network. These would all be valid blocks if the network difficulty were that low. It also says that a miner which withholds blocks submits a block that the block would be rejected, which is also false. The pool would accept the block provided that it is valid.
I will read more and see what else I find. |