because i came to the realization only an hour ago

It seemed to make sense from my limited understanding and lack of awareness in the specific algorithms for proof of stake


currently looking at the source code, its likely i was wrong

if only it wasn't such a disorganized mess i could of avoided this embarrassment

wrong, you generate a PoS block as soon as you hit 20 days condition, the only limiting factor is whether your block is accepted quick enough to not become an orphan, in which case your wallet would try again

reduce weight of PoS blocks in difficulty calculation
set valid PoS block condition to use coin-days and not coin age, difference being coin-days is ammount of coins * coin age

i am not interested in doing an attack, but you should be worried that it is doable.
go over the logic


THIS IS FIXABLE, BUT REQUIRES A HARD FORK

wrong, only the calculation for how much coins you generate uses coin-days
valid block generation only uses coin age

are people really not concerned about this?


YOU CAN 51% ATTACK ANY POS COIN WITHOUT THE NEED FOR 51% OF SUPPLY OR ANY PoW HASHRATE AT ALL

you can generate as many TXO as you want right? (granted its valid TXO and they are propagated and mined by the network, meaning it might cost the minimum transaction fee per TXO)
PoS blocks are generated after a TXO has matured 20 days right?
SO YOU DONT NEED 51% of SUPPLY TO DO 51% PoS block attack, infact you dont need any PoW at all to attack a PoS coin
difficulty would rise to an unminable point


i may be wrong

i have discovered a flaw with current PoS implementation

you can easily do a 51% attack with PoS blocks without needing large holdings

since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period

so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes

enough to put the security and function of a coin in question



couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks

because no one has thought of it or tried to do it.
but the fact is the logic stands for someone to be able to do it, the cost is the minimum transaction size * how long you want to maintain the attack


couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks

i may be wrong

since PoS blocks are generated based on TXO age, wouldn't it be possible to generate a bunch of small TXO with slight time offset and cause a 51% attack?

i expected PoS blocks to use coinage to determine when to generate a valid PoS block, but it seems that is not the case, since 1000000 ZEIT would achieve 20 coin-days in 34 seconds if it were the case

couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks


im sorry but im bailing for now, i cannot take the risk of a public panic reducing my value to 0
this can be fixed, but it will require a hard fork

I still have hope for this coin and what it represents, we need better organization and more involvement to really go forward tho.



i may be wrong

seriously, care to skim over previous posts?

PoS blocks are part of difficulty calculation

network hashrate shown is calculated from difficulty

not only are we going to finish PoW a week early, we are not gona generate anywhere near the expected amount during our last week since PoS blocks are causing difficulty to spike

i think i can guarantee we will have less then 28billion ZEIT by end of PoW

too generic, looks like a shitcoin

look at your incoming transactions and outgoing transactions

match the outgoing ones to the earliest incoming transactions, those left unconsumed are the ones you will see PoS soonest from.

ex: ordered by least recent to most recent

in 11111
in 22222
in 5000000
in 300000
out 25000
in 666666

the out transaction would consume the 2nd and 1st TXO
the wallet tries to make the smallest possible transactions in size, so the least possible inputs will be included
but it also prioritizes base on FIFO

dont forget that PoS blocks are included in difficulty calculation, network hashrate is actually inferred from difficulty, not he other way around.


might be allot of wallets generating PoS blocks right now

I didn't realize they replaced the wallet file on the site

i will try contacting the dev

Z-28

il be on this when morning comes, i think we can blast through that 3 satoshi wall no problem

especially if we are 300, THIS IS ZEITCOIN!

firewall, router nat (dont forward to the rpc port)

or just make sure to set ipallow to only local or router ip's

but most of all, make sure you rpc password cannot be bruteforced or guessed