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Author Topic: The Ethereum Paradox  (Read 84902 times)
Traxo
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May 26, 2018, 08:52:11 AM
 #1161


Ethereum's Casper shit is more of the same proof-of-stake (nothing-at-stake or centralization by economic weight, e.g. DPoS) nonsense. The betting stuff enables what Vitalik refers to as "dark uncles" or "dunkles", which Vitalik incorrectly thinks will solve the nothing-at-stake problem. Also Casper has the problem that all deterministic finality PoS and Byzatine agreement systems have, which is a 33% liveness threshold which if that many validators balk or stop processing, then the chain can't move forward without a hard fork.

Major casper issues have already been solved, i think you're stuck with 2015 infos about casper. https://medium.com/@VitalikButerin/minimal-slashing-conditions-20f0b500fc6c
https://github.com/ethereum/research/blob/master/casper4/simple_casper.v.py
https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

Also casper does not assume rational attackers, so if a 51% attack happens in POS, at curent prices, the attackers would have to burn 100-500mil $. In which case they would rather do it now than later because it would cost them 10 times less. With ~30$ mil you can even attack bitcoin.


@anonymint tells me in private chat that Vitalik hasn’t solved anything. Here are some of his initial thoughts:

https://medium.com/@shelby_78386/i-dont-see-how-it-s-plausible-for-parallel-forks-of-the-hash-chain-to-be-finalized-concurrently-cb57afe9dd0a
https://medium.com/@shelby_78386/first-apparently-youre-not-aware-that-the-casper-slasher-design-work-appears-to-be-fundamentally-c2a72d18f5fa
https://medium.com/@shelby_78386/the-caveat-though-is-that-when-the-attacker-can-fork-the-vested-interests-of-some-of-the-users-9340dd037a61
https://medium.com/@shelby_78386/ftfy-for-the-both-to-be-finalized-then-at-least-%E2%85%94-of-the-validator-set-of-the-parent-block-must-6da5da9197cc
https://medium.com/@shelby_78386/my-analysis-of-vitaliks-logic-doesn-t-allow-for-new-stakers-to-restart-the-stalled-chain-91016ee63587

And he says a new blog is coming that will detail many more flaws in the plans for sharding in Ethereum.

I have news for you folks. Vitalik Buterin is not a human being. He is an alien from a galaxy on the other side of the universe. He came here through a portal to save our world.

Again from @anonymint:
"After reviewing the above links, I think you will be sad to learn that Vitalik is human, fallible, and apparently quite inept at designing a new blockchain consensus algorithm."


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May 26, 2018, 08:52:33 AM
 #1162

Wow, what a find. And this thread was made almost around the time I first started learning about Ethereum.

The ending point is the chief point of all my arguments against Ethereum as well. Yes, I have learnt to respect it. Yes, I have even bought a little to add to my "holdings". Yes, I can even marvel at some of the achievements.

But I cannot forget that every time I consider it long term, I ask myself: can I trust that Vitalik is smarter than Satoshi? Or. Can I trust Vitalik?

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May 26, 2018, 08:55:55 AM
 #1163

Although Ethereum has a great dependence! But now that more and more projects are being added to the token market, their demand for Ethereum is very large unless one day a new team replaces it!

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May 27, 2018, 07:47:24 PM
 #1164


@anonymint informed me that he added a very significant EDIT in the middle of that linked Medium post,
wherein he analyzed the OmniLedger (and Byzcoin) consensus ledger design in the context of his rebuttal of Vitalik's 2017 blog.
It turns out that OmniLedger is exactly the same as the design @anonymint had conceived of as of early 2016,
but he had discarded that design due to some flaws which he explains in the new EDIT.
He also explains how his current design improves upon those remaining flaws in OmniLedger and EOS.
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May 28, 2018, 07:28:02 PM
 #1165

@anonymint has written a comprehensive blog analyzing the extant projects and consensus ledger designs.
This exemplifies the depth of his research and expertise, as well pretty much points out that
there's nothing yet published in our industry which can achieve all three of: scalability, security, and decentralization.

https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers
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May 30, 2018, 07:51:08 PM
 #1166

@anonymint has split the recent blog into two parts because it exceeded the maximum length in bytes of a Steemit blog.
Part 2 now has a more complete explanation and analysis of how Byteball works which was extracted and improved from his CRED 2016 whitepaper rough draft.
Also an analysis of Hashgraph will be added:

https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers-part-2
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May 31, 2018, 09:47:13 AM
 #1167

I read a paper a few years ago. In certain conditions, 25% is enough to launch attack. But for Ethereum, it is GPU mining, so it is difficult to have vast amount of hashing power.
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June 01, 2018, 11:37:10 AM
 #1168

The problem is with the operating system's entropy pool and the API for accessing it. Avoid it entirely if you want to be very sure.
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June 02, 2018, 02:24:45 AM
 #1169

Will I receive your apology when you later realize you were wrong, as you did on Iota and again on your other failed idea for DAG-like design.
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June 02, 2018, 08:32:54 AM
 #1170

So now we know stoat refuses to provide proof and thus is a low life lying scammer who has to beg for funds while lying about a friend in need.
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June 05, 2018, 07:15:05 AM
 #1171

Bitcoin is not whatever amplified administered than Ethereum. it is conscionable as inessential in that impression. Ethereum conscionable entranced the brain curve of the programmable handwriting in bitcoin and lingering the functionality
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June 08, 2018, 03:55:56 PM
 #1172

Let me ask a stupid question here. How a user can have gas in one partition and not to have gas in another ? Are you saying that a user had spent his gas but it didn't get validated by the system ?
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June 15, 2018, 10:40:10 AM
 #1173

So now we know stoat refuses to provide proof and thus is a low life lying scammer who has to beg for funds while lying about a friend in need.
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